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...
Positioning for a New Economic Landscape – Mid Year Outlook
T.Rowe Price recently released its mid year market outlook. In this article we republish parts we feel are relevant for fixed income investors. Chief Investment Officer, Fixed Income, Mark Vaselkiv, based in London, provides the fixed income commentary.
The pandemic recovery...
Following a sustained period of higher inflation, complicated more recently by the spike in commodity prices associated with the Russian invasion of Ukraine, central banks (CBs) are increasing interest rates. For instance, the Federal Reserve has ~7 rate hikes priced in between now and the end of 2022, with...
Elizabeth Moran takes a look at BetaShares' new Interest Rate Hedged Australian Investment Grade Corporate Bond ETF (HCRD) and suggests some advantages and disadvantages.
It’s always exciting to see new fixed income products come to market and last week, BetaShares’ announced its new fixed income ETF, HCRD, which hedges a...
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...
Article by Allan Lane, founder and CEO of Algo-Chain
With the continuing success of the ETF industry, it is quite something to hear the view of one group of insiders who often suggest that the growth of fixed income ETFs will go from strength to strength while another group decries...
By Erik S. Weisman, Chief Economist and Portfolio Manager, MFS Investment Management
The jury is out on whether the United States economy will be able to avoid a hard landing
We believe the probability of a recession has risen considerably, reflecting concerns over the threat of policy overtightening by the US...
By Sonal Desai, Ph.D. Chief Investment Officer, Franklin Templeton Fixed Income
Bond investors have started the new year on a very upbeat tone. They seem convinced that the battle against inflation has already been won. The Federal Reserve (Fed) might nudge rates up a bit more to stay on the...
By Sheldon Chan, Portfolio Manager of Asia Credit Bond Strategy at T. Rowe Price
Asia credit suffered notably last year, prompting investors to think whether it will see the light at the end of tunnel in 2022. While volatility persists, we believe the market remains a high-quality segment of the...
Article sourced from Kapstream Capital
For a time, when interest rates were low, the benefits of investing in fixed income was reduced.
Investors, in their chase for yield, reallocated into higher-yielding and more volatile sectors within the asset class, either going down the credit spectrum, capital structure or giving up liquidity...
