Nuveen's CIO, Saira Malik, shares her key takeaways on the weight of the upcoming US election and how this is affecting markets. Saira also explores recent economic data and the impact this is having on credit investing.
US election and economic landscape
President Biden's exit from the U.S. presidential race...
The Paris Olympics may be just around the corner, but bank-subordinated debt is the hottest ticket in town right now with investors queuing up to get a slice of the action.
ANZ is the latest bank to tap the domestic subordinated debt market. Spreads continue to contract at pace as...
By Arif Husain, Head of fixed income and chief investment officer, fixed income at T. Rowe Price.
During our fixed income policy week discussions, participants examine dozens of charts that our portfolio managers, analysts, and economists present on an array of market topics. One that particularly stood out for me...
The correlation between bonds and equities is very high and not likely to correct anytime soon. So what is the solution? More fixed income. A higher correlation means that overall portfolio risk has gone up, and the total risk can be managed down through a higher allocation to fixed...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 30 June 2024.
MARKET PERSPECTIVE
Global growth remains broadly resilient with some signs of cooling along with easing inflationary pressures.
Recent data across consumer, labour, and businesses point to a moderation in U.S. growth. Similar picture...
The fixed income universe incorporates an incredibly diverse range of strategies and approaches designed to deliver alpha returns. Very few target the sector’s ‘Fallen Angel’ bonds that have fallen out of favor and dropped from investment grade to sub-investment grade.
Global fixed income and risk management specialists Insight Investment has...
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...
Ken Orchard, Head of International Fixed Income and Portfolio Manager for Diversified
Income Bond Strategy, T.Rowe Price shares his outlook for the US economy and the Fed’s policy direction:
I would characterize what we've seen so far this year as more of a pause in U.S.
exceptionalism than the end of it,...
From Craig Brooke, KeyInvest CEO
Strictly speaking, private credit (or debt) is a sub-asset class of fixed income where companies borrow and investors lend. However, some of its characteristics align it more with alternative investments rather than fixed interest. However, is it now large enough to have formed its own...
From Brian Carney and Kevin Minas, Mawer
Executive Summary
Private credit assets under management have boomed over the past decade with various estimates putting the size of the market between $2-3 trillion USD.
Despite public credit and private credit often being sharply delineated in investors’ minds and strategic asset allocations,...
