In Credit Weekly Snapshot – June 2024
Our fixed income team provide their weekly snapshot of market events.
What do geopolitical risks mean for central bank FX reserves managers?
Two major industry surveys show that adjusting for geopolitical challenges will impact the way foreign exchange reserves are managed
Hochzinsanleihen machen ihrem Namen wieder alle Ehre
In der Welt der Kapitalanlagen, in der sich Trends schnell ändern können und die Märkte einem ständigen Wandel unterworfen sind, lag der Reiz von festverzinslichen Wertpapieren darin, dass sie – wie ihr Name schon sagt – stabile und zuverlässige Renditen bieten.
Fixed-income outlook: Shifting opportunities for bond investors
In an environment of tighter credit spreads, investors will have to look closely to find relative value.
High yield: once again doing what it says on the tin
Yields have become more attractive, and volatility is creating opportunities for active management. As such, we believe current market conditions are a compelling opportunity for investors to reconsider their fixed income allocations.
Statement piece: the importance of accurately reading financial accounts
Despite admirable efforts there continues to be variance in how companies report their financial positions. A more in-depth understanding is important to help improve outcomes for bond investors.
European banks: better value than many other sectors
Solid profitability driven by a rates sweet spot that should see decent earnings combined with increased loan growth, plus a soft landing for the economy, mean we are broadly stable on the sector over the coming years.
Ukrainian corporates are making a comeback – but is it temporary?
Businesses are taking differing approaches to managing their debt, and as we approach the point where paused repayments will resume, markets are looking at the ability of companies to uphold them.
In Credit Weekly Snapshot – May 2024
Our fixed income team provide their weekly snapshot of market events.
Irish banks: a classic turnaround tale… and opportunity
The sector has gone from being one of the riskiest in Europe to among the safest – an excellent example of the situations we look for, and that our deep research and bottom-up approach allows us to benefit from.