Podcasts

US labour markets take centre stage: September payrolls, JOLTS and ADP will test hiring momentum, while ISM manufacturing and consumer confidence will gauge the resilience of activity and spending.

When climate indices disagree, is the gap simply noise - or a risk that credit markets price? This paper connects academic research with investment practice to explore climate beta uncertainty in US and European corporate bonds.

AI’s infrastructure boom is drawing some of the world’s largest technology companies deeper into debt markets.

Credit markets have remained resilient, with yields still at interesting levels. But tight spreads, rising bond issuance and growing dispersion mean selectivity is becoming increasingly important.

Credit markets have spent the summer displaying an almost improbable degree of composure. Renewed tensions around the Strait of Hormuz, disruption to tanker traffic and sharp swings in oil prices repeatedly unsettled rates markets, while the continuing war in Ukraine has ensured that geopolitical risk never receded far from view.

Following the technology- and momentum-led correction in July, global equity markets resumed the upward trend seen since the beginning of the year.

Global activity remained resilient in August, though regional divergences persisted.

Solid growth is giving central banks more room to be hawkish.