All Government Bonds articles – Page 3

  • 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. 

  • WTI crude oil prices (NYMEX), Feb 2003–Feb 2023
    Features

    From soft landing to no landing

    March 2023 (Magazine)

    Once again, the US jobs market has shown its capacity to surprise forecasters, if not astonish them. January’s non-farm payroll numbers came in way above consensus forecasts, swiftly reversing markets’ dovish take on that week’s central bank actions, with bond markets handing back much of their earlier gains.  

  • Philipp Bunnenberg
    Country Report

    Germany: Financing the Energiewende

    March 2023 (Magazine)

    German professional pension funds like ÄVWL and BVK are keen to support the energy transition process

  • IPE Quest Expectations Indicator March 2023
    Features

    IPE Quest Expectations Indicator March 2023

    March 2023 (Magazine)

    The next Ukrainian offensive will be in April at the earliest, as modern tanks will have arrived by then. US Republican pushback of ESG and climate-related investments are a new bone of contention in relations with the EU, already strained by the Trump presidency, and a bad sign for US-EU co-operation on China policy, an issue Japan seems to be ducking successfully. Aided by a soft winter, EU energy concerns have become quite manageable.

  • Munich, Germany
    News

    Germany roundup: Institutional investors return to German government bonds

    2023-02-10T13:12:00Z

    Plus: Pension schemes up investments in Spezialfonds

  • Victoria Barron at BTPS
    News

    NZAOA, BTPS, Church of England back climate performance tool

    2023-02-07T12:14:00Z

    ‘There is no rating or ranking or investment advice, just free, comparable data points for investors to use as they wish,’ says Barron

  • Amy Caruso
    Features

    Ahead of the curve: Time to automate collateral management

    February 2023 (Magazine)

    The resilience of financial markets has been tested several times in recent years, from the so-called ‘dash for cash’ at the start of the coronavirus pandemic in March 2020 to the spike in UK Gilt yields in September 2022.

  • Riksbank Swedish central bank
    News

    Skandia invests SEK500m in first bond linked to new SWESTR rate

    2023-01-09T15:43:00Z

    As long-term investor, Swedish pensions firm ‘appreciates transparency’ of new transaction-based reference rate

  • Anthony Dalwood at Gresham House
    Opinion Pieces

    Viewpoint: Gilts crisis won’t undermine attractions of private markets for long-term investors

    2022-12-09T17:03:00Z

    Many of the government’s ambitions to reboot growth in the UK economy require solutions which private assets are well equipped and prepared to provide in a timely manner

  • Louis-Vincent Gave 2013
    Special Report

    Prospects 2023: Does zero China make sense?

    December 2022 (Magazine)

    Many investors are avoiding the People’s Republic, but they would do well to look at the reality

  • IPE Quest expectations
    Features

    IPE Quest Expectations Indicator: December 2022

    December 2022 (Magazine)

    The Ukrainian offensives look to have petered out and a new initiative will be needed to maintain morale. The US government is once again gridlocked and another debt ceiling fight is likely. The EU seems ready even for a harsh winter, but there are signs of war fatigue. In the UK, Prime Minister Rishi Sunak has apparently learned from the Liz Truss debacle, quickly making the necessary political U-turns, in particular on climate change. Expectations for the COP27 meeting in Sharm El-Sheikh were low. Analyst views indicate increasing belief that the wave of interest rate increases is receding.

  • bridge infrastructure
    News

    ​Varma diversifies EM bonds away from govvies with $50m in corporates

    2022-11-10T10:56:00Z

    Finnish pensions heavyweight makes first foray into EM corporate bonds, buying into HSBC AM’s bottom up fixed-income fund