Debt Markets in Focus

Can bond investors find the right opportunities?

“Bond investors who are overly focused on individual data points may lose sight of the bigger opportunity picture.” These were the opening words of AllianceBernstein’s Head of Fixed Income in his recent blog post regarding the direction of debt markets. They contain a certain amount of truth. Allocators interested in this space need to be able to contextualize individual data points within the broader macro landscape. This selection of insights is designed to help investors do just that.

Opportunities for High Yield in the New Economic Era (Wellington Management)

Central banks seem to be winning the fight against inflation, although for now it remains unclear whether this is attributable to tight monetary policy or easing supply shocks.

European Bonds - Peripherals versus the Core: The Pendulum Swings (LGIM)

For compliance reasons, this paper is NOT accessible in the United States and Canada

Historically, given the perceived safety of bunds, investors have traditionally demanded a decent degree of compensation for additional risk taken.

Money Market Funds Have Further to Go (BNP Paribas AM)

This podcast dives into the role that money market funds currently play in the broader financial system —and whether such funds are still necessary.

Emerging Opportunities in Real Estate Debt (Fidelity Investments)

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

Commercial mortgage origination volume declined by roughly 50% in 2023, at a time of looming loan maturities.

Global Fixed Income Strategy March 2024 (Invesco)

This report provides an in-depth look at the forces driving fixed income markets and where opportunities are for allocators in the months ahead.

A World in Debt: U.S. Treasuries (MetLife IM)

In light of the record-breaking U.S. Treasury issuance and looming large fiscal deficits, this timely conversation brings to light key developments for fixed income investors.

Unveiling the Value of EM Debt (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

When considering whether to invest in EMD, investors may be concerned about credit risk, given the numerous sovereign crises the universe has experienced.

The Asian International Bond Markets: Development and Trends (ICMA)

For any jurisdiction, the international bond market usually develops after issuers become seasoned in their domestic capital markets.

Impact Investing in Corporate Debt (CFA Institute Research & Policy Center)

The integration of sustainability and traditional portfolio strategies has been broadly documented for equities. It is time for bonds to come under the spotlight.