High Yield Bonds – Page 2

  • 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

    Fixed income: 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.

  • telescope binoculars search mandate
    News

    Dutch pension fund in €250m global high yield search via IPE Quest

    2023-08-14T10:43:00Z

    Deadline is 15 September

  • 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.

  • Searching for yield – a role for junior capital
    News

    Mandate roundup: Swiss pension fund tenders investment grade mandate

    2023-06-05T14:11:00Z

    Plus: Swedish Fund Selection Agency hands mandate to Style Analytics

  • 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.  

  • 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.

  • Fiona Hagdrup
    Asset Class Reports

    Fixed income – A year for selectivity in high yield and loans

    May 2023 (Magazine)

    Patience might prove the be the watchword for the rest of 2023 in high yield