China: the growth question
2024 Outlook
Innovators: a catalyst in the making
2024 Outlook
Natural capital: the call of the wild
2024 Outlook
Artificial Intelligence: it’s all in the algorithm
2024 Outlook
Renewables: winds of change
2024 Outlook
All set for lift-off?
market snapshot
The overlooked appeal of short-dated euro corporate debt
A comparison between short-dated and longer-dated investment grade euro-denominated corporate debt suggests front-end investors receive a similar yield and spread, without any deterioration in the credit fundamentals, according to our analysis. While it remains imperative to always approach each issuer on a standalone basis, we believe, the short-dated euro corporate universe provides a particularly compelling […]
Moment of truth
Fast reading: Corporate fundamentals have had a good run – but it may be time to be more cautious. Dispersion could be a key theme for 2024. Credit analysis will come to the fore as an expected economic slowdown winnows out winners from losers. The maturity wall: Not what you might expect. Refinancing should be […]
Insight across the fixed income spectrum
The significant repricing of EMD risk last year provides a pronounced opportunity for attractive forward-looking total returns. Even in an environment where interest rates plateau and dip over the next year, money market funds will continue to offer attractive yields compared to recent history. Federated Hermes real estate debt strategy seeks to deliver a return […]
Not your average credit cycle
Three things we learned: Issuers are preparing for a new normal. Nothing’s written in stone but higher for longer has already profoundly affected credit market fundamentals. Dispersion could be a central theme of 2024. Short-term money markets have not witnessed significant outflows… yet. Expectations are for asset growth to continue into 2024 but will be driven by institutional […]
