All Government Bonds articles – Page 3

  • Net sentiment bonds
    Features

    IPE Quest Expectations Indicator - November 2023

    November 2023 (Magazine)

    IPE’s monthly poll of market sentiment, asking 50 asset managers about their six to 12-month views on regional equities, global bonds and currency pairs

  • Spain flag
    News

    Spanish pension funds mirror global market surges with 2.3% return to June 2023

    2023-10-11T13:46:00Z

    Asset allocation figures show that fixed income still dominates portfolios, although in declining proportions, with an average 55.3% allocation at end-June

  • Jose Garcia Zarate
    Special Report

    Focus returns to fixed income ETFs

    ETF Guide (2023)

    Fixed income is back, baby! In the seven months to the end of July 2023, flows into European-domiciled fixed income exchange-traded funds were €39bn compared with €14bn for the same period last year, according to Morningstar.

  • Maloney_T_3930_0566-Edit
    Features

    Inversion anxiety: what’s up with yield curves in 2023

    October 2023 (Magazine)

    For over half a century, each time the spread between US 10-year and three-month yields turned negative, indicating an inverted yield curve, a recession followed, sooner or later. In 2023, the yield curve has been more than just a little inverted. 

  • Chile’s central bank has started to cut rates
    Features

    Fixed income, rates & currency: Uncertainty persists

    September 2023 (Magazine)

    As the major central banks in developed markets reach, or at least near, the end of their hiking cycles, markets, rather than identifying when policy rates will peak, focus is now on the conundrum of just how long these policy peaks will be maintained.

  • Net sentiment bonds
    Features

    IPE Quest Expectations Indicator: September 2023

    September 2023 (Magazine)

    US officials are talking up the Ukrainian advance towards Melitopol, a sign that all is not well. Contrary to expectations, the biggest problem is not the Russian air force, but land mines. Trump’s legal problems are as worrisome as his inexplicable lead among Republicans. US abstinence in the struggle against climate change is a potential cause for a major trade war as the EU realises it must expand its regulations on importing ‘dirty’ products to prevent a free rider problem undermining its climate efforts. In the UK, Labour’s lead over the Conservatives remains crushing, making it difficult to claim the government has a popular mandate.

  • weather storm sea
    News

    New recruits bring sovereign climate engagement group to $8trn AUM

    2023-08-31T13:22:00Z

    New members include insurer Munich Re, pension funds LGPS Central and Rest, and the Queensland Investment Corporation

  • China coal-fired power plant
    News

    CO₂ emission reporting requirements on govvies confuse Dutch pension funds

    2023-08-30T11:41:00Z

    The question whether to treat green bonds as emissions-free is proving divisive

  • IPE Quest Expectations Indicator August 2023
    Features

    IPE Quest Expectations Indicator: August 2023

    July/August 2023 (Magazine)

    Politics is on hold until September. Normally, markets do not care and analysts reduce their activity. A political crisis in the Netherlands shows the danger. There are warnings from all sides that climate measures are ever more urgently needed. Markets need a clearer view of which products govern- ments will support with market-shaping measures and when, especially in the face of a faltering pace towards climate goals. Early signs of problems include a lack of capital for innovative start-ups and the increasingly loud voices of climate change deniers.

  • S&P Capital IQ
    Features

    Fixed income, rates & currency: Strong labour markets surprise

    June 2023 (Magazine)

    Global purchasing managers’ index (PMI) data, which measures the state of the US economy, has been mostly strong, although manufacturing indices have been considerably weaker than services, perhaps reflecting their greater sensitivity to higher interest rates.

  • Datta, Tapan 2
    Special Report

    Outlook – Europe and the world: CIOs focus on bonds and quality stocks

    June 2023 (Magazine)

    With the prospect of weaker growth, volatility and higher inflation and rates, strategists argue for more selectivity in investments

  • IPE Quest expectations indicator
    Features

    IPE Quest Expectations Indicator: June 2023

    June 2023 (Magazine)

    Continued loud bickering between the Wagner Group and the Russian army is protecting Putin from both, worsening the outlook for peace, while there are multiple signs that military supplies are approaching exhaustion. The coalition supporting Ukraine is stronger than ever, showing increasing willingness to provide military aircraft. Yet the offensive expected in February has not started. In the US, Florida governor Ron DeSantis is damaging his position with an unproductive row with Disney, while Trump has moved closer to a prison term. Gas consumption in the EU is falling faster than expected, due to efficiencies like heat pumps, changeover to electricity and solar panels. Macron scored nicely by sponsoring the participation of Zelensky at the Hiroshima G7; Sunak failed to centre political attention on China.  

  • Meloni grapples with Italys pension woes
    News

    Italy roundup: Previndai ups exposure to corporate, government bonds

    2023-05-24T13:59:00Z

    Plus: Eurofer pushes on with direct investments

  • Arne Vagn Olsen at Iceland’s Pension Fund of Commerce
    News

    ​Iceland’s pension funds fear €1bn losses under housing bond plan

    2023-05-17T14:49:00Z

    Pension fund group says on firm legal ground, and warns the government of years in court

  • City of London
    Asset Class Reports

    Portfolio strategy – Fixed income

    May 2023 (Magazine)

    Last year ushered in a new era for global fixed income and credit markets. It was the worst, in terms of returns, for bond investors in years, but it signalled a regime change. Investors need to be prepared for structurally higher inflation and rates, as well as higher volatility. But for fixed income managers, this is an environment where value is easier to find. Our report looks at this new beginning for fixed income investors, and at how selectivity has become key in the high yield and loan markets.

  • Kate Hollis
    Asset Class Reports

    Fixed income – New beginning for bond investors

    May 2023 (Magazine)

    A painful 2022 for fixed income means attractive opportunities and a possible normalisation in risk and return

  • IPE Quest Expectations Indicator May 2023
    Features

    IPE Quest Expectations Indicator May 2023

    May 2023 (Magazine)

    Russian air superiority over Ukraine is coming to an end due to lack of equipment. Destroying civilian targets is counterproductive and consumes ammunition. Bakhmut is eating into Russian resources, while Ukraine is being re-armed. History teaches that better technology, rather than numerical superiority, wins wars. But even a lopsided Ukrainian win would not automatically mean peace. 

  • Federal Reserve Bank of St Louis
    Features

    Fixed income, rates & currency: Optimism fades on mixed data

    April 2023 (Magazine)

    January’s market optimism has been subsiding, as forecasts for inflation and US Federal Reserve policy shift the outlook further to the hawkish side. However, the macro picture is not clear. Markets hang on to every new piece of data to clarify the outlook, be it non-farm payrolls, the consumer price index (CPI) or the US Job Openings and Labor Turnover Survey (JOLTS). 

  • JOINER, Alex_012
    Opinion Pieces

    Australia: Super funds shift to fixed income

    April 2023 (Magazine)

    With fear of recession in Australia and globally, superannuation funds have gone into defensive mode. Cash and liquidity are two key considerations for CIOs, and some are waiting to take advantage of attractive market opportunities.

  • Amitrano Giuseppe.1
    Features

    Ahead of the curve: Introducing the concept of a carbon risk-free curve

    April 2023 (Magazine)

    As global investors and companies progress towards their net-zero emissions targets, the concept of a carbon risk-free curve becomes increasingly relevant within the fixed-income market. In our view, this curve should provide a reference for evaluating the risk levels of bonds in relation to their issuers’ CO₂-equivalent (CO₂e) emissions and can therefore help investors to assess the impact of changes in CO₂e emissions on the yield spread of fixed-income bonds.