Latest fixed income thinking
Italy’s threat to the euro has not gone away
30 Jul 2019
The Italian government remains on a collision course with Brussels despite recently striking a deal over its 2019 budget. A mis-step by either side could lead to a fresh euro zone crisis that the new head of the ECB might struggle to contain.
Sovereign interests: ESG matters in emerging market debt
31 May 2019
The emerging market debt universe offers investors an expanding pool of opportunities that may be better assessed when integrating environmental, social and governance factors.
Degrees of separation: Re-examining the relationship between EMD and the dollar
7 May 2019
Old assumptions on the traditional link between emerging market debt and the greenback are being challenged, writes Liam Spillane.
The EM framing fallacy: Emerging market debt and the trials of a misunderstood asset class
7 May 2019
How we frame things deeply affects how we process information and subsequently act on it. So much so that, despite convincing evidence to the contrary, it can be extremely hard to shake off a fabled preconception. It seems that once a label sticks it can be very hard to dislodge.
Could the euro zone periphery head off the rails again?
17 Apr 2019
Almost a decade on from the sovereign debt crisis, we explore whether the euro zone’s peripheral economies have materially improved or old vulnerabilities will again become apparent as growth slows.
Trading places: Southeast Asia seizes opportunities amid US-china spat
14 Mar 2019
Trade wars have disrupted supply chains and weighed on stock performance in emerging markets. But as manufacturing companies shift production away from China to evade tariffs, some of its neighbours are thriving.
Global financial markets gain further ground
7 Mar 2019
Positive start to the year continues in February
Interest rates on hold, but not in reverse
26 Feb 2019
Financial markets have surged since the start of the year after central banks appeared to put monetary policy tightening on hold. Our investment teams give their views on where monetary policy goes next and what that means for asset prices.
The dangerous science of buckets
22 Mar 2018
Why absolute return fixed income challenges traditional asset allocation thinking.