Global Fixed Income Blog

Fundamentals “Trump” Politics – Emerging Markets Debt under Trump 2.0

Emerging Markets Debt under Trump 2.0

FOMC Statement: November 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

Dissecting Labour Markets is Key to Differentiating Cycles

What does the Fed's pivot mean for the ECB and BoE? Labour market differences will be the key driver.

Currency selection - a question of trust

Next week, the BRICS nations are meeting to further discuss how to reduce their reliance on the US dollar. What are the potential implications for the global currency landscape?

FOMC Statement: September 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

FOMC Statement: July 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

China: Continued rebalancing

In this blog, we highlight some recent developments regarding China's macro and policy arrangement, and provide investment implications.

FOMC Statement: June 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

Float On Over to the CLO Market

CLOs offer an attractive and scalable opportunity to gain exposure to highly-rated floating-rate assets with attractive spreads.

FOMC Statement: May 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

China’s 2024 NPC amid Economic Transition

China’s March NPC meeting recap and investment implications amid transition from “old China” to “new China”

High Carry, Low Vol

Riding the curve with leveraged loans…read more to learn why

FOMC Statement: March 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

FOMC Statement: January 2024

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.

O ‘Greenium’, Where Art Thou?

The European green, social and sustainable (GSS) investment grade corporate bond market and a quantitative analysis of its ‘greenium'

Five Realistic Surprise Predictions for 2024

Every December, we publish our predictions for the year ahead. We believe these predictions have at least a 1-in-3 probability of materializing – making them realistic, while not necessarily our base case, and a surprise relative to investor positioning.

How much protection will the USD offer you in a global recession?

We believe any US dollar rally in a global recession will be short, shallow or may not even take place at all…learn why.

A framework for predicting composite bond rating changes

Corporate credit ratings, produced by rating agencies, can be a rich source of information for constructing and managing corporate bond portfolios.

FOMC Statement: September 2021

Following the Fed’s announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. Rates team.

Multiple reasons for multi-family

The agency CMBS market offers an attractive way for fixed income investors to access one of the more resilient sectors of the commercial real estate market.

FOMC statement & potential impact on fixed income

Following the Fed's announcement, find our latest market views from the Global Fixed Income, Currency & Commodities Team (GFICC).

2020 Annual Bond Market Awards

Back by popular demand, we present Bob Michele's annual "Bond Market Awards" - including central banker of the year, villain in a leading role, rookie of the year, MVP, bond of the year and more!

FOMC statement & potential impact on fixed income

Following the Fed's announcement, find our latest market views from the Global Fixed Income, Currency & Commodities Team (GFICC).

'Blue ripple' and the USD outlook

The ‘Blue wave’ the market had prepared for now appears to be more of a ‘Blue ripple’ and currency markets are adjusting to a different political outlook.

Add extra guacamole for a dollar!

Emerging Markets Local Currency debt emerged as one of our best ideas at our most recent investment quarterly meeting. This isn't just about the US Dollar; we like what we see in local EM.

Is there green in the graying baby boomers? Why we like non-profit tax-exempt senior living bonds

At our recent IQ meeting, we concluded municipal high yield was one of our best ideas. In this piece we take a deep dive into one of the more opportunistic sectors in the tax-exempt market.

FOMC statement & potential impact on fixed income

Following the Fed's announcement, find our latest market views from the Global Fixed Income, Currency & Commodities Team (GFICC).

Emerging Markets: Don’t Fight the Central Banks

The opportunity cost of not investing in EM debt remains very high. Most importantly the same applies for the rest of fixed income: don’t fight the central banks.

FOMC statement & potential impact on fixed income

Following the Fed's announcement, find our latest market views from the Global Fixed Income, Currency & Commodities Team (GFICC).

A Road to Recovery

In response to Europe’s biggest growth shock in a generation the EU council agreed on the outline of the “Recovery Fund” to help cushion the economic fallout from the pandemic.

A new era for alpha generation in local emerging markets?

The global savings glut has been driving asset price valuations for the last decade or so. Emerging Markets and investors need to prepare for a potential new world.

Make the Fed Cut Again

While no one knows for certain what 2020 or 2022 will bring to the White House and the Fed, staffing changes and increasing political pressure within the Fed is a near-certainty.

Trading the thrill of the ECB chase

We review July's ECB monetary policy and determine the impacts on the ECB and the Eurozone.

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