Fixed Income – Page 20
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Opinion PiecesViewpoint: Where now for the stock/bond correlation?
This key portfolio parameter may be changing due to challenging market conditions
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NewsItalian pension schemes continue to trim bond investments
COVIP report shows investments in government bonds decreased from 37.3% to 35.5%
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FeaturesIPE-Quest Expectations Indicator commentary June 2022
The longer Russia refuses to make concessions, the more it loses, both in territory and in ‘face’. The Russian army has suffered even more loss of face than the Russian government. Analysts believe Europe and the UK now run the most risk. Perhaps, but in a post-war environment, they stand to gain most from reconstruction works in the Ukraine as well as the energy transition speeding up at home.
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FeaturesFixed income, rates & currency: disappearing safe havens
Risk markets have been having a torrid time of late. ‘Risk-free’ government bond markets are not providing any safe havens in these storms, with curves steepening and considerable volatility in longer rates.
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NewsMandate roundup: Benelux investor tenders €300m EM all-caps brief via Quest
ESG bond, commodities and Canadian equity mandates add to live tenders on IPE Quest
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Opinion PiecesViewpoint: Swap spreads at stress levels
Asset swap (ASW) spreads are currently trading at historically high levels as volatility in rates markets has remained high. We believe there is an opportunity for continental European pension funds to enter into Euribor receiver swaps and sell Bunds in their matching portfolio. Indeed, we expect that the peak in ...
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News
Thermal coal mining bond in ESG ETF but now sold, data coverage rectified
Bond was issued by SPV that was initially not linked to the parent, Siberian Coal Energy JSC
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News
BlackRock: Institutions to help drive global bond ETFs to $5trn by 2030
Asset manager upgrades forecast ‘despite the most challenging fixed income market in decades’
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NewsMandate roundup: Swiss pension fund seeks manager for index strategies
Plus: Italian scheme signs up to BNP Paribas’ ESG platform; Mercer wins OCIO contract
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FeaturesFixed income, rates & currency: Markets grapple with inflation and slowdown
The global outlook for economic growth is deteriorating, with repeatedly revised economic forecasts pointing to ever-higher inflation and lower GDP growth. The far-reaching impacts of the Russia-Ukraine war, moving principally through energy and commodity channels, have exacerbated so many of the world’s existing pandemic-related supply-side bottlenecks, which had been gradually easing in the weeks and months before Russia invaded.
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News
Generali Investments buys EIB digital bond tokens on Ethereum blockchain
Early move by Italian asset manager in digital bond secondary market as blockchain edges towards the mainstream
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Asset Class ReportsCredit: Anthropocene fixed income
Former credit portfolio manager Ulf Erlandsson is on a mission to shake up the bond markets’ climate-change credentials
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Asset Class Reports
Credit: EU raises the green bond stakes
The EU is considering making its Green Bond Standard mandatory
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Asset Class ReportsCredit: Investors cautious over Ukraine war
Despite geopolitical tensions, inflation and rising costs, private debt market remains optimistic after a record 2021
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FeaturesFixed income, rates & currencies: War and inflation dominate
While we watch horrible scenes of towns and cities under bombardment, their bewildered and bloodied citizens desperately searching for safety, the huge shockwaves generated by the Russian invasion of Ukraine are spreading rapidly far beyond both countries’ borders.
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NewsInvestment pool duo launches new funds claiming £4.6bn in LGPS assets
Border to Coast launches £1.4bn listed alternatives fund, while ACCESS adds £3.2bn to the LGPS pool
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FeaturesFixed income, rates, currencies: Inflation spotlight on central banks
Not often far from the action, central banks have been centre stage in 2022 as one after another in the developed markets reveal their hawkish intents. The speed and synchronicity with which they have shifted has been pretty remarkable, with only the Bank of Japan not yet joining other main central banks.
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FeaturesBriefing: High yield off to a rough start to the year
High yield did not have a good start to the year. Rising inflation and a more hawkish central bank tone in the US and UK triggered panic selling in January. However, as the dust settles and bad news is priced in, the asset class looks more appealing than other fixed-income segments. Easy pickings may be gone, though, and opportunities will have to be selected carefully.
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NewsSwedish buffer funds: AP3 posts 21% while PE-only AP6 returns 49%
Listed equities, alternatives and krona weakness power returns in 2021, says AP3
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News
Alecta sees current volatility creating good credit opportunities
Swedish pension fund reports 24% return for 2021; thanks rising stock markets, strong property market and own work to find fixed income returns
