In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
A summary of the factors driving global markets over the last month.
Learn about the important topics covered in the Outlook and their potential impact on broader markets. Michael Cembalest touches on topics including: the global banking system, oil markets, the credit risk of US states and credit market liquidity.
Scott McKee, Emerging Markets Corporate Bond portfolio manager, explores the opportunity set in corporate EMD
Learn more about J.P. Morgan’s views on fixed income, the economy and markets.
Bill Eigen, CIO of Absolute Return and Opportunistic Fixed Income Investing, explains today’s fixed income markets.
Reaching for yield, which we define as buying bonds with wider spreads after controlling for sector and rating impacts, is a topic that frequently arises in the life insurance industry.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
Potential investment implications of IFRS 9 on bond and equity investment strategies like hedge accounting and derivatives.