All High Yield Bonds articles

  • Refinitiv
    Features

    Market predicts US soft landing - June 2024

    June 2024 (Magazine)

    A combination of Fed­eral Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.

  • IPE Quest June 2024
    Features

    IPE Quest Expectations Indicator - June 2024

    June 2024 (Magazine)

    Trump and Biden are both losing to undecided voters, a group that is now unusually large and may be sensitive to Trump’s legal troubles. Biden’s approval rate is below his score in presidential polls, while Trump’s score is the same in presidential polls and those measuring voters’ opinion of him. In the UK, the Conservatives took another drubbing in the local elections.

  • Cathy Braganza
    Asset Class Reports

    European high yield stands its ground

    May 2024 (Magazine)

    Investors flocked to the European junk bond market last year and despite a strong US economy, there is still appetite for European issuers

  • The yen hits lows not seen against the dollar since the 1990s
    Features

    US economy continues to surprise

    May 2024 (Magazine)

    The resilience of the US economy continues to confound observers. The Federal Reserve’s 11 hikes in interest rates over the course of 2022 and 2023 were implemented to rein in economic strength and to stifle inflation. Scroll forward to the second quarter of 2024 and both inflation and economic activity are still higher than expected.  

  • Net sentiment equities
    Features

    IPE Quest Expectations Indicator - May 2024

    May 2024 (Magazine)

    EU parliamentary elections are approaching fast. Current polls predict a shift to the right, with the current centrist parties remaining dominant and the extremist right overtaking the Euro­sceptics. US President Donald Trump is still liable to be convicted in a criminal case, but his poll figures are rising. 

  • US bank failures through the past two decades
    Features

    Reluctance to drop interest rates disappoints the markets

    April 2024 (Magazine)

    US rates markets entered the year enthusiastically pricing in over 160 basis points of cuts through 2024, and have since had to push back hard on both the timing and magnitude of interest rate cuts now expected by year-end. 

  • Nordic Notes
    Opinion Pieces

    ATP at 60: no plans to retire the guaranteed pensions model

    April 2024 (Magazine)

    Now approaching retirement age itself, Danish statutory pension fund ATP is using its 60th birthday as an opportunity to reinforce the validity of its guarantee-based investment model.

  • Tatjana Greil Castro
    Interviews

    Muzinich’s Tatjana Greil Castro on credit fundamentals

    March 2024 (magazine)

    In one of the meeting rooms of the London office of Muzinich & Co are displayed a series of bond certificates from the past. 

  • Mirabaud Asset Management graph
    Features

    A bumper year for convertible bond issuance

    March 2024 (magazine)

    The convertible bond market ended 2023 on a strong note with its main index – the Refinitiv Global Focus – returning 6% in the fourth quarter. The optimism has continued into 2024 on the back of reasonable valuations, historically low equity volatility and better opportunites. 

  • IPE Quest Expectations Indicator Feb2024
    Features

    IPE Quest Expectations Indicator - February 2024

    February 2024 (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

  • Europe faces an energy surprise in the winter without peace in Ukraine
    Asset Class Reports

    Debt investors face European uncertainty

    January 2024 (Magazine)

    High interest rates and inflation are the biggest concerns as recession looms

  • Finding diversification in a correlated world index
    Asset Class Reports

    Investors put weight behind bond markets

    January 2024 (Magazine)

    Exposure to bonds is rising at the fastest rate since the financial crisis, as investors focus on high-quality paper and the shorter end of the yield curve  

  • ​Martin Horne
    Interviews

    Barings: A bond investor for changing times

    January 2024 (Magazine)

    Martin Horne is the new global head of public assets at Barings bond investor, but he is a bond guy through and through. 

  • Argentine peso vs US dollar
    Features

    Will delayed economic bad news hit the market this year?

    January 2024 (Magazine)

    Global economic growth was below potential in 2023, but still markedly stronger than the forecasts had been indicating at the start of the year, with the US leading the way and even the likes of Europe and the UK, though hardly stellar performers, posting better than expected economic activity. 

  • Net sentiment bonds
    Features

    IPE Quest Expectations Indicator - January 2024

    January 2024 (Magazine)

    It is safe to predict that 2024 will be a year of desperate campaigning. Political surprises in the US and UK are possible and, this time, they do make a difference to markets

  • IPE Quest Expectations Indicator - Net sentiment bonds, Jan 2023-Dec 2023
    Features

    IPE Quest Expectations Indicator - December 2023

    December 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

  • telescope binoculars search mandate
    News

    Publica tenders €2bn in corporate bonds mandates via IPE Quest

    2023-11-10T08:19:00Z

    Tender is for two passive or enhanced passive corporate bond mandates – one for European and the other for US bonds

  • 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

  • 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.