Fixed Income Monthly Government bonds fell in February, defying disappointing economic data. Yields tracked modestly higher, although failed to keep pace with the recovery in equities and risk sentiment. Led by UK Gilts, most developed markets saw yields rise over
Growth Fears Temper the Rally The rally in emerging market (EM) assets paused this week as disappointing European data and mounting evidence of a slowdown in global capital expenditures stoked investors’ fears around the resiliency of the current expansion. Oil
BII Global weekly commentary Emerging market debt (EMD) has rallied sharply this year, bouncing back from a tough 2018. Is now a good time to add exposure? We would be buyers on any material sell-offs, as we see fundamentals remaining
‘Patient’ – Emerging Markets Update ‘Patient’ – defined as being able to accept or tolerate delays. It is also the most important word investors heard from central banks all week as the US Federal Reserve (Fed) pronounced that “muted inflation
Emerging Market Debt Update Risk assets continued their early year bounce as dovish Federal Reserve (Fed) speak and cheaper valuations have proven to be just the tonic investors needed to reinvigorate their spirits following 12 jading months. It seems progress
Portfolio Manager Perspectives BlueBay Emerging Market Debt Update Those who were diligent enough to be at their desks last week probably felt like 2018 never ended as they endured another rollercoaster ride, with S&P futures experiencing a 6% peak-to-trough move.
Emerging Market Debt Update Emerging markets (EM) came under pressure this week as Brexit negotiations and the Italian budget took centre stage. The Federal Reserve (Fed) kept rates on hold but reiterated its plans for further gradual increases, all but
Fixed Income Monthly Why investors seeking a stable and attractive source of return within a diversified bond portfolio should head to emerging Asia.
Emerging Markets Update There was no respite for global equity markets this week as volatility continued to spike and any signs of weaker US earnings sent share prices sharply lower. In Europe, a series of underwhelming data prints, combined with
Emerging Markets Debt Update Global equities suffered last week as the release of minutes from the 25–26 September Federal Reserve (Fed) policy meeting were deemed marginally hawkish, leading to a sharp reversal higher in rates on the evening of the
We remain constructive on corporate credit and see selective opportunities in emerging-market bonds. A lot has happened since this time last year. Overall, we have underestimated U.S. growth momentum so far this year. At least temporarily, tax cuts and spending
Fixed Income Perspectives Investors continue to face a market fraught with uncertainty. As far as catalysts go, the usual suspects remain. Trade war concerns, the potential for a yield curve inversion and emerging market volatility continue to grab headlines. Against
Key Points The recent sell-off in emerging markets (EM) debt has potentially resulted in an attractive entry point as it currently offers investors one of the highest-yielding opportunities within fixed income. Valuations in key EM are currently cheap to both
Investment Grade Debt Update The volatility in EM, Italy and Brexit are all likely to contribute to volatility in the coming months, selecting your hedges prudently and positioning on the on the right side of these events will be crucial.
EM continues to be in the driving seat with respect to broader market direction, with investor positioning in the spotlight. With financial markets in mid-summer mode, photographs from Venezuela this week served as a stark reminder of what can happen
No release Emerging market (EM) assets remained under pressure this week as Turkey refused to release Pastor Brunson amid the ongoing spat with the US. Italy also emerged as a source of concern for investors, with the Genoa motorway tragedy
Week ahead Next week (September 3), data about manufacturing PMIs for August for important emerging market countries will be published. In recent months, some emerging markets have fallen out of favor with the financial markets for various reasons. On the
Investment View De recente marktcorrectie ging gepaard met hogere yields voor Frontier Markets Debt (FMD), terwijl de onderliggende fundamentals sterk blijven. Op de zeer korte termijn blijft NN Investment Partners (NN IP) voorzichtig, gezien de risico’s en de waarschijnlijk uitdagendere
Market outlook The Turkish situation took its toll on CEE FX markets towards the end of last week, after the somewhat uneventful days earlier last week. If international sentiment, which is currently poisoned by the Turkish woes, worsens further, CEE
Market outlook The Turkish situation took its toll on CEE FX markets towards the end of last week, after the somewhat uneventful days earlier last week. If international sentiment, which is currently poisoned by the Turkish woes, worsens further, CEE
Key takeaways We move from underweight to neutral on US investment-grade (IG) and high-yield (HY) corporate bonds, resulting in a move from underweight to neutral for global IG and HY corporate bonds. We also move from underweight to neutral on
Key Points US growth hit 4.1%qa in 2Q18 Strong US earnings season but market slams negative surprises Fed stance unchanged this week, BoE to hike rates Short stance on Treasuries, neutral on Bunds Flows return to credit, emerging markets
Vanuit Het Gezichtspunt Van Asset Allocatie Schuldpapier van opkomende markten (EMD) kan in drie opzichten een belangrijke rol spelen binnen een multi-assetportefeuille: inkomen, groei en risicospreiding ten opzichte van zowel aandelen als investment-grade obligaties van ontwikkelde markten. Door de drie
Emerging Markets Markets across the world have entered a new era of volatility, with emerging markets (EM) likely to be particularly affected. This is bringing dispersion back to EM equity and debt markets, creating new opportunities to invest in assets
