Government Bonds
In-depth reporting on investing in Government Bonds for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsSwiss pension funds recalibrate US Treasuries exposure
The Swiss bond market is too small to meet the demand for bonds from Swiss pension funds, says PPCmetrics
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NewsGilt market reaction to UK Budget remains subdued despite OBR leak
Gilt market reaction to the UK Budget was ‘subdued’
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NewsPeople’s Pension overhauls pre-retirement strategy, cutting cash, sovereign debt
UK pensions provider revamps its pre-retirement strategy, cutting cash and sovereign debt in favour of global short-dated credit
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FeaturesFrench turmoil sparks havoc in government bond markets
As France battles more upheaval, and with yields on 10-year French govvies spiking, institutional investors have adopted a wait-and-see attitude
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Special ReportIMF sounds alarm on ‘shadow banks’
The growing connection between non-bank financial intermediaries and the global banking network is causing concern
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NewsDNB reassures Dutch funds on interest rate hedging impact
Dutch pension sector is worried that government bond trades upon switching to defined contribution arrangements could squeeze liquidity and move markets
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NewsFondoposte builds bond portfolio with tilt to Italian sovereigns
Amundi, one of the pension fund’s fixed income asset managers, will overweight US Treasuries and UK Gilts
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AnalysisIPE Netherlands Briefing: PFZW switches to active management
Plus: Caterpillar divestment; French government debt
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NewsSwiss pension funds scale back global government bond exposure
Boards of Swiss pension funds are debating whether government bonds can still play the role of safe haven, says consultancy Complementa
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NewsDutch pension funds should slash government bonds, says BlackRock
The risk-return profile is not attractive compared to other fixed income categories, according to the asset manager
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FeaturesFixed income, rates, currencies: Questions over US economic policy dominate global concerns
As ever, the US dominates the global economic landscape. While there is still considerable uncertainty around possible tariffs emanating from the US – despite deals struck by the UK, China and Vietnam – the levels are still expected to be markedly lower than those trumpeted on 2 April.
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Country ReportCase study: Italian pension fund Enpam creates two-part investment portfolio
Doctors’ fund is repackaging assets into cash flow-matching and return-seeking parcels
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FeaturesChart watch: Uncertainty following tariff announcements persists
Though much of the damage caused by the so-called 2 April ‘Liberation Day’ announcement of US tariffs has been repaired, uncertainties generally remain high.
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FeaturesIPE Quest Expectations Indicator - July 2025
US President Donald Trump remains the main source of global political risk. In recent weeks, he has ramped up pressure on Russia over the ongoing war in Ukraine while the success of his interventions in Israel’s dual conflicts with Hamas and Iran is uncertain.
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NewsFrance’s FRR appoints duo for €1.4bn fixed income mandates
AXA Investment Managers and Ostrum Asset Management were selected
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NewsDutch funds see funding ratios rise in Q1 despite negative returns
Dutch pension funds felt the effects of Donald Trump’s trade war in the first three months of the year as interest rates rose and assets fell
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Features
Fixed income, rates, currencies: Fickle US policy shakes global investor confidence
The hugely unpredictable policy announcements from those in charge of the world’s largest developed economy are market events more usually associated with goings-on in a newer EM economy
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FeaturesChart watch: Uncertainty ripples across markets
The trade war unleashed by Trump’s tariffs and the knock-on effects for business confidence and commodities demand are reflected in our latest chart overview
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FeaturesIPE Quest Expectations Indicator - May 2025: US markets lose their wings
Markets have been gyrating wildly with Trump’s on-again-off-again trade wars, but resistance is building
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FeaturesIPE Quest Expectations Indicator - June 2025
At last, we have some clarity about the nature of ‘Trump risk’ – it is about uncertainty and growth. Markets are signalling that the US president’s on-again-off-again policies are a threat to growth and stoking inflation even if his threats are not implemented.
