Opportunities at the longer end of the commercial paper curve?
Short Term Investments Committee
Short duration credit: ride the wave
Fast reading Bond yields have risen to such a level that the carry an investor receives in short duration debt should provide more than adequate compensation for any changes in bond prices. A global approach, trading in multiple currencies, can allow an element of arbitrage to capitalise on opportunities that may arise – between one […]
Making the most of your cash: demystifying the money markets
There is far more to the money markets than is suggested by their reputation as a holding station for cash. The asset class can offer flexibility, diversification, shelter from market volatility and, in an environment of elevated interest rates, they can deliver compelling yield. In this article, we outline what the money markets are, how […]
Federated Hermes Limited expands Liquidity sales team
Federated Hermes Limited has announced expansion of its sales team, with the appointment of Tara-Grace Dougherty as Director – Business Development, UK & Ireland, focused on Liquidity products including money market funds. Alongside equity, fixed income, private markets and stewardship capabilities, Federated Hermes provides a range of liquidity solutions, having launched the first mutual fund […]
Investing in the now
It is hard to live in the present in general, but that is particularly true in business and finance as so much is predicated on what comes next. Whether it is the big ‘E’ in the equation for determining future value or the lower-case ‘e’ of the word itself, expectations rule. But in the case […]
Markets heed data, not Fed Speak
US Federal Reserve Chair Jerome Powell has been talking himself hoarse lately. Ever since he failed to push back against the market’s overly ebullient expectations for rate cuts following the December 2023 policy meeting, he has told anyone who’d listen the Fed isn’t ready to declare victory over inflation. His press conference in January this […]
Sun setting on the tightening cycle
A busy month of news pertaining to the liquidity markets ended on a high note when the US Federal Reserve maintained the target fed funds rate at 5.25-5.50% and pushed the probable first rate hike to late spring at the earliest. Degrees of confidence US Federal Reserve Chair Jerome Powell returned to the word “confidence” […]
Where are the best opportunities at the short end of the curve?
Short Term Investments Committee
Higher for longer
2024 Outlook
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 […]
