January 22, 2021 Should Bondholders Keep Faith in Europe’s Banks? by Steve Hussey, Jørgen Kjærsgaard For European banks’ stockholders, 2020 was a year to forget. But bank bondholders enjoyed positive returns and may overcome COVID-19 challenges again in 2021, backed by solid balance sheets and supportive regulatory conditions. Fixed Income Likes 0 SHARE Bookmarks
January 21, 2021 Crisis Dashboard: Big Data Helps Paint the Big Picture (January Update) by Jonathan Berkow, Scott Krauthamer As investors look for signs of a return to normalcy from the coronavirus crisis, they have a dizzying array of indicators to choose from. We’ve assembled a group of signals, with the help of big data, that may point the way. Coronavirus, Economics, Equities, Fixed Income Likes 2 SHARE Bookmarks
January 13, 2021 2021 Municipal Outlook: Reasons for Optimism by Daryl Clements, Terrance Hults, Matthew Norton Municipal bond issuers’ financial health and resiliency—which helped in 2020—should support opportunities for active muni investors in 2021. Fixed Income, Municipals Likes 0 SHARE Bookmarks
January 12, 2021 2021 Outlook: Will Global Credit Be in the Sweet Spot? by Jørgen Kjærsgaard, Tiffanie Wong, Will Smith Credit markets have staged an epic rebound from the depths of March 2020. But in a low-growth, low-yield world, we believe there may be more room to run in 2021. Coronavirus, Fixed Income, Low-Yield Environment Likes 0 SHARE Bookmarks
January 07, 2021 Emerging-Market Sovereigns: Pandemic Aftermath Sets Stage for Cyclical Uplift by Shamaila Khan, Adriaan du Toit Emerging-market sovereign debt has rebounded sharply off the lows, but this hard-hit sector offers attractive yields and compelling growth opportunities to discerning investors. Coronavirus, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
January 05, 2021 2021 Outlook: Bond Investing in the Wake of COVID-19 by Scott DiMaggio, Gershon Distenfeld AB’s Co-Heads of Fixed Income weigh in on systemic risk, areas of opportunity and the hunt for yield in 2021. Coronavirus, Fixed Income, Low-Yield Environment, Volatility Likes 0 SHARE Bookmarks
December 15, 2020 Could Chinese Bond Defaults Benefit Investors in the Long Run? by Jenny Zeng, Hua Cheng Recent SOE bond defaults signal Beijing’s willingness to let markets price risk more accurately. China, Emerging Markets, Fixed Income, Policy & Regulation Likes 0 SHARE Bookmarks
December 04, 2020 A Road Map to the Coming US Economic Cycle by Eric Winograd With a greater level of clarity than we’ve had since the COVID-19 pandemic, we’re getting a better sense of how the US economy might shape up over the next few months, into 2022 and beyond. We see three distinct stages over that time frame. Economics, Fixed Income, Inflation, Low-Yield Environment Likes 0 SHARE Bookmarks
November 30, 2020 Looking Ahead to 2021: Income and Opportunity by Gershon Distenfeld, Matthew Sheridan AB Co-Head of Fixed Income Gershon Distenfeld and portfolio manager Matt Sheridan discuss what the global credit markets may have on offer for 2021. Fixed Income, Low-Yield Environment Likes 0 SHARE Bookmarks
November 17, 2020 Will US-China Relations Shift Under Biden? China Seems to Think So by Mo Ji Consensus appears to be forming among Chinese policymakers that the US-China relationship will change under a Biden administration. We touch on seven expectations. China, Economics, Fixed Income, Trade Wars, US Election Likes 0 SHARE Bookmarks
November 16, 2020 DOL’s Revised DC Investment Rule Removes Potential ESG Sticking Point by Jennifer DeLong, Michelle Dunstan The Department of Labor’s final rule on investment selection for DC plans left out language on ESG-themed investments. It’s a change that erases some confusion and seems to acknowledge that ESG and financial considerations are inseparable. Equities, Fixed Income, Legislative Updates, Multi-Asset, Policy & Regulation, Responsible Investing/ESG Likes 0 SHARE Bookmarks
November 10, 2020 Elections? Vaccines? What They Could Mean for the US Economy by Eric Winograd Two recent developments could have big implications for the US economic outlook: general elections and news of very promising progress on a COVID-19 vaccine. To understand the ramifications, we have to distinguish near term from longer term. Coronavirus, Economics, Fixed Income, US Election Likes 0 SHARE Bookmarks
November 10, 2020 Municipal Bonds: The State of the States by Terrance Hults, Matthew Norton, John Ceffalio, Richard Schwam States face revenue shortfalls from COVID-19 costs and shutdowns. We look under the hood to assess how some of the most indebted states are faring. Coronavirus, Fixed Income, Municipals Likes 0 SHARE Bookmarks