fixed income

We analyze how China’s economy is influencing inflation rates across the developed and emerging world.

Why we believe a changed macroeconomic backdrop makes an absolute-return investment approach increasingly relevant.

With several key trends set to reach an important climax in 2024, we consider the investment implications.

After two difficult years, we explain why we believe the prospects for bond investors are improving.

We analyze what recent events in Russia could mean for the Ukraine war and Europe’s mid-term inflation outlook.

Our thoughts on First Republic's collapse and what it means for the banking sector.

Can China escape from US-led containment policies?

We analyze the potential consequences of tighter money supply and changing central-bank rate policy

We analyze the prospects for bond markets in 2023.

Bond investors can play a pivotal role in moving the planet to a lower-carbon way of life.

We assess the prospects for UK government bonds

We examine how the Russian leader’s actions have affected the market’s risk premium and what might happen next.

Key (and sometimes surprising) findings from a recent trip to Vietnam.

We analyze potential consequences of new UK fiscal and monetary policy for UK bonds and the wider economy.

We analyze how diverging economies can create opportunities for bond investors with a global mindset.

We explain how our macro-focused investment themes have evolved to deal with a changing geopolitical and economic backdrop.

We examine how the theme of divergence is creating opportunities for global bond investors in the US market.

Feasting on honey or playing with fire?

We examine the long-term global structural impacts of the Ukraine war and Russia’s pariah status.

We assess the possible investment implications of Russia’s invasion of Ukraine.

We assess what the Fed’s latest monetary-policy signaling could mean for bond markets.

We assess central banks’ latest strategies on interest rates as near-term inflation continues to rise.

We assess the mood in bond markets as central banks once again start to focus on tapering quantitative-easing…

We assess the drivers behind unusual recent moves in global bond markets and consider what may happen next.

How sustainable fixed-income investing is growing in prominence, and why an active approach makes sense.

We assess the near and mid-term implications of central-bank and government policy for bond markets.

We discuss how bond markets have responded to the US election.

As the global pandemic fallout continues, we assess the relative merits of developed and emerging-market debt.

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

We analyze the importance of sound governance and disciplined ESG analysis when selecting emerging-market government bonds.

We assess the ramifications of the European Union’s €750bn deal for EU bond markets and the euro.

We assess two potential tail-risk scenarios from the pandemic that could hurt investment-grade bond investors.

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

How the pandemic and rescue packages are changing both corporate behavior and the dynamics of fixed-income markets.

We assess what the European Central Bank’s latest financial rescue package means for European bond markets.

We analyze the impact of Covid-19 on global bond markets in anticipation of the next stage.

Despite yields plunging following the Fed’s coronavirus-motivated rate cut, we believe opportunities still exist in bond markets.

How the spending pledges from the two main British political parties could affect the UK's bond markets.

As street protests spread across the region, is Latin America approaching a tipping point?

As the political deadlock looks set to continue in Spain, we assess the impact on debt markets.

A further Brexit delay and an unpredictable election spell further near-term uncertainty for the UK economy.

As Brexit uncertainty drags on, we assess the potential future consequences for the UK’s debt markets.

What could Boris Johnson’s appointment as UK prime minister mean for bond and currency markets, and Brexit strategy?

The global liquidity party remains very much in evidence, despite the Norwegian central bank’s latest rate hike.

How is the UK’s Brexit waiting game playing out in the bond markets?

As tariffs are hiked again, where does the US-China trade war go from here?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

The Irish and UK prime ministers are experiencing contrasting fortunes as Brexit negotiations rumble on.

Venezuela’s president and opposition leader are deepening a political crisis that could hold major implications for global markets.

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

Which key stress indicators could herald the next market stage for bonds?