Are high yield investors in for a bumpy ride?
High yield bonds had a strong 2023 but the cracks are starting to show, writes FundCalibre’s Darius McDermott
High yield bonds had a strong 2023 but the cracks are starting to show, writes FundCalibre’s Darius McDermott
Valuations across some parts of the credit market could look stretched
With the central bank now a seller in the market, questions arise over who will buy the record £240bn issuance
Two asset managers have warned that bond investors, particularly those in passive vehicles, are too exposed to duration risk without realising it.
PA asked managers their thoughts on the big issues facing investors in 2017.
Has macro analysis simply become an attempt to second guess what the central banks are going to do?
The mainland’s provident and pension funds should bring up to $610bn into China’s interbank bond market (CIBM) after regulators open it to a wide range of foreign and domestic investors, analysts said.
Bond market sectors are becoming increasingly correlated — and this is bad news for fixed income investors seeking to manage risk through sector diversification.
Expectations for bond market returns through 2016 continue to be modest and investment grade corporate bond markets are still challenging, Invesco has said.
Neuberger Berman has launched a Dublin-domiciled UCITS strategy focused on non-financial corporate hybrid debt.
Stock and bond markets are in danger of extrapolating too gloomy a scenario from recent central bank statements, the situation in China and manufacturing data, argue asset allocators.
With liquidity shrinking, volatility rising and the spectre of a first rate hike since 2009 looming ominously, it would be understandable to think that new bond fund launches would be few and far between.