fixed income

Could we see further financial casualties this year?

Paul Brain considers what the collapse of Silicon Valley Bank means for bond markets.

Why we believe our sovereign sustainability process is a key differentiator.

Fixed-income head Paul Brain discusses how bond markets can predict the economic cycle.

Fixed-income leader Paul Brain discusses the outlook for European bond markets.

Fixed-income head Paul Brain explains why he believes this year could be more positive for bonds.

Trevor Holder explains how inflation, monetary policy and growth dynamics are driving fixed-income markets.

How the theme of ‘great power competition’ could shape the macroeconomic backdrop in 2023 and beyond.

Bond investors can play a pivotal role in moving the planet to a lower-carbon way of life.

How far can the bond rally go?

CEO Euan Munro explores opportunities amid a changing structural backdrop and as market conditions have evolved dramatically.

We reveal our key macro findings from a recent fact-finding trip to Tokyo.

We assess the impact of the UK government’s Autumn Statement on the gilt market.

Assessing the UK’s monetary and fiscal predicament.

Are global bond opportunities starting to appear?

We examine how the Russian leader’s actions have affected the market’s risk premium and what might happen next.

Key (and sometimes surprising) findings from a recent trip to Vietnam.

We analyse potential consequences of new UK fiscal and monetary policy for UK bonds and the wider economy.

We analyse how diverging economies can create opportunities for bond investors with a global mindset.

How our macro-focused investment themes have evolved to deal with a changing geopolitical and economic backdrop.

We examine how the theme of divergence is creating opportunities for global bond investors in the US market.

Paul Brain discusses why US bond markets are offering opportunities not currently available in European markets.

How the Ukraine conflict could change the geopolitical and investment landscape.

Using fixed income to help navigate a rising interest-rate environment.

As conflict continues in Ukraine, we assess the potential investment implications arising from evolving Sino-Russian relations.

We highlight some trends that we believe will influence the sustainable fixed-income market in 2022.

We assess the possible investment implications of Russia’s invasion of Ukraine.

We assess what the Fed’s latest monetary-policy signalling could mean for bond markets.

We assess central banks’ latest strategies on interest rates as near-term inflation continues to rise.

We assess the impact of a potential rate rise by the Bank of England next week.

We assess the mood in bond markets as central banks once again start to focus on tapering quantitative-easing…

We assess the drivers behind unusual recent moves in global bond markets and consider what may happen next.

How sustainable fixed-income investing is growing in prominence, and why an active approach makes sense.

Where are the best opportunities for sustainable-bond investors?

We assess the near and mid-term implications of central-bank and government policy for bond markets.

Bond markets have endured a tough year. We discuss the inflation threat and where to find best value.

We assess the implications of the UK Budget for bond markets and the wider economy.

Key trends that will help to shape the growth of the sustainable fixed-income market in 2021 and beyond.

How a multi-asset credit approach could help investors seeking better yields and diversification.

We discuss how bond markets have responded to the US election.

As the global pandemic fallout continues, we assess the relative merits of developed and emerging-market debt.

The outlook for inflation, and a focus on sustainable fixed-incoming investing.

How the monetary and fiscal response to Covid-19 is reshaping bond markets.

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

We analyse the importance of sound governance and disciplined ESG analysis when selecting emerging-market government bonds.

We assess the ramifications of the European Union’s €750bn deal for EU bond markets and the euro.

We assess two potential tail-risk scenarios from the pandemic that could hurt investment-grade bond investors.

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

How the pandemic and rescue packages are changing both corporate behaviour and the dynamics of fixed-income markets.

We assess the impact of the Bank of England’s latest efforts to calm febrile markets.

We assess what the European Central Bank’s latest financial rescue package means for European bond markets.

We analyse the impact of Covid-19 on global bond markets in anticipation of the next stage.

We analyse the impact of the UK government’s financial rescue package on bond markets

Despite yields plunging following the Fed’s coronavirus-motivated rate cut, we believe opportunities still exist in bond markets.

How the spending pledges from the two main political parties could affect the UK gilts market.

As street protests spread across the region, is Latin America approaching a tipping point?

As the political deadlock looks set to continue in Spain, we assess the impact on debt markets.

A further Brexit delay and an unpredictable election spell further near-term uncertainty for the UK economy.

As Brexit uncertainty drags on, we assess the potential future consequences for the UK’s debt markets.

What could Boris Johnson’s victory mean for the UK’s gilt and currency markets, and future Brexit strategy?

The global liquidity party remains very much in evidence, despite the Norwegian central bank’s latest rate hike.

What are the ESG risks surrounding sovereign bonds?

How is the UK’s Brexit waiting game playing out in the bond markets?

As tariffs are hiked again, where does the US-China trade war go from here?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

The Irish and UK prime ministers are experiencing contrasting fortunes as Brexit negotiations rumble on.

Venezuela’s president and opposition leader are deepening a political crisis that could hold major implications for global markets.

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

Theresa May’s crushing Brexit deal defeat appears relatively meaningless compared to what might happen next.

Theresa May has survived for now, but will the EU budge from the deal on the table?

At our investment conference, we discussed the stress indicators that could herald the next market stage for bonds.

How US monetary policy affects different sectors of the bond market at different times.

What are the potential consequences of China/US trade friction for emerging and developed markets?

How can investors seek to engineer a return in today’s bond markets?

Italy’s current political uncertainty could put its heavily bought bond market and the eurozone under further pressure.

With Argentina raising interest rates to 40% to defend its rapidly falling currency, what does the future hold?

Analysing the investment landscape against a backdrop of rising interest rates.

How can multi-asset investors manage a changing relationship between bond and equity markets?

A look at the canine characteristics of the world’s leading central banks.

Why the latest court ruling on Brazil’s former president could spell good news for its economy.

A funny thing happened on the way from the referendum…

Where are opportunities for flexible fixed-income investors likely to arise in 2018?

In spite of housing and productivity initiatives, the UK’s Budget was overshadowed by a significant downgrade in growth…

After a strong run, is the high-yield bond market due a more serious setback?

Last week’s $2bn bond issuance by China coincided with the 19th Party Congress.

Cautious messaging around the much-anticipated UK rate rise puts the focus squarely on the health of the economy.

Are reasons for optimism emerging in Brazil’s sovereign debt markets?

Despite a shift in policy, a peak in rates may not be too far away.

Investment-grade debt has been bolstered by central-bank support, but we see little to get excited about.

Despite talk of a UK economic slowdown, the picture appears more mixed than outright negative.

Why investors should beware of China’s haunted property market.

What approach should investors take while awaiting more certainty on monetary policy direction?

Sovereign and corporate ESG credentials can be significant factors in shaping our fixed-income investment decisions

A week is a long time in politics, and in the gilt market...

Rising inflation and currency weakness may combine to dampen the prospects for gilts over the medium term.

Timing the turn is never easy, but you don’t want to be left ‘dancing near the door’.

How our investment themes help us identify opportunities and risks in changing bond markets.

Continuing weakness in the oil price is having a big impact on credit spreads in the energy sector.