Hermes’ Lundie: Short-duration isn’t as safe as you think
Going short-duration, the biggest consensus trade in fixed income, is not the safest bet for bearish investors, Hermes Investment Management’s co-head of credit Fraser Lundie has warned.
Axa’s Iggo: Credit spreads set to widen as Fed unwinds QE
The unwinding of the Federal Reserve’s quantitative easing programme is very likely to see credit spreads widening with an impact on other assets well beyond US treasuries says Chris Iggo, chief investment officer fixed Income, Axa Investment Managers.
Axa’s Iggo: ‘Rock solid’ credit market could crumble
Although investors are behaving like the credit market is “rock solid” Axa Investment Managers’ Chris Iggo cautions they might be more fragile than they appear.
IMF warns of ‘dangerous’ trajectory for Chinese debt
China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt level skews the figures and raises strong concerns, according to the International Monetary Fund.
Hermes’ Lundie: High yield investors in for a nasty surprise
The benign conditions that prompted investors to overlook investment grade fixed income in favour of high yield could soon come to an end according to Hermes’ credit specialist, Fraser Lundie.
Eurozone sovereign bond divergence ‘may signal opportunities’
Recent divergence between eurozone sovereign bond yields may be based more on perception than reality and offer opportunities for investors, according to M&G Investments.
UK Gilts unmoved by £20bn fall in public borrowing
UK gilts were unaffected by the latest public finance figures, despite the fact government borrowing fell to its lowest level in close to ten years.
Hermes finds correlation between ESG and credit spreads
New research from Hermes Investment Management shows a correlation between companies with high ESG scores and low credit default swap spreads.