High interest rates, combined with solid credit fundamentals and moderating rate volatility, should support credit markets, says PGIM’s fixed income strategist.
Quality will count in the last quarter of 2023 in both equity and bond markets.
Investors should look at increasing high-quality debt exposure as the economy heads south.
The US asset manager sees the recent sell-off as a good opportunity to generate income by adding back some credit and interest rate exposure in more resilient parts of the yield curve.
Credit investors have waited many years for today’s more attractive yield levels. But slowing growth and recessionary fears may lead to them missing new opportunities, says AllianceBernstein (AB).
Credit markets are generally expensive and the upside to returns is limited, according to Axa Investment Managers (Axa IM).
Ahead of its planned launch of a fixed maturity product, Aberdeen Standard Investments makes the case for emerging market corporate bonds.
This week FSA presents a quick comparison of two emerging market corporate bond funds: the Investec Emerging Markets Corporate Debt Fund and the Pictet Emerging Corporate Bonds Fund.
The number of insolvencies in Singapore is expected to accelerate by 15% to 222 this year from 193 in 2016 – the highest in Asia-Pacific, according to a study by Euler Hermes.
Stronger volatility is coming and credit risks are not properly priced into the market due to investors chasing yield, said Jonathan Xiong, head of the fixed income alternatives group at Goldman Sachs Asset Management.