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By Arif Husain, T. Rowe Price Head of International Fixed Income and Chief Investment Officer, Fixed Income The massive tightening of financial conditions since late 2021 has produced a fixed income market vastly different from the stimulus‐fuelled environment during and following the pandemic. The crosscurrents generated by these changes will...

Capital Group’s Jared Franz, Robert Lind and Pramod Atluri dissect the outlook for the global economy in 2024. Under the weight of elevated inflation and high interest rates, the world’s major economies are diverging. Surprising resilience in the United States, Japan and India is helping to boost the global economic...

By Bruno Bamberger, Senior Solutions Strategist at AXA IM Money market and short-dated (one-to-five-year) bond yields are the highest they have been since the end of the 2008/2009 global financial crisis (see chart below). Institutional investors may understandably be tempted to allocate more to these strategies – not just because of...

Late November, the Australian Securitisation Forum (ASF) held its annual conference in Sydney. Asset Backed Securities (ABS) are much loved by institutional investors but not well known by others. Here’s an abridged discussion from the conference with five panelists: Peter Riedel from Liberty Financial June McFallon from Allied Credit ...

Are we done with rate hikes? Or can't rule them out? Or should we be preparing for rate cuts? It might seem as though more than ever, there is a lack of agreement about where monetary policy is headed. Generally, that tends to be the case around turning points in...

Blossom co-founder and CEO, Gaby Rosenberg says that their 2024 investment outlook anticipates that demand for the stability of fixed income will remain strong. ​Blossom anticipates investor demand for the stability that fixed income offers to remain strong in 2024 as equity and property markets continue to experience volatility. The...

By Peter Sheahan, Director - Money Markets, Curve Securities My passion is commentating on yield curves. Outright levels, positive slope, inverted slope and momentum of bull/bear flatteners, bull/bear steepeners and inverters are all daily talking points. The transition between the current profile and the emerging one is where the fun lies....

I read a lot and when something new comes across the desk, I want to read more. This happened last week when Ferguson Hyams sent through the latest results of their Ferguson Hyams Opportunities Fund. The fund specialises in asset backed, alternative and high yield strategies. The group have...

Money market fund flows have surged recently—as investors sought refuge from economic uncertainty while enjoying elevated yields—and now sits at a record US$5.7 trillion. As an economic downturn quickly comes and goes, conditions stabilize, and the Federal Reserve potentially reduces rates in the year ahead, this substantial pool of...

Clearer outlook sets the stage for credit outperformance in 2024 The principal concern for investors today is that a "higher-for-longer" rate environment could further dent corporate valuations, raise worries about issuer refinancing and default risk and even pose the risk of destabilising another area of the economy, according to Western...