Fixed Income

In the past decade or so the additional tier one (AT1) market has experienced occasional semi-cathartic events that naysayers jumped on to pronounce...more

The Case for New European Investment Grade Bond Managers: Asset manager selectors to spend more time researching new managers that can tap into alpha.

Municipal Bonds outperformed most other Fixed Income segments in 2022 but also saw record outflows. Will that change in 2023?

Green Bonds fall into two categories that are used by investors to tilt portfolios towards net zero emissions (NZE) and ESG leaders. But there are issues.

Are Short Duration High Yield Bonds The Best Option Today? Investors see three reasons to lower duration in high yield bond allocations today.

Amid aggressive monetary tightening, the short duration profile of high yield bonds can help defend against rising rates.Short-dated high yield bonds...

The 2023 outlook for the Asset-Backed Securities (ABS) market varies across the many different types of securities backed by different assets. It's mixed.

Where in the rating tables - from CCC to BB - should high yield bond investors be focused in 2023? Here's are global investment managers outlooks for 2023.

The excess yields available from investment-grade and high-yield corporate bonds are beginning to attract “crossover” investors.

Caution is warranted entering 2023, however volatility could present intriguing buying opportunities. Although headwinds persist, the...

Alternative Credit is attracting Private Equity and Real Estate investors. Yields are relatively compelling and mitigate many risks not rewarded today.

In recent years alternative fixed income assets such as mortgage loans, infrastructure financing and private debt have become much more important...

EMD research inside RFPnetworks receives a relatively large proportion of our daily traffic. Currently, there is a lot of new EMD information to digest.

Emerging market local currency bonds have many benefits over EM hard currency bonds. But investors are not ignoring hard currency bonds at today's prices.

An allocation to high-quality, developed market government bonds continues to play an important role in reducing the volatility of a well-diversified...

U.S. Taxable Municipal Bonds are getting noticed by European Investors, including Insurance Companies. They have 5 characteristics that are of interest.

ABS is being considered by treasurers as an alternative to money market funds as a means to manage liquidity, safety and yield over medium term.

The ECB is raising rates, but many argue not fast enough. The ECB's is counter argument is that they are doing what is necessary, only differently.

ESG Bond issuance in 2022 has been much lower than the record breaking 2021. Investors are hoping for new impetus for ESG Bonds from the Energy Transition.

European Investors often allocate to U.S. Loans before European Loans. But right now, European Loans seem to be attracting the most attention.

The case for investing in Municipal Bonds is relatively positive looking at valuations, yields and fundamentals. Investors are taking a closer look.

Municipal Bonds have experienced significant outflows, bringing valuations down to relatively attractive levels compared to Corporate Bonds.

European Loans are being priced at levels that make them look attractive compared to U.S. Loans, and European and U.S. high yield bonds.

Municipal Bond investment managers argue that there are four reasons to take a good look at Municipal Bonds, especially for European Investors.

Emerging Market Debt has had its toughest performance since 1994. Even hard currency EMD struggled. But the outlook for EMD has some good news.

Consumer-focused Asset-Backed Securities (ABS) has the support of tight labour markets and strong household balance sheets. But there are risks ahead.

High Yield performance in 2022 is one of those years that investors will remember. It is the year that active investment managers were put to the test.

Investment grade credit has had a terrible time. But given current yields and the fundamental picture, investors are on the look out for opportunities.

Distressed Emerging Market Debt (EMD) may have been ignored for too long. That may be changing as double digit performance expectations materialise.

First quarter of 2022 sees Global Convertible Bonds, Investment Grade Corporates, and High Yield delivering negative performance. What now?

Syndicated European Loan issuance dried up in March 2022. Which raises the question of where loan investors will go next. The U.S. perhaps?

Investing in bonds when rates rise can be challenging. The classic response is to reduce duration, add floating rate notes and unconstrained strategies.

Agency Mortgage Backed Securities (AMBS) posted negative performance numbers not seen since in almost 3 decades. But are AMBS now oversold.

Companies that have survived by passing inflation onto consumers may be hitting a wall of tolerance. The impact on their credit ratings is now unfolding.

Alternative Credit investing is popular right now. They aim to solve many 60-40 portfolio headaches. But the underlying loans and assets are vary widely.

Quarterly Loan & CLO Returns rarely enter negative territory with only 14 incidents since 2000. Raising the question, what are investors expecting now.

High Yield Bonds are being impacted by inflation, interest rates and on the corporate level by geo-political risks. But alpha can be found in the niches.

Unconstrained Fixed Income may be the solution to current turmoil in fixed income markets. This go anywhere approach could help protect investors now.

Should Fixed Income investors turn to Bank Loans? Read the latest views from senior secured bank loan and CLO investment managers inside RFPnetworks.

For investors with Global EMD asset managers, the question of shifting to a more regional approach to the asset class is starting to gain attention.

Government Bond portfolios are being impacted severely by Central Bank thinking on inflation, growth and employment. Is monetary policy working?

What is the probability that Russia will default after 25 May 2022? And Russian Corporates will continue to pay their external debt?

Short duration bonds may be the solution to the pain being inflicted on portfolios by inflation. Fixed Income portfolio managers give their opinions.

The late stage of a credit cycle can be dangerous for U.S. High Yield Bond investors. Portfolio Mangers give their views on the risks of over-leverage.