SIFMA is a US securities industry member association and they do a lot of work advocating for effective and resilient capital markets. Its recent 2024 Capital Markets Outlook provided some valuable insight into global equity and fixed income markets. In this article, we republish some of its insights.
According to...
Bullish on bonds as new paradigm emerges. By Gregory Peters, Co-Chief Investment Officer PGIM Fixed Income
The end of the Great Moderation is introducing an era of volatility in growth and inflation. Investors are adjusting to the contours of the new global paradigm, but ultimately, a new regime of higher...
By Bas van Geffen, CFA, Senior Macro Strategist, RaboResearch
Just like 2022 was the year of the global hiking cycle and 2023 was the year of peak rates, this year will undoubtedly be the year of rate cuts. The question is not if central banks will cut rates this year, but rather...
Stephen Dover, Chief Market Strategist and Head of Franklin Templeton Institute identifies five themes worth watching in the year ahead.
1. Secular stagnation returns
As 2023 draws to a close, investors are rejoicing over the prospects of a “soft landing” for the economy, characterized by the return to low inflation without...
By Magdalena Polan, Head of Emerging Market Macroeconomic Research, PGIM Fixed Income
A changing US-China relationship, the regionalisation of global supply chains and the reemergence of industrial policy in the West are bringing fundamental change to the macro landscape, making it imperative for investors to both manage risk and capitalise...
By Anna Chong, Deputy Head of Corporate Credit Research, Federated Hermes Limited
The new year promises to be a challenging one for highly levered corporates with looming maturities. Who will be hardest hit?
When considering our outlook for the coming year, it’s fair to say that not all the signals are...
Is the global interest rate “pause” here? By Matthew Macreadie, Income Asset Management
Communications from many central banks are trending that way: The Federal Reserve Governor Christopher Waller said the policy is “well-positioned”, while Bundesbank President Joachim Nagel said the inflation outlook is “encouraging”.
Futures markets are almost unanimously signalling we...
While the capital cycle fuels the engine of progress, it can also create excesses and inefficiencies.
The risks associated with many technology companies today are avoidable, yet investors are focused elsewhere.
While they are not nearly as exciting as technology or AI, industries that are supply constrained, with...
By Peter Sheahan, Director - Money Markets, Curve Securities
In the pre-Covid era, inverted yield curves were highly predictive of an eventual recession. This is not proving to be the case post-Covid. Inverted yield curves no longer slow the economy as effectively as they used to.
The yield curve has been...
From Thinktank's business development manager, Lauren Ryan
The non-bank lending market has been garnering consistent headlines in recent weeks, as growing economic divergence puts the focus once again on credit quality. As it is with most professional service businesses, finding an area of specialisation and knowing your client better than...
