What are the implications of quantitative tightening for the global bond market?
Is the gap closing between US equity returns and the rest of the world’s?
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
How do your peers embed ESG into portfolios?
Approaches to fixed income investing - flexible versus conventional?
Markets, economy, stocks, growth, global, fixed income, international, asset classes
Michael Cembalest discusses the aches and pains constraining growth around the world, the severity of these ailments, and the degree of contagion from emerging to developed economies.
We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
What are the bright spots in fixed income?