Latest Research on Fixed Income Markets

Are credit investors ready for a new cycle?

Fixed income markets are in a period of transition between the long period of easy monetary policy and the new regime of higher rates and slimmer central bank balance sheets. Despite the lingering uncertainty, there are opportunities to be found in this space. The compendium of research below offers investors insights into credit markets and sovereign debt.

Fixed Income Outlook – Sticky Inflation (BNP Paribas AM)

The U.S. economy is heading towards a period of below-trend growth, according to the latest data. In part, inflation is to blame. What should credit investors do?

Effective Corporate Bond Portfolio Construction (Franklin Templeton Investments)

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

While portfolio construction is sometimes a misunderstood concept in corporate bond portfolio management, it does not mean that credit managers do not use a robust process.

Securitised Credit Continues to Evolve (T. Rowe Price)

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

Although it was at the epicentre of the GFC, securitised credit continues to evolve as new regulations have transformed the asset class for the better.

Bonds Are Back: Credit Markets Focus During 2023 (Amundi)

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

Central banks are expected to tone down the tightening crusade against inflation as prices peak. Are bonds back on the menu for global investors?

Future Challenges to European Sovereign Debt Markets (VoxEU)

So far the ECB has played a de facto role as the main debt stabiliser in the euro area. Moving forward, fulfilling this role will become increasingly difficult.

High Yield: Three Myths Debunked (Insight Investment)

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

What many investors seem to overlook is that HY has less interest rate (or duration) risk than government or IG bonds.

Fixed Income Outlook Q1 2023 (Neuberger Berman)

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

Despite potential for economic deterioration this year, the picture for default risk is relatively benign, argues Neuberger Berman.

2023 Muni Outlook (MacKay Shields)

A timely update on how the municipal bond market is positioned currently, given the backdrop of higher interest rates.