Fixed Income

Loomis, Sayles & Co. Fixed Income investment experts share what they’ll be watching in 2022, from inflation to shifting China growth, and yield plays.

Green and sustainable bonds constitute the best vehicles on bond markets to accelerate the low-carbon transition.

Three experts at Ostrum discuss financial instruments aiming at thwarting climate change, including green bonds.

Loomis Sayles’ Disciplined Alpha Fixed Income team believes they can produce alpha consistently by understanding where bonds should trade at any given time and making good judgments within a structured process every day.

A quarterly look at data and topics in the syndicated loan market.

An in-depth analysis of the sustainable bond market, its outlook for 2021 and its main drivers.

The long US dollar bull market may be coming to an end.

The Loomis Sayles Core Fixed Income team explains why investment grade fixed income should always have a place in a diversified portfolio, despite a low global interest rates environment.

The ongoing search for yield is leading investors to think outside the box and look at alternative income sources.

Are insurers making a mistake when it comes to their paltry allocation to emerging market (EM) Corporate Debt? Loomis Sayles thinks so.

AEW evaluates the REIT performance under fluctuating interest rate conditions, both long and short, inflation conditions, and credit risk profile of the general corporate sector.

Asia’s Road to Recovery – Uneven but in the Right Direction.

Callable Bonds: which bonds SCR credit calculation method, what is the impact on their use?

A Loomis Sayles expert looks into duration risk, credit fixed-income and intermediate fixed-income.

Long-duration fixed income can play an important role in portfolios attempting to hedge against pension or long insurance liabilities, deflation, equity risk or simply taking a view that long-duration yields will decrease.

Why a rise in regulation and the exogenous shock of a pandemic have skewed the volatility risk premium firmly in investors’ favour.

Investors appear to be focused on the government’s pandemic-related stimulus and vaccination programs, and are questioning inflation expectations and the implications for real yields.

We believe this is an exceptional period in global market monetary policy. In real time we are witnessing several countries using yield curve control (YCC) policies in varying forms.

A quarterly look at data and topics in the syndicated loan market.

Economic and earnings growth may exceed consensus expectations if the global economy continues to accelerate. Though we anticipate higher US Treasury yields, we doubt a modest rise in rates could meaningfully derail credit and equity market performance in the months ahead.

Ostrum AM analyses the impact of the pandemic on the Euro credit market.

A quarterly look at data and topics in the syndicated loan market.

The global economy is transitioning from the downturn phase of the credit cycle into credit repair.

Ostrum Asset Management expert’s economic and market analysis

Ostrum AM has taken a closer look at this market to assess its features, opportunities and limitations of this new product.

Amid high market stress, robust strategies can continue to deliver.

In times of an economic slowdown where businesses are fighting to stay alive, a distressed debt investor has a potentially fertile hunting ground.

How much of the IG market is likely to be downgraded? Possibly a lot more than anticipated just over a month ago.

For investors, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision-making can provide meaningful insights into how and why a particular manager generates alpha.

Q&A with Loomis Sayles Global Fixed Income Portfolio Managers

Consumer asset-backed securitized (ABS) sectors should continue to face headwinds as consumers feel the full impact of the dramatic economic slowdown ignited by the COVID-19 outbreak.

Michael Crowell and Tom Fahey of Loomis, Sayles, & Company look at how periods of maximum uncertainty often make the most attractive entry points.

The extreme shock caused by COVID-19 came at a time when global central bank policies were coalescing toward a more accommodative stance to keep the late expansion phase of the credit cycle going.

Ostrum Private Debt Real Assets team looks into the direct and indirect impacts of the COVID-19 crisis on the infrastructure sector.

Ostrum Asset Management expert’s economic and market analysis.

A quarterly look at data and topics in the syndicated loan market.

If neither the structure of life insurers’ assets changes, nor the level of long-term interest rates, the attractiveness of life insurance for savers may rapidly diminish.

A fixed income alternative in a low rate environment.

A quarterly look at data and topics in the syndicated loan market.

Over 6,500 lines of data have been investigated, spanning back to 2004 to explore a comprehensive set of eight asset classes and their respective traits, highlighting return and volatility over various points in the cycle.

Most asset classes have earned strong total returns year to date and could continue to rally through year-end.

Investors may view emerging markets as particularly vulnerable to volatility, since the asset class typically sees outflows during times of market stress. However, emerging markets are not all one and the same.

Considering the current macroeconomic environment with little expectation for a rise in interest rates in the short term, insurers may want to consider a more dynamic approach to lock in spread levels.

Keving Kearns, Portfolio Manager and Senior Derivatives Strategist at Loomis, Sayles & Co, discusses the diversification and drawdown management benefits arising from balancing interest rates and credit risk through a multi-asset credit strategy.

Understanding Loomis Sayles' approach for investment grade corporates

MV Credit shares their thoughts about the European leveraged loan market

Going into 2019, trend following strategies are positioned for potential change.

VIDEO (34’43) – Vincent Chailley, CIO and portfolio Manager, H2O Asset Management

Many institutions, sovereign wealth funds and family offices ploughed in to government bonds 10-15 years ago when yields were attractive. Those bonds are now maturing and need replacing.

A buy and maintain strategy focuses on a desired level of income and aims to ensure the bond portfolio is not impacted by default risk as interest rates rise and economies overheat.

Ostrum AM uses its long-standing expertise in the management of fixed income products to develop an "Enhanced Beta" strategy that combines the benefits of active management and the smart beta approach.

A good match for fixed income investors' concerns.

Scorecard for unique Enhanced Beta investment strategy.

The high yield market can provide compelling investments within most stages of the economic cycle.

Compared to investment grade bonds, corporate loans provide a sizeable yield pick-up and excellent risk-return characteristics relative to other credit instruments.

Non-US investors could benefit from allocating to US municipal bonds.

Collateralised assets benefit insurers under Solvency II.

How to incorporate SCR constraints into the portfolio allocation for insurer.

Institutional investors embrace risk in pursuit of better returns and yield, finds Natixis Global Asset Management Survey.

Mirova discusses market standards and the lack of a regulatory body for Green Bonds.

Rapid growth of green bonds shows that investors are seizing the opportunity to drive energy transition.

How to get paid for scarce capital and liquidity.

Despite recent volatility, emerging debt still offers the potential of higher returns than developed market bonds.

Insurers need innovative investment strategies in response to regulation and low yields.

Private debt can be a lower-risk, higher-yielding alternative to traditional bonds.

Institutional investors are increasingly attracted by real asset private debt.

Q&A with Dr. Andrew Lo.

Improved assessment of carbon impact could spur ESG investment and drive innovation.

With the rise of artificial intelligence, nanotechnologies and genomics, we are at the dawn of a period of intense technological progress in life sciences.

Seeking to respond to rapid shifts in markets while reducing risk.

A fixed income strategy combining active management and smart beta.

New regulations raise the bar for liquidity management.