Monthly Market Monitor – February 2021
Monthly Market Monitor – February 2021
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Posts From Eaton Vance
With unified Democratic control, fiscal stimulus looms large in 2021
With unified Democratic control, fiscal stimulus looms large in 2021 January 2021 The big thing I am focused on as we begin 2021 is: Will the cyclical rotation trade, which was the dominant market trend during the last two months
Local-currency emerging-market debt outlook supported by macro backdrop
December 2020 Emerging-market debt (EMD) continued to benefit from a broad market rally in the third quarter of 2020, with local-currency sovereign EMD, hard-currency sovereign and corporate credit all posting positive returns. We hold a higher conviction for currencies, as
Rethinking risk parity and the diversification benefit of bonds
"We are at an extraordinary moment in financial market history. Effective diversification is still possible, but the simple form of hedging with government bonds is a thing of the past for the foreseeable future. We might wish it otherwise, but
Indigenous Peoples’ rights: Change is in the air
Washington — With historic changes sweeping across the United States, calls reverberating for fairness and equity for all are coming more regularly than ever. In recent weeks, three distinct American Indian issues have made headlines …
Softening high-yield fundamentals signal caution following Q2 rebound
Following a historic plunge in Q1, US high-yield corporate bonds delivered strong gains in Q2. The intervention of governments and central banks provided unprecedented support for global financial markets and bolstered investors’ appetite for risk. The market showed technical strength
Monthly Market Monitor August 2020
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Conviction edges up for emerging-market credit
Emerging-market (EM) debt rebounded strongly in the second quarter across hard currency sovereign and corporate credit as well as local-currency debt. We believe the market has entered a new phase following the broad-based recovery in the second quarter that will
Conviction edges up for emerging-market credit
Emerging-market (EM) debt rebounded strongly in the second quarter across hard currency sovereign and corporate credit as well as …
International equities: Creating value through compounding
Sustained wealth creation should appeal to any investor. In our view, the key to long-term wealth creation is identifying and investing in companies that can sustain …
Emerging Markets Debt Monitor Q2 2020
The second quarter represented a dramatic rebound for financial markets, including emerging markets, after the severe sell-off in March. While COVID-19 continues to pose a generational challenge to the world and the lives and livelihoods of some of the world’s
Fundamentals return to the forefront in emerging-market debt
Volatility related to the COVID-19 outbreak and dramatic oil price decline in Q1 2020 precipitated a …
Fundamentals return to the forefront in emerging-market debt
Volatility related to the COVID-19 outbreak and dramatic oil price decline in Q1 2020 precipitated a …
After COVID-19: The future of pandemic bonds
Investors are commonly advised not to try to time the market. While specific peaks and valleys can be difficult to predict with precision, we do know that bull and …
Fundamentals return to the forefront in emerging-market debt
Volatility related to the COVID-19 outbreak and dramatic oil price decline in Q1 2020 precipitated a …
Powell take center stage
The week before the Memorial Day holiday began with two high profile appearances from Federal Reserve (Fed) Chairman Jerome Powell, starting off with an interview on CBS’ 60 Minutes and followed up with testimony on Tuesday before the Senate Banking,
Monthly Market Monitor | May 2020
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Further volatility in high yield likely – our thinking is to take advantage of this, adding prudently to risk
In just five weeks in the first quarter of 2020, the US high-yield market witnessed its fastest sell-off of significant magnitude on record. Then, after March 23, the market turned up strongly; the average spread on …
Long-term value opening up in leveraged credit markets
The market downturn in March 2020 brought a swift and sharp repricing across credit market assets, the likes of which have not been seen …
Responsible Investing: Critical issues and indicators Q1 2020
A closer look at the facts, figures and trends that impact Responsible Investing
Volatility is creating value, but selectivity is required
Liquidity-driven dislocations, caused by investor demand for cash, hit fast and furiously in many fixed-income sectors during the first quarter. This included US Treasurys, commercial paper, investmentgrade corporate credit, US municipal bonds, asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities, floating-rate
Emerging markets debt: Determinants of sovereign bond quality and returns
Introduction The triumph of free markets following the collapse of command economies from 1989 to 1991 made clear which economic system produced superior socioeconomic outcomes – at least, so far as the outcomes could be observed anecdotally. By the 1990s,
Outlook for emerging-market debt remains bright after strong 2019
In this Q&A, Bradford Godfrey, CFA, Director of Alternative & Asset Allocation Strategies and Institutional Portfolio Manager at Eaton Vance, discusses the firm’s insights on recent developments in the emerging-market debt (EMD) universe. How did EMD perform in the fourth
March 2020 Monthly Market Monitor
Table of contents Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a
An exceptional year for bonds, but finding yield got harder
2020 income outlook The bond market in 2019 was a double-edged sword. Investors pocketed sizable capital gains in most sectors, thanks to plummeting rates. But the flip side hurts: As has often been the case since the 2008 financial crisis, the search for yield
Emerging Markets Debt Monitor
So you are telling me you will start your diet in 2021? Eaton Vance Management, a pioneer in the emergingmarkets debt space, presents the Emerging Markets Debt Monitor. We provide a comprehensive review of the emerging markets landscape through the
Monthly Market Monitor November 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Importance of country focus grows as EM rally cools
The emerging-markets debt sector is up sharply for the year, despite a weaker third quarter. With the rally cooling, all EM factors – exchange rates, local-currency interest rates, sovereign and corporate spreads – appear to offer value. Spillover effects in
More than a mid-cycle adjustment
U.S. assets performed well in the third quarter, adding to strong gains from the first half of the year. Markets rallied as heightened concerns about global trade and growth pushed bond yields lower and prompted central banks to ease policy.
Monthly Market Monitor October 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Monthly Market Monitor
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Avoiding “diversification decay” in emerging-markets debt
The growth of index-based investing in emergingmarkets debt exposes such strategies to increasing levels of systemic, developed-markets risk. As a result, emerging-markets allocations based on indexes may be less effective as diversifiers in portfolios comprising mostly developed-markets debt. Off-benchmark countries
Volatility is likely path forward for high yield
Volatility is likely path forward for high yield after strong advance in first half of 2019 Aided by expectations of monetary easing, the second quarter of 2019 saw high-yield corporate bonds on both sides of the Atlantic continue one of
Monthly Market Monito
June 2019 Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful
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The Biden administration is letting the DOL’s latest rule go into effect. Learn what this decision may mean for 401(k) professionals. https://bit.ly/3stCXPG #dolrule #dolfiduciaryrule #retirementplanprofessionals #retirementplanregulations #retirementplans
Compliance professionals in private banks have adopted new digital technologies to keep their skills and methods up to date. For more details from our Group Head of Risks & Compliance #Raoul_Jacot_Descombes, read his article in @letemps.
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