EM Fixed Income
Our views for the coming months After a strong start of the year, with EM sovereign bonds up 7.6%, EM corporate bonds up 6.8% and EM local bonds up 3.0% in USD terms, we expect carry to be the primary
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Tag "Outlook"
Fixed Income Monthly
The FIXED INCOME MONTHLY provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team. Our investment approach is multi-strategy, with portfolio managers given clear accountability and fiduciary responsibility for all investment decisions in a portfolio. Given
Hermes Fixed Income Quarterly Report Q2 2019
A reveille has been sounded in markets that are now experiencing feverish activity as half a decade of torpor gives way to volatility. Glib explanations for the panicked stampede of the recent sell-off – and subsequent rebound – mask the
Quarterly Outlook Q2
Fixed Income After the tumult of Q4 2018, investors deserved an easy quarter, and they got it. The Q4 trends of falling rates and rising economic concerns continued. But risk assets, like stocks and nongovernment fixed income spread products, pulled
How I Learned to Stop Worrying and Love the Bond…
Systematic Fixed Income Outlook Bonds have returned to offsetting economic (and equity) risk in investor portfolios and the outlook for dampening inflation played the critical role fueling the change. The lack of inflation pressure enabled the Fed's dovish pivot, fueling
Squeeze
Fixed income markets are enjoying a good run with the Federal Reserve again, suggesting this week that rates are on hold for the foreseeable future. Brexit has been delayed and the economic data continues to look more like “goldilocks” than
A cautious short-term stance toward Treasuries
We are cautious on U.S. Treasuries in the short term after the recent rally. Yet we still advocate exposure to build portfolio resilience. Scott explains. U.S. Treasury yields dropped sharply in March, breaking out of the tight range they had
Global Fixed Income Views 2Q 2019
Scenario probabilities (%) Source: J.P. Morgan Asset Management. Views are as of March 21, 2019. MARCH MADNESS Anyone in the U.S., or passing through this time of year, knows all too well about the collegiate basketball spectacle known as March
Bonds are back
Fixed Income Strategy Bonds are making a comeback. They have become a viable source of income, in our view, amid higher U.S. interest rates, a slowing but growing U.S. economy and a pause in the Federal Reserve’s tightening cycle. We
Euro Credit 2019 Outlook
All about policies? Last year was a difficult one for euro credit, with both the ICE Bank of America Merrill Lynch (ICE BofAML) investment grade (IG) and high yield (HY) indices posting negative total returns of -1.1 and -3.6%, respectively
Fixed Income Outlook – PGIM
Global growth outlook cools amid higher interest rates and market volatility The outlook for global growth in 2019 has slipped because of rising real interest rates, trade tensions, and asset market volatility. The U.S. economy is likely to expand at
Barometer: Happy new year?
The global economy is cooling. Concerns about a full-blown trade war between the US and China have led to a significant deterioration in business confidence and economic activity, particularly in the developed world. It's not all doom and gloom, though.
Asia Market Outlook 2019
Recovery, Rebalancing and Rotation Last year was one that many investors in Asian bonds might like to forget. The Bloomberg JPMorgan Asia Dollar Index was 4% weaker, the benchmark J.P. Morgan Asia Credit Index (JACI) was down 0.77% overall, and
Five wild cards for fixed income in 2019
A few “wildcards” hold the key to returns in 2019 Policy reversals relative to expectations drove much of the unique pattern of returns in 2018. From trade to the Fed, fiscal policy and global growth, asset returns which surged in
1Q19 CEE bond market report
Government bond yields should drift higher in 2019 Only Czech National Bank is to increase rates this year We expect sovereign rating upgrades in several CEE countries
Municipal Credit Outlook 2019
Sector stability driven by moderating economic growth; medium to long-term challenges remain headwinds Growing tax collections and revenues across the municipal market have been supported by the near-decade-long expansion. However , a deceleration of growth is anticipated. The expectation for
The Global Investment Outlook
Global economy decelerates as headwinds mount and tailwinds fade After enjoying solid and accelerating global growth in 2017 and the first half of 2018, momentum has waned and we expect this trend to continue into 2019. Financial conditions have worsened
The Global Investment Outlook
Global economy decelerates as headwinds mount and tailwinds fade After enjoying solid and accelerating global growth in 2017 and the first half of 2018, momentum has waned and we expect this trend to continue into 2019. Financial conditions have worsened
Distortion, divergence and diversification
Global Investment Outlook The global economy holds the potential to maintain solid momentum in 2019, in our view, underpinned by the strength of US fundamentals and demand. Volatility returned to global financial markets in 2018 as the narrative around synchronized
Long-term perspective on markets and economies Long-term perspective on markets and economies
If you are feeling particularly uncertain about investing heading into 2019, you’re not alone. With major economies entering late-cycle territory, volatility rising, monetary policy tightening and a trade war brewing, you may be wondering how to position your portfolio. This
Throttling Back on Risk Before the Cycle Shifts
2019 Fixed Income Outlook The current cycle has become elongated, with the European sovereign debt crisis and the recent commodity collapse as two recent examples of “mini-cycle” selloffs from which the market bounced back reasonably quickly. In 2019, fixed income
2019 Fixed Income Outlook
Throttling Back on Risk Before the Cycle Shifts Over the past decade, investors across global debt securities have had a good run, boosted since the financial crisis by global central banks’ extraordinary monetary policy accommodation. Recently, the US Federal Reserve’s
Fixed Income Outlook
Trade war and rising rates create headwinds for global economy The U.S. economy is poised to expand further this year, but growth will likely ease in 2019 China and the United States are locked in a spiraling trade war. We
Fixed Income Monthly
Strategy Summary The FIXED INCOME MONTHLY provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team. Our investment approach is multi-strategy, with portfolio managers given clear accountability and fiduciary responsibility for all investment decisions in a
Trade war and rising rates create headwinds for global economy
Q4 2018 | Fixed Income Outlook The U.S. economy is poised to expand further this year, but growth will likely ease in 2019. China and the United States are locked in a spiraling trade war. We believe global yields will
Highlight
Asset Allocation Consensus June
Asset Allocation Consensus Equities June 2019 on Youtube: https://t.co/WD3mMy1JgI
