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Top Recent Fixed Income Papers: Jan 2022

Fixed Income Markets and Central Bank Updates

It was thought that December's 2X tapering announcement had been fully digested by investors, however, the release of the minutes from the December FOMC meeting spooked markets, sending the Nasdaq down 3.3% on Wednesday. The document suggests not only a faster pace of tapering, but also a faster hike of the Fed funds rate and the possibility of an expedited reduction in the Fed's balance sheet. 

Below we have listed some of the top recent fixed income content on Savvy Investor, including updates about monetary policy decisions made during December 2021 and the implications these may have for global fixed income markets.

Should you have missed it, the 2021 Savvy Investor Awards were announced on December 7th. The link that appears below the 'Savvy Investor Awards' sub-heading in the paper list takes you to the Best Fixed Income Paper category, where you can view the winning paper by CFA Institute Research Foundation, plus the Highly Commended ones too.

ECB global monetary policy


Webinar: Why Core? Opportunities in the Securitized Market (Diamond Hill CM)

Join Henry Song, CFA, portfolio manager for the Diamond Hill Core Bond and Short Duration Securitized Bond strategies, on Wednesday 19th January 2022 at 9 am EST / 2 pm GMT / 3 pm CET for a discussion on the opportunities in the investment-grade fixed income market, including a breakdown of the securitised markets and the importance of looking beyond the benchmark for investments in investment-grade fixed income. 

ESG is Critical in Asian Fixed Income Investing (PineBridge Investments, 2021)

Green bond issuance is on the rise in Asia, and research has shown that ESG factors have a measurable impact on credit quality and spreads for Asian corporates. PineBridge discusses these and other reasons why operating with an ESG lens is critical when investing in Asian fixed income.

Systematic Fixed Income Outlook: Breaking bonds (BlackRock, Nov 2021)

For compliance reasons, this paper is only accessible in the United States

The bonds that held market expectations and central bank policies closely together during the Covid-era are starting to break.

Video: A quicker end to QE as the Fed considers its next move (Nuveen, Dec 2021)

In this 11-minute video, Brian Nick, Chief Investment Strategist at Nuveen, speaks about the implications of the most recent FOMC meeting and economic conditions in the United States.

Central Bank Watcher: Different worlds (Robeco, Dec 2021)

Robeco provides updates on global monetary policy from the Federal Reserve, the BoJ, the PBoC, and the ECB.

Emerging Market Debt Outlook for 2022 (Capital Group, 2021)

For compliance reasons, this paper is only accessible in certain geographies

Many emerging markets are still contending with higher inflation, largely due to food and energy prices. Additionally, opportunities may presently exist in EM local currency debt markets.

Global Debt Outlook: 2022 (Invesco)

For compliance reasons, this paper is only accessible in certain geographies

Invesco presents an overview of global debt markets, beginning with the macroeconomic backdrop and then delving into coverage of rates, credit, and emerging market debt.


Best Fixed Income Papers of 2021 (Savvy Investor)

The winner of the 2021 Savvy Investor Awards 'Best Fixed Income' category was CFA Institute Research Foundation. For more information about their paper, as well as the other Highly Commended papers recognised in the Awards, click on the link above.