Fixed Income Boutique
Based in Zurich and New York, the Fixed Income Boutique is an active manager aiming to capitalize on market trends and inefficiencies.
Global High Yield Outlook 2023 – A fortunate year for income
Fixed Income Boutique
Greetings from the Global High Yield Bond team! We hope you all have had a nice start to the year in life and in the markets. We are optimistic for a better and positive year in 2023 as we believe investors will focus on the attractive all-in yields and manageable risks.
We expect less volatility in 2023 as investors gain confidence that central banks around the world are nearing the end of interest rate hikes to combat rising inflation. While inflation growth remains quite strong from a historic perspective, it seems to have peaked and is starting to come down. This can lead to a soft landing of economies in developed markets.
High yield markets entered the year at an attractive entry point and investors can enjoy the power of high carry with still solid credit fundamentals. As we turn the page on a challenging 2022, we are hopeful 2023 will be a fortunate year for many things, especially income. Please find more details in our new Global High Yield Outlook.
About the authors
About the authors
Topics:
Related insights
Fixed Income Boutique
What we think changes, what doesn’t, in EM fixed income post-election?
Markets have been on the move since the US presidential election. However, we think lower funding costs thanks to tightening spreads and the prospect of returning flows are proving supportive of EM debt. But there will be winners and losers in the new regime…
Fixed Income Boutique
Fixed income steadies its footing
Find your footing amid ever-changing conditions with Vontobel’s new Fixed Income Quarterly. The launch edition finds our Fixed Income team feeling very balanced, very buoyant, and very bold. Read on to discover why.
Fixed Income Boutique
Why should fixed income investors take the perceived extra risk with emerging markets?
This latest article from Fixed Income explores the potential of Emerging Markets (EM) in the current economic landscape, despite significant outflows and perceived risks. Despite outflows and perceived risks, EMs offer promising opportunities for fixed income investors.
Fixed Income Boutique
What Mexico’s elections could mean for markets
From the potential for maintaining a status quo that has delivered stability and decent returns in the last few years, to the risks of renewed volatility during a potential second Trump presidency, our latest article from Fixed Income on the upcoming elections in Mexico provides a comprehensive analysis.
Fixed Income Boutique
Are Emerging Market Local Currency Bonds in Your Portfolio?
Over the last decade investors have been forced to broaden their horizons, but many investors continue to overlook Emerging Market Local Currency Debt. Our Fixed income team offers five reasons why you should think about giving emerging markets local currency a more permanent allocation in your investment portfolio.
Fixed Income Boutique
Fixed income quarterly update videos
What does the environment look like for Credit in 2024? And what are the fundamentals for emerging-market corporates this year? Wouter Van Overfelt and Mondher Bettaieb-Loriot discuss some of the hot topics for fixed income in emerging markets and developed markets, respectively.