Fixed income focus 2021

As global fixed income investors start to look beyond pandemic pressures, what can investors expect from 2021 and what is the outlook for inflation, interest rates and growth? Our investment professionals consider what the year ahead might bring 

Behind the curve?

What do historically low interest rates mean for bond markets and could an anticipated post-pandemic market recovery spur new inflationary pressures? Here, Newton head of fixed income Paul Brain considers the outlook for fixed income investors.

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Taking flight

A raft of recent US investment grade bond downgrades amid waves of market volatility is creating a potentially ripe area of investment for so-called fallen angels. In a special Q&A with Mellon senior portfolio manager Manuel Hayes we ask: can this trend be sustained and what are its key drivers?

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Life after LIBOR

A replacement to the London Interbank Offered Rate (LIBOR) is on its way. Read on to learn why it matters and where the industry is on the replacement timeline.

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The record breakers

Levels of US corporate debt issuance smashed expectations in 2020 say Mellon head of index Stephanie Hill and senior investment strategist Theodore Bair. Here, they reflect on some dramatic market moves and factors likely to influence its future direction.

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EMCD: corporate attractions

With attractive headline yields providing a cushion against rising US Treasury rates and buoyant default expectations at a time of heightened global uncertainty, this might be a watershed moment for emerging market corporate debt (EMCD).

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After the storm

After enduring a turbulent financial year, many loan sector investors are already looking beyond the Covid-19 pandemic to future opportunity amid growing signs of market recovery. Here Alcentra acting co-chief investment officer of liquid credit Chris Barris and acting co-chief investment officer of liquid credit Graham Rainbow survey the lending landscape.

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A new deal?

With many companies now moving to reduce the debt they issue against an uncertain market backdrop. Insight Investment portfolio manager Gautam Khanna explains why this is happening and what it might mean for bond investors

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