Fixed Income

Fixed Income, Monthly Coffee Break

Negative performance across the board

After a respite in July, August saw negative performances across the board for almost all asset classes. In G10 rates, investors in Japan suffered the least (-0.97%), whilst the UK posted the largest losses (-6.36%), followed by EMU peripherals at –5.34%. EMU core markets fared somewhat better at -4.71%, but with a sizeable distance away from US government bonds at -2.73%. Breakevens were positive across the board, although barely so in the eurozone.
Fixed Income, Nicolas Forest

Global Sovereign Bond Yield - Catch them while you can!

Recent rises in inflation -- to levels not seen in decades -- have negatively affected returns across most asset classes. Rate rises have been some of the steepest seen in many decades. In the current environment, as we move further into resolute central bank tightening, we may see a considerable cooling down in global economies.
ESG, Fixed Income, Research Paper, Vincent Compiègne

Sustainable bonds: focus on outcomes

Sustainable bonds are increasingly used to fund specific environmental and social projects, and other sustainable activities. The growth of the sustainable bonds market has been underpinned by issuance from central and regional governments, supranational organisations and corporates.
Fixed Income, Monthly Coffee Break

Geopolitical tensions continue to weigh on investor sentiment

The performance of financial markets improved in May, with US markets posting a positive performance for the first time this year. Equities rebounded from their lows of May 19th and the greenback weakened while EUR/USD rebounded towards 1.07.
Fixed Income, Nicolas Forest

ECB Hike

The time was July 2011. Despite the eurozone debt crisis, Jean-Claude Trichet raised the ECB’s key rate to 1.50%. He needed to combat inflation, which was dangerously close to... 2.50%. We all know what followed, traumatising many a bond investor facing deflation in Europe and the debt crisis in the weaker European nations.
Fixed Income, Monthly Coffee Break

High volatility

The performance of the fixed income asset class was impacted by geopolitics, the rise in inflation and the generally hawkish stance of central banks.
Video, ESG, Fixed Income, SRI, Céline Deroux

Creating tangible change

Lucia Meloni and Céline Deroux share their views about the changes we need to make in business and mindsets to reach a sustainable future.
Fixed Income, Monthly Coffee Break

Strong increase in volatility

Markets moved into a risk-off mode as a result of the ongoing geopolitical turmoil that culminated in Russia’s assault and invasion of Ukraine
Podcast, Fixed Income, Asset Allocation, Macro

Act now, strongly and together

On the heels of Covid-19 and the oil shock, financial markets experienced a third blow yesterday (12 March) with a major confidence crisis. Speeches from US President Donald Trump and ECB President Christine Lagarde have shaken investor confidence in the ability to lead a timely and bold approach worldwide.
Fixed Income, Monthly Coffee Break

Monetary Policy Normalisation

Policy normalisation has remained the focal point over the past several weeks, with the abandonment of negative rates across developed markets.
Fixed Income, Monthly Coffee Break

Policy normalisation at the forefront

Policy normalisation has come to the forefront over the past few weeks, dominating the headlines and markets across the globe.
Fixed Income, Monthly Coffee Break

Central bank rhetoric is turning marginally hawkish

Financial markets witnessed bouts of volatility and mostly negative performance over the month of September as central bank rhetoric turned marginally hawkish on the back of higher inflation data
Fixed Income, Monthly Coffee Break

Strong picture for the G4 countries

The month of August was marked by the highly awaited Jackson Hole symposium, at which Jerome Powell alluded to the beginning of tapering while still maintaining an overall accommodative stance.
Fixed Income, Nicolas Forest

Inflation in Transition?

Nicolas Forest, Global Head of Fixed Income, breaks down inflation scenarios and offers strategies to reduce sensitivity
Fixed Income, Monthly Coffee Break

The eurozone has entered the expansion phase alongside the US

In terms of performance, US govies delivered  positive performance over the past month as US assets generally generated better performance than European ones, with Equities and High yield leading the charge

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