All High Yield Bonds articles – Page 2

  • 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. 

  • 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. 

  • Finma sign Swiss financial markets regulator
    News

    Emergency rules trigger AT1 bonds write down in UBS/Credit Suisse deal

    2023-03-23T14:01:00Z

    Pension funds holding AT1 bonds, also referred to as CoCo bonds, can suffer losses as a consequence of the decision taken by FINMA

  • architect architecture
    News

    Inarcassa hedges equity exposure, resumes private markets allocations

    2023-03-13T14:17:00Z

    According to the new strategic asset allocation for 2023, Inarcassa is increasing its allocation to bonds by 3%, while reducing equities by 1.5%

  • Magnifying glass, search
    News

    Dutch pension fund tenders €1bn mandate via IPE Quest

    2023-03-10T13:19:00Z

    Plus: A pension fund based in Switzerland is looking for an investment product that invests in long maturity Swiss non-government 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.

  • Chris Bikos_Redington
    Features

    High yield bonds: do your homework

    February 2023 (Magazine)

    Last year, European bond markets were struck by a toxic a combination of geopolitical, economic and market tensions. The picture has improved with the dawning of 2023, although the markets will continue to experience bouts of volatility and uncertainty will persist. High yield is back on the agenda, but selectivity and careful analysis will be key in identifying the right opportunities. 

  • Rome, Italy
    News

    Inarcassa ups bonds, cuts equities in new strategy

    2023-01-03T15:07:00Z

    The scheme has also decided to integrate a sustainability element in its latest asset allocation strategy

  • Facade and environment of St Peter's church in Riga Latvia
    News

    German church schemes opt for passive high-yield strategy, exclude ETFs

    2022-11-18T14:05:00Z

    The pension funds have switched to indexed products, partnering with Insight Investment and steering away from its active high-yield managers

  • Calum Mackenzie at Aon
    News

    Bond volatility demands UK schemes prepare for urgent action, says Aon

    2022-07-14T15:34:00Z

    The situation has arisen because the bond market has repriced rapidly

  • Kate Hollis 1
    Asset Class Reports

    Credit: Inflation and the bond markets

    July/August 2022 (Magazine)

    Risks look likely to be building in credit as central banks wreak collateral damage on economies in their bid to tame inflation

  • Global supply shortages:price changes
    Features

    Fixed income, rates & currency: inflation battle in full swing

    July/August 2022 (Magazine)

    As we reach the midpoint of the year, there is little sign that the second half of 2022 will be any less turbulent than the first. The conflict in Ukraine slogs on – a destructive war of attrition, pain and fear. The repercussions are huge, global and unpredictable, be they surging energy prices or impending, but acute, shortages of basic foodstuffs, or of semi-conductors, so vital to 21st century life.

  • U.S. Rates: Low for Long, but Likely Positive
    News

    Dutch pension funds increase investments in high yield

    2022-05-09T14:48:00Z

    On average, pension schemes in the country now have invested 11% of their fixed income allocation in the asset class

  • Ulf Erlandsson
    Asset Class Reports

    Credit: Anthropocene fixed income

    April 2022 (Magazine)

    Former credit portfolio manager Ulf Erlandsson is on a mission to shake up the bond markets’ climate-change credentials

  • Jeff Boswell
    Features

    Briefing: High yield off to a rough start to the year

    March 2022 (Magazine)

    High yield did not have a good start to the year. Rising inflation and a more hawkish central bank tone in the US and UK triggered panic selling in January. However, as the dust settles and bad news is priced in, the asset class looks more appealing than other fixed-income segments. Easy pickings may be gone, though, and opportunities will have to be selected carefully.

  • Aggregate expected probability distributions for inflation 2022
    Features

    Fixed income, rates, currencies: Inflation spotlight on central banks

    March 2022 (Magazine)

    Not often far from the action, central banks have been centre stage in 2022 as one after another in the developed markets reveal their hawkish intents. The speed and synchronicity with which they have shifted has been pretty remarkable, with only the Bank of Japan not yet joining other main central banks.

  • Henly Matthew 0008
    Asset Class Reports

    US banks lead a boom in debt issuance

    January 2022 (Magazine)

    Capital requirements and locking in cheap funding have prompted banks to issue more bonds, but Europe lags behind