Are investors about to see another debt crisis?
With some global banks in turmoil once more, investors have shifted their attention to that part of the financial world which can carry stress from one institution to the rest of the system: the credit market. To help allocators make up their own views on the fixed income universe, we have put together the selection of research below.
Changing conditions across regions has become one of the defining characteristics of the current market environment. Where can fixed income investors find opportunities?
Despite recent uncertainty, looking more broadly across credit markets, forward-looking returns appear promising in some sectors. Credit investors have to be selective.
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This quarterly report looks at fixed income markets from different angles, including monetary policy and the rising wave of AI trading.
The European banking sector exited the pandemic with little to no damage. However, recent events have brought uncertainty.
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This paper shows that in the LDI case, early warning required the use of qualitative as well as quantitative market intelligence.
In this in-depth podcast, Nomura’s Charlie McElligott talks about the underlying forces across multiple credit markets. Will the stress in the banking sector spill over?
Ray Dalio's well-known analysis of debt cycles and crises is a must read given what is happening across the banking sectors in North America and Europe.
Money market funds are important instruments that invest in short-term credit instruments. Derivative margin calls can destabilise this market, however.