but we still have a favorable view on corporate bond investments given the strong economic backdrop. With spreads tight, we are maintaining our "up in quality" bias, preferring investment-grade corporates for investors willing and able to take a little risk. Floating-rate corporate bonds appear ...
In this episode, Kathy interviews her colleagues Collin Martin and Cooper Howard about the team's midyear fixed income outlook, with a theme of looking beyond Treasuries. The conversation covers investment-grade corporate bonds, high-yield bonds, preferred securities, and the municipal bond market. ...
Outlook: Corporate BondsWHAT DOES the hard-working and thrifty Gordon Brown have against pension funds? Yesterday's announcement that the Government would use some of the proceeds of the sale of mobile phone licences to cut gilt sales this year by pounds 2.2bn to just pounds 10bn caused more...
This means that bonds may continue to provide meaningful returns to investors, not just diversification benefits. The credit markets are currently optimistic about the economic outlook for 2024, as evidenced by the tight credit spreads that reflect low default risk and high demand for corporate debt...
Not primarily because as usual, by eroding purchasing power and corporate margins it has hampered consumption and investment – private spending has been remarkably resilient actually in the developed world given the circumstances – but because it has marked the end of an era for monetary policy....
As investors prepare for risks that might disproportionately impact portfolios concentrated in US or DM credit, we believe emerging market corporate bonds offer attractive value, lower realized volatility, and a direct response to the challenges likely to roil financial markets in 2024. ...
In terms of areas to lean in, we think that the current vintage will be a strong one for Private Equity, especially opportunities linked to value creation by operational improvement and/or corporate carve-outs. Meanwhile, we continue to pound the table on many parts of Real Assets, including...
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Stronger EM fundamental backdrop is a key driver of EM USD government bonds’ outperformance; EM USD government bonds offer attractive yields comparable to DM High Yield corporate bonds Fig. 13 Fundamental backdrop of Emerging Market has been improving EM manufacturing PMI and MoM EM USD bonds ...
We have a neutral view between government and corporate bonds – while the latter offers a slightly higher yield, yield premiums over government bonds offer little value. EM bonds offer pockets of opportunity and risk. We are Overweight EM USD-denominated government bonds as we believe the ...