Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
David Kelly, the Fed, interest rates
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.
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.
Potential investment implications of IFRS 9 on bond and equity investment strategies like hedge accounting and derivatives.
What are the risk and return considerations when it comes to private credit?
Do high yield bonds and leveraged loans still have room to run?
Where should core or core plus portfolios look to find value?
Long-term Capital Market Assumptions 2017 Theme-Credit cycles
A summary of the factors driving global markets over the last month.