-Uncoordinated policy actions point to an uneven path towards net zero greenhouse gas emissions. This could mean higher inflation in the short term and a more uncertain long-term growth outlook.
-Managing social costs will likely be key. A more just transition can be achieved by reallocating national income towards labour...
Spreads of credit default swaps (CDS) on US sovereign risk have moved materially higher in the past few weeks.
“We believe a US default is a very low probability event,” says Robert Abad, Product Specialist at Western Asset, a leading fixed income investment manager and part of Franklin Templeton.
Abad says:...
The Federated Hermes Credit Team shares seven pillars of wisdom on the AT1 market
The European Banking Authority is this month holding talks on ways to boost investor interest in the AT1 Market following the collapse of Credit Suisse, which resulted in Swiss Authorities wiping out $17 billion in...
The global financial system nearly collapsed in September 2008 when “globally significant” bank Lehman Bros failed, insurance company AIG (which insured many securities) had to be bailed out and numerous “mergers” were encouraged by panicked regulators.
The system didn’t nearly collapse early this year when Silicon Valley Bank (SVB) failed, along with...
Inflation continues to be a key theme and despite its recent peak, may stick around for longer than expected. In the second installment of a two-part series, Elizabeth Moran looks at high yield managed funds to beat inflation.
Given persistent inflation and increasing commentary for inflation to be higher for...
Pursuing social and environmental impact alongside financial returns
A joint paper from T. Rowe Price by:
Matthew Lawton, Portfolio Manager, Global Impact Credit Strategy
Hari Balkrishna, Portfolio Manager, Global Impact Equity Strategy
David Rowlett, Portfolio Manager, US Impact Equity Strategy
Key insights:
Our dual mandate is to identify companies that are...
The Australian fixed income landscape has changed with conditions now likely to provide many of the defensive attributes that investors have traditionally expected from the asset class, notes Anthony Kirkham, Head of Investment Management Australia at Western Asset, part of Franklin Templeton.
Kirkham says: “The Australian fixed income landscape in...
From Sriram Reddy, Managing Director - Credit, Man GLG
Introduction
We have been speaking about the end of the credit cycle for some time, but the speed
of the developments in the first quarter of this year has left us pretty surprised. A
sector that was seen as healthy – banking – has...
