Banks have done their part – now will markets catch up
Bank bonds have been amongst the best performing asset classes in fixed income over the last few months, doing their bit in proving their strength.
Insights Topic
US
Reinvestment risk growing, along with the soft landing narrative
What level of risk are investors willing to take? As central bank rates hike and a soft landing narrative makes its way into analysts’ forecasts, Eoin Walsh takes a look at what affects this has on investment risk and reinvestment risk.
Soft landing narrative taking hold
What sort of landing will the global economy experience? With the recent release of the US CPI report, inflation has been on a downward trend and the resilient activity data has continued to surprise many. This report has acted as a trigger of sorts for increasing calls for a soft landing.
US debt - stuck in a vicious cycle
In recent weeks the US debt ceiling has been dominating headlines with investors focused on the imminent threat of a US default which would be extremely unnerving for global markets. We look at the wider implications facing the US economy.
Fed minutes: A tale of two camps
What do the release of the Fed minutes tell us about the forward path for monetary policy? Danny Zaid argues that for market participants looking for clarity, the minutes, provide more questions than answers.
US corporate earnings: On par
As we come to the end of a much anticipated earnings season what are the key takeaways?
Financial conditions tighten further but could have been worse
Following the publication of the Senior Loan Officer Opinion Survey, Felipe Villarroel highlights what caught our attention in the report and if it signals further tightening of financial conditions.
Labour markets continue to cool off
Partner and Portfolio Manager Felipe Villarroel looks at new labour market data from the US and why this is good news for the Fed.
Bank results should see levels begin to normalise
With the US bank earning season having begun last Friday, Dillon Lancaster believes this could be a catalyst to help spreads begin to recover.
Tighter financial conditions might herald end to rate hikes
Is the end of rate hikes near for the US? Concerns over regional banks and a weakening labour market are raising questions about the Fed's next move.
What is in the price of AT1s after the sell off?
After a volatile few days in bank capital, Felipe Villarroel looks at how AT1s are pricing after the sell off.
Why short dated IG is the “best game in town” for 2023
2022 was the worst year for bonds in living memory. So, could 2023 be similarly bad for other asset classes? Chris Bowie looks at the case for short dated investment grade credit for 2023.