Home Insights

Insights

All contributed articles by third-party authors

Within fixed income, there are two well-known levers, duration and credit. However, there is also a lesser known third lever, Pure Relative Value investing. Scott Osborne, Investment Specialist at Ardea Investment Management, explores how this third lever provides compelling diversification benefits for investors when blended with duration and credit. Investors...
J.P. Morgan Asset Management has released its 2024 Long-Term Capital Market Assumptions (LTCMAs), providing a 10-15-year outlook for risks and returns across asset classes. The research provides actionable insights as investors look to build smarter portfolios in the midst of a transition from disinflation to reflation, and from policy...
Investors need to navigate a fragmented economic outlook and higher volatility risk in 2024. Global growth will decelerate, driven by slowing developed economies and a mild recession in the US in H1.  Growth differential between Emerging and Developed Markets will reach a five year-high. India will grow faster than...
If history is any guide, at this juncture bonds may be a more attractive proposition than equities, at least in the short term. From Henry Neville, Portfolio Manager, Man Solutions Let’s begin with a mea culpa. In my note of 18 May 2023, I wrote that the risk/reward for equities versus bonds...
From Garrett Roche, CFA, FRM, Global Market Strategist at Principal Asset Management The recent and sudden rise of U.S. Treasury yields has pushed long-term interest rates above the highs seen in October 2022 and even those observed before the Global Financial Crisis (GFC) in late 2007. This swift and significant...
Global investment grade bonds are back, with quality issuers offering opportunities for investors to diversify portfolios and realise the potential for attractive returns. After last year’s sweeping sell-off, analysis of corporate fundamentals is returning to centre stage and investment grade bonds are set to resume their historical position as resilient...
As interest rates around the world continue to rise, the attractiveness of fixed income investments has become increasingly compelling, and bonds now offer far more attractive yields than they have in many years. As the broader economic outlook remains challenging, how do investors take advantage of this to maximize return...
Opinion piece taken from Nuveen’s Global Investment Committee mid-year outlook. The following outlook includes directions to investment destinations where the water may prove warmer and more inviting than in others — provided swimmers exercise caution and stay aware of their surroundings. Many wary market participants are sitting on high levels of...
Key Insights Global high yield bonds offer potentially attractive yields, with better value and opportunities in Europe. Default rates are not expected to return to peaks of the past, even if we enter an economic downturn, given strong corporate balance sheets. We believe the asset class is well positioned...
Inflation has been kind of an enigma for the world over the past few years. Policymakers dismissed rapidly rising inflation early on and viewed it as transitory. It was put down to temporary supply constraints, adjusting from the covid pandemic. However, inflation was rising higher and more persistent than initially...

Recent Articles

Most Popular

New ANZ Bond Issued at a 6.73% Yield

Today ANZ issued a Tier 2 subordinated bond at a margin of 280 basis points over semi annual swap, equivalent to a 6.736% issue...
anz capital notes 9

ANZ Launches ANZ Capital Notes 9 Offer

ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion. At the same...

Attractive Yields But Narrow Spreads: The Credit Dilemma

By Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price Even after the late-year “Santa” rally, all-in...
anz hybrid offer

ANZ To Launch $1bn Plus Hybrid Offer

Bank hybrid issuing is set to ramp up early in 2024 with ANZ Bank expected to be the first to market. ANZ issued a recent...

ANZ Allocates $1.7 billion & Sets Margin for ANZ Capital Notes 9

The ANZ Bank has allocated $1.7 billion of ANZ Capital Notes 9, where it had been seeking around $1 billion originally under its offer....