Vontobel Event “Fixed Income: Unfix your thinking.”
Fixed Income Boutique
Interest rates for fixed-income investments remain low and are showing little sign of picking up.
This is forcing investors to be more creative when it comes to searching for relative value and protecting their portfolios against new and emerging risks.
Our “Fixed Income: Unfix your thinking.” event was held virtually on March 10, 2021. If you missed the live stream, you can watch a replay of the event below:
Presentation Christian Hantel: “Global Credit: How to approach the current market environment”
Presentation Wouter van Overfelt: “Low duration, high spreads and an inefficient market. Is EM Corporate credit truly an active investor’s paradise?”
A propos des auteurs
A propos des auteurs
Sujets :
Fixed Income Boutique
Obligations
Obligations des marchés émergents
Obligations d’entreprises
Viewpoint
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Les obligations d’entreprises en CHF méritent aujourd’hui l’attention des investisseursInsights apparentés
Fixed Income Boutique
Les obligations d’entreprises en CHF méritent aujourd’hui l’attention des investisseurs
Plusieurs tendances observées sur le marché des obligations d’entreprises en francs suisses ont, selon nous, rendu cette classe d’actifs digne de l’attention des investisseurs en quête de revenus stables à un risque relativement faible. Nous examinons de plus près pourquoi nous jugeons cette classe d’actifs attrayante aujourd’hui et expliquons pourquoi nous pensons qu’il est crucial pour les investisseurs de gérer activement leurs portefeuilles.
Fixed Income Boutique
Fundamentals, technicals, and complacency are outweighing uncertainty
The reopening of the Strait of Hormuz has reduced inflation concerns. While tight credit spreads limit upside, fundamentals and technicals remain supportive of fixed income markets. We are modestly constructive but cautious, particularly on private credit, where complacency around liquidity risks appears underappreciated.
Fixed Income Boutique
Beneath the hawkish headlines: What’s next for the European Central Bank, Federal Reserve, and Bank of Japan?
The closure of the Strait of Hormuz reignited inflation concerns and prompted major central banks into a more hawkish stance. While inflation has risen, we believe the shock is temporary, making further ECB and Fed tightening unlikely. An additional hike from the BoJ is likely, in our view, but it risks moving too slowly.
Fixed Income Boutique
Somewhat reopened is good enough for EM fixed income
EM fixed income stayed resilient through the war-induced shock. As oil prices fell, inflation remained contained. Capital inflows resumed after a brief interruption and sovereign rating upgrades continued. We believe the asset class is supported by elevated global risk appetite, attractive local-currency yields, and diversification away from US assets.
Fixed Income Boutique
Credit at a crossroads: AI-driven IG supply, hidden dispersion in HY, and Swiss stability
The investment grade market faces an AI-driven supply surge as hyperscalers reshape credit dynamics. In high yield, surface stability masks elevated issuer dispersion and structural divergence, while CHF markets remain supported by benign inflation, strong demand, and favorable seasonal dynamics.
Fixed Income Boutique
Décrypter la dette des marchés émergents : ce que tout investisseur doit savoir
Les marchés émergents occupent une place toujours plus importante dans l'attention des investisseurs. Mais pourquoi ? Regardez ces vidéos pour avoir une vue d'ensemble.