Latest fixed income thinking

  • Bond Voyage: A journey into fixed income

    2 Jul 2024

    In a special European Championships edition of Bond Voyage, we discuss topical themes in liquidity, emerging-market debt, investment-grade credit and global sovereign bonds (with a little help from Cristiano Ronaldo and Kylian Mbappé).

  • A bigger splash: How much liquidity do I need?

    1 Jul 2024

    The importance of holding liquidity is well understood by large institutions. But how much is enough? In the first part of our new article series on liquidity optimisation, Alastair Sewell investigates the key considerations for different investor types.

  • Bond Voyage: A journey into fixed income

    10 Jun 2024

    This month, we discuss fiscal discipline in emerging markets, investment-grade credit portfolio construction, potential opportunities for sovereign investors in Canada and the merits of a developed-market focus in global high yield.

  • See the wood, not just the trees: How climate-focused credit investors can help drive real-world change

    14 May 2024

    Green bond funds and Paris-aligned benchmarks are aimed at climate-focused credit investors who also want the simplicity of passive investing. But while they decarbonise portfolios, they exclude the companies in the real economy that need to transition if the world is to meet the Paris Agreement goals. This is why an active approach can be beneficial.

  • Bond Voyage: A journey into fixed income

    13 May 2024

    This month, we discuss Spring Meetings and the path for rates.

  • Bond Voyage: A journey into fixed income

    11 Mar 2024

    In the latest instalment of our monthly series, our investment-grade, high-yield, emerging-market and global sovereign bond teams explore the key talking points in fixed income.

  • Credit spreads and climate solutions: The outlook for climate-focused bond investors

    8 Feb 2024

    For the first time in three years, interest rates should no longer be a headwind for credit markets in 2024, but other forms of uncertainty may affect climate-aware bond investors. Our credit experts discuss the key themes they expect to play out over the coming months.

  • Bond Voyage: A journey into fixed income

    12 Dec 2023

    In this festive instalment of our monthly series, our investment-grade, high-yield, emerging-market and global sovereign bond teams share their thoughts on key topics from across the fixed-income universe.

  • Another brick in the (maturity) wall: The outlook for global high yield

    7 Dec 2023

    The high-yield market is adjusting to a higher-for-longer interest rate environment, and some issuers may struggle to refinance due to rising borrowing costs. But there should be opportunities for discerning investors in 2024.

  • From cash rich to cash strapped? Why the US consumer boom could run out of road

    24 Nov 2023

    Our investment teams explain why buoyant US consumer spending will have to weaken eventually. That could pose problems for debt-laden consumer-facing companies.

  • Bond Voyage: A journey into fixed income

    10 Nov 2023

    In the latest instalment of our new monthly series, our investment-grade, high-yield, emerging-market and global sovereign bond teams share their thoughts on key topics from across the fixed-income universe.

  • Storm before the calm? Emerging-market debt investors eye peak in US rates

    8 Nov 2023

    Carmen Altenkirch and Nafez Zouk report back from the recent International Monetary Fund/ World Bank meetings in Marrakech on the implications for EMD investors. 

Bond Voyage: A journey into fixed income

Each month, our freewheeling fixed-income newsletter gathers insights from our high-yield, investment-grade, emerging-market and global sovereign bond teams.

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