Shopping around for the best interest rate isn’t just a smart financial move - it’s an essential one, especially for institutions and councils with surplus funds, says a leading fixed term deposit expert.
Curve Securities CEO, Andrew Murray says when surplus cash sits idle or isn’t invested wisely, the potential...
By Sébastien Page, CIO and Head of Global Multi-Asset at T. Rowe Price
There’s no perfect historical analogy for the current environment. Fiscal and monetary institutions have changed, as have technology, geopolitics, and financial markets behaviour. Plus, the economy is still normalizing from the effects of unprecedented stimulus measures following...
Rallying bond yields supported fixed-coupon markets, particularly in the US, which now look particularly expensive.
Against a backdrop of rallying sovereign bond markets, credit markets across the asset-class spectrum posted gains. The top performers were asset classes that pay fixed coupons; these benefited from the fall in risk-free rates, particularly...
Anna Dryer, a portfolio manager in the Fixed Income Division at T. Rowe Price shares her views on the upcoming US election and its potential impact on the long-term Treasury yields as follows:
Our research indicates that this is the closest presidential election in over 60 years, with a high likelihood...
From Chief U.S. Economist PGIM Fixed Income, Tom Porcelli.
PGIM Fixed Income conducted analysis based on the potential election scenarios and their estimated impact on inflation, growth, and the fiscal deficit. Specifically looking at four key areas—trade and tariffs, fiscal policy, immigration and labor supply, and monetary policy effects—with significant...
Elizabeth Moran takes a look at the new BOQ Tier 2 subordinated debt issue and compares it to the recent Judo Bank and QBE issues.
Bank of Queensland (BOQ) is in the market taking an indications of interest (IOIs) for a new 10.25 year, non call 5.25 year (10.25NC5.25) subordinated...
European investment manager Amundi says that economic growth is moderating but not collapsing across the developed world and inflation is falling in line with central banks' targets, indicating that the central bank put is firmly in place.
"As a result, we are mildly positive on risks and aim to ensure...
The combined US unemployment and inflation picture suggests the Federal Reserve (Fed) will take monetary policy easing slowly. Two more 25 basis point (bp) cuts are expected this year. Progress towards a neutral stance probably needs inflation to decline a bit more and the labour market to ease a...
From Chief Investment Officer, Michael Goosay. This is an extract from Principal Asset Management’s 4Q24 report.
It has certainly been an eventful quarter for fixed income. A significant repricing of Fed expectations and the start of the rate-cutting cycle has finally brought the return of positive-sloped yield curves. The combination...
