Fixed income
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As market conditions tighten, can emerging-market debt weather the storm?
Recent events have increased the probability of a U.S. recession and could hamper global economic growth. We examine how this macroeconomic backdrop could affect emerging-market debt.
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A glass half full: bonds now offer better values than they have in years
With yields significantly higher today than they were just a year ago, finding income opportunities in the bond markets is no longer such a daunting challenge. The issue now for investors lies in positioning their portfolios for what comes next. We take a closer look at the stakes.
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Preferred securities: seeking to reduce risk with active management
Passive preferred strategies can offer an attractive stream of income without sacrificing quality but tend to be heavily concentrated in a few sectors. We explore how taking an active approach to this asset class might benefit investors.
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Revisiting global multi-sector fixed income in a postpandemic world
The critical challenge fixed-income investors face today is to find stable returns amid high inflation and rising yields—without taking on excessive volatility or risk. We explore some ways to do so.
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Higher yields could make 2023 a good year for emerging-market debt
Although uncertainty remains for the global economy, elevated yields and attractive valuations within emerging-market debt present a compelling entry point for income-sensitive investors who have the risk tolerance to ride out any near-term volatility.
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Preferred securities: finding an attractive entry point ahead of a Fed pivot
Preferred securities have the potential to do well in both recessionary and inflationary environments, making them uniquely suited for today's market environment. Although the asset class has been negatively affected by rising interest rates over the past year, we believe preferred securities could see a robust rebound if the Fed pivots policy.
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Technical headwinds create a silver lining for municipal bonds
Municipal bonds have been under pressure this year as rising yields have caused a period of negative performance, spurring net outflows for the municipal bond market. However, this market stress has also created an opportunity for investors, with the muni/U.S. Treasury ratio signaling an attractive entry point for muni bonds.
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Securitized credit—an overlooked source of diversification
The characteristics of securitized debt make the asset class well positioned to supplement core fixed-income exposure, even if interest rates continue to rise.
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Municipal bonds: an attractive opportunity in an uncertain time
Municipal bond yields are at their highest level in years, offering investors a compelling income stream while maintaining a high credit quality.
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As the Brazil election heads to a runoff, the country’s fundamentals remain solid
Aggressive action by Brazil's central bank has caused inflation to roll over and allowed the Brazilian real to be one of the few currencies to climb against the U.S. dollar so far this year.
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