New fixed income perspectives

What allocators need to know about fixed income markets today

Learn more about the wide range of forces shaping various sectors of the fixed income universe with insights from global asset managers and key institutions.

Q4 2024 Credit Outlook: Glimmers of Light, Shadows of Doubt (Man Group)

For investors, the tug of war between attractive yields and tight spreads continues.

Considering Moving out of T-Bills? A Guide (Northern Trust Asset Management)

If history is a guide, investors can potentially benefit by moving incrementally to longer dated bonds.

Securitized Credit: Falling Off a Cliff? (Wellington Management)

While economic growth should continue to moderate, a soft landing for the U.S. economy appears more likely.

Implications of U.S. Interest Rate Cuts for Long-Term Portfolios (State Street)

The Federal Reserve’s 50 bps reduction in official interest rates on September 18, 2024 is the most dovish surprise. Explore what this trend means for investors.

The Private Debt Advantage (Natixis Investment Managers)

For compliance reasons, this paper is NOT accessible in the United States and Canada

Finding sufficient matching long-term assets is a familiar challenge for institutions with very long-term liabilities.

U.S. Money Market Funds Remain a Popular Parking Option for Investor Cash (OFR)

Most inflows into institutional funds involve investors rebalancing portfolios toward government funds and away from institutional prime funds.

What Makes Infrastructure Debt Attractive? (UBS AM)

As far as infrastructure debt fundraising is concerned, investors are still in a difficult environment.

What Can History Tell Us about this Easing Cycle? (TCW)

Looking at current market pricing, there are approximately 70 bps of rate cuts priced in for the rest of this year and a further 120 bps throughout 2025.

Podcast: Subordinated, but Certainly Not Suboptimal (Robeco)

Subordinated debt markets are evolving fast. Here is what allocators need to know right now.

End-of-Month Liquidity in the Treasury Market (FRBNY)

End-of-month effects have been studied across various asset markets and geographies, focusing mostly on prices and returns.

Sustainable Government Debt Limits for the U.S. and Other OECD Countries (AEI)

This paper looks at the limit for the U.S. debt in the context of its economy and provides a similar analysis for other 26 countries.

“All Weather” Private Debt (CAIA blog)

Private Debt has performed at or above its long-term expectation in three of the four All Weather environments studied in this piece.