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...
By Jonathan Butler, Head of European Leveraged Finance and Co-Head of Global High Yield, PGIM Fixed Income
Rapidly changing global markets have become a key feature of the current environment. While deciphering the implications of differences in GDP growth and relative value can be disorientating, it now works in favour...
Hazel Ilango is an Energy Finance Analyst, Debt Markets at the Institute for Energy Economics and Financial Analysis (IEEFA).
Climate risks may be on the verge of lowering credit ratings while assessors of debt issuers dawdle on a rethink of their evaluation models. The outlook is bleak but bearing down on...
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 real issue behind the recent banking turmoil is the constriction of credit supply that central banks are inducing notes Andrew Canobi, Director Franklin Templeton Fixed Income team in Melbourne, and Portfolio Manager for the Franklin Templeton Australian Absolute Return Bond Fund.
Canobi further adds: The commentariat until recently had...
From Seema Shah, Chief Markets Strategist, Principal Asset Management
With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis, investors need to thoughtfully reconsider their portfolio construction process, and reallocate...
An Amundi Institute cross asset investment strategy research paper.
High inflation has not triggered a wage-price spiral in the advanced economies.
Monetary tightening has contained inflation expectations and a continued firm stance will bring down inflation, possibly faster than expected, according to Amundi, a European investment manager.
Mahmood Pradhan, Head of Global Macro...
By Robert M. Almeida, Portfolio Manager and Global Investment Strategist
Soaring policy rates have made cash a competitive asset again, prompting an overdue de-rating of risk assets.
But just because yields are higher, that doesn’t mean risk is lower.
The recent shift from yield-scarcity to abundancy is exciting, but...
Late last year I interviewed Andrew Frankling from Barrington Asset Consulting. Barrington primarily help charities and NFPs invest and I thought it’d be interesting to get his take on the asset class.
Andrew, can you please explain how you see fixed income fitting into a portfolio?
Andrew: We help our clients...
