Franklin Templeton Fixed Income CIO Sonal Desai says the prospect of persistently loose fiscal policy strengthens her conviction that the coming Federal Reserve easing cycle will be gradual and shallow—she expects a total of 125-150 basis points in easing, barring any unexpected shocks.
This would leave the fed...
From Principal Asset Management
With the economy slowing and inflation moderating, the Federal Reserve (Fed) should be gaining the confidence it needs to start rate cuts in 2024—possibly as early as September. While the timing of the first cut is still uncertain, what is clear is the Fed’s desire to...
Guest author Phil Strano from Yarra Capital Management illustrates why it’s important for bond investors to understand if they are investing in a holding or an operating company. He cites recent issues from Aurizon and Charter Hall and explains Yarra Capital’s strategy.
Robust primary corporate issuance in the Australian Medium...
It is little surprise that the word “stagflation” is trending as the world grapples with the possibility of both slower economic growth and higher inflation.
Stephen Dover, Chief Market Strategist, at the Franklin Templeton Investment Institute, part of Franklin Templeton, notes in a recent paper: “Since the fighting began in...
By Robert Tipp, Chief Investment Strategist and Head of Global Bonds at PGIM Fixed Income
Summary
Most developed market (DM) bond markets have already priced in substantial interest rate increases
Bank of Japan sees inflation trend as an opportunity
Chinese bond market bucks bear market trend
Will we see a...
Frank Uhlenbruch, Investment Strategist in the Australian Fixed Interest team, discusses the key events of 2022, the challenges and surprises faced by the economy and what to expect in the year ahead.
Key takeaways:
Despite the challenges faced in 2022, the economy has been surprisingly resilient.
With few signs yet...
Five bond strategies to help investors navigate evolving markets. From T. Rowe Price.
KEY INSIGHTS
The pain of 2022 has reset bond yields to meaningfully higher levels that offer investors higher potential income and a margin of safety.
With diverse sectors, fixed income markets offer solutions that can potentially help...
The Federal Reserve (Fed) will keep rates on hold for now, leading many to anticipate hikes at future meetings.
We think that distracts from the realities of the long-term outlook, notes Western Asset
At the June 14 Federal Open Market Committee (FOMC) meeting the Federal Reserve (Fed) left rates...
Including fallen angel bonds in a diversified portfolio may provide an attractive opportunity for Australian investors to increase returns and reduce risk. Yet options to invest in them are very limited as few exchange traded funds (ETFs) offer exposure, raising the need to engage active fund managers, who are...
From Fraser Lundie, Head of Fixed Income – Public Markets, Federated Hermes Limited
Amid the significant uncertainty facing corporate credit investors today, several bright spots remain. So-called ‘Rising Stars’ – where credit quality and ratings are transitioning from High Yield to Investment Grade – are undoubtedly one of these, and...
