The last two years can be described as a slow-motion liquidity crunch across private markets. Consistently high interest rates have created a domino effect on liquidity, effectively freezing portfolios with private investment exposure. Now, economic activity is beginning to slow, and central bank rate cuts could unearth a…

As the global interest rate cycle shifts, what strategies can investors employ to seize capital opportunities? Over the past two years, high interest rates have caused a liquidity squeeze in private markets, but the tide is turning.

Since the Fed started hiking interest rates in March 2022, global liquidity conditions have tightened materially, bringing inflation down, but it has now raised risks of an adverse growth outcome in 2024. Markets are unprepared for this scenario and continue to assume a ‘soft landing’ – that inflation can dissipate without…

With monetary conditions easing and investment liquidity improving in 2024, the global real estate market is reaching a turning point.

Total global debt reached a record high of $306 trillion in the first quarter of 2022, led by a surge in several emerging markets, as well as China and the United States, according to the Institute for International Finance. By the third quarter, it had dropped to $290 trillion but this remains a very high level. When debt…

Peer-to-peer technology platforms have unlocked tremendous value in many sectors of the economy. Think of Airbnb and eBay, for example. Yet despite finance being one of the most astute users of technology, the repo and sec lending markets have defied attempts to make them more efficient. That may be about to change.

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For institutional investors, cryptocurrencies also offer the allure of extraordinary and diversified returns in a market that is now of sufficient size and liquidity for meaningful institutional positions. Indeed, some market participants estimate that about 5% of total Bitcoin supply are now held by institutional investors…

Learn more about trading around certain S&P DJI market benchmarks and the use of indices as the basis for active and passive investment strategies.

PGIM’s IAS team has joined with GIC EIS to integrate liquidity measurement and cash flow management into a multi-asset, multi-period portfolio construction process. In today's climate, investors are increasingly faced with the difficult choice between potentially higher returns and greater liquidity. Given market uncertainty…

Learn about the deep, global futures and options liquidity at CME Group, providing market participants with opportunities to help manage risk amid spikes in volatility.

In the current policy framework, the People’s Bank of China (PBoC) can increase money supply via open market operations (OMO) and facilities such as the mid-term lending facility (MLF) and pledged supplementary lending (PSL). These measures inject liquidity over a time span ranging from overnight to five years into the…

Diversified public credit, especially if implemented through an unconstrained strategy that can tactically exploit public market inefficiencies, offers investors attractive return potential, transparency, liquidity and can be an anchor allocation in a well-diversified portfolio.

March 2023 Outlook highlighting the new macroeconomic regime of moderate rates and inflation.

Multi-decade highs in inflation have resulted in one of the most challenging market conditions during this century. With tighter global monetary policy leading to more restrictive financial conditions, we have seen record losses across major equity and fixed income markets amidst a sustained period of heightened volatility…

A large debt overhang is one of the most salient economic legacies of the Covid pandemic, as some emerging and frontier economies could face distress servicing their debt. In this piece, PGIM Fixed Income presents an analytical framework aimed at spotting the discrepancies among emerging and frontier markets in their ability…

In BlackRock's investment themes for 2020, revised after the Covid-19 pandemic took hold, they put forward a series of recommendations for plan sponsors in dealing with decreasing contributions, rethinking the balance of credit and treasuries, and instituting best practices in rebalancing and managing liquidity. Acting on…

Learn more about an index series that is designed to offer a comprehensive view of the USD emerging market bond universe while upholding minimum standards of investability and liquidity.

Short-term funding vehicles, like U.S. money market funds (MMFs), have been attractive investments because of high interest rates. Continued cash inflows pushed MMF assets to $6.6 trillion on July 31, 2024, according to the OFR U.S. Money Market Fund Monitor (MMFM) data. MMFs hold short-term investments that allow for quick…