By
John Tierney
June 10, 2021
In: Hive Exclusives |
Credit
Equities
June 10, 2021
To capture interest income or carry in a low-yield environment, we favour high-yield corporate bonds. We can get exposure to the broad…
By
Sam van de Schootbrugge
April 28, 2021
In: Deep Dives |
Credit
April 28, 2021
A raft of prudential regulations sprung up to protect financial stability in the aftermath of the 2008 Global Financial Crisis. Yet at the onset…
By
Bilal Hafeez
April 15, 2021
In: Hive Exclusives |
Bonds
Credit
Monetary Policy & Inflation
April 15, 2021
This is an edited transcript of our podcast episode with David Riley, Partner and Chief Investment Strategist of BlueBay Asset management…
By
John Tierney
April 09, 2021
In: Hive Exclusives |
Credit
April 09, 2021
Investment-grade and high-yield credit spreads are on the cusp of post-GFC tights. Many worry that rising inflation will push…
By
John Tierney
April 01, 2021
In: Hive Exclusives |
Credit
April 01, 2021
Amid the volatility and uncertainty sparked by a jump in the 10-year Treasury yield, equities and corporate credit markets hit…
By
John Tierney
January 28, 2021
In: Hive Exclusives |
Credit
Equities
US
January 28, 2021
Credit spreads continued to grind tighter in the past month. Investment grade (IG) tightened 6bp to 99bp, and high yield (HY) moved 15bp…
By
John Tierney
January 07, 2021
In: Hive Exclusives |
Bonds
Credit
US
January 07, 2021
The corporate bond market pretty much followed equities in 2020. Spreads gapped out to solid recession levels when the coronavirus…
By
Caroline Grady
November 27, 2020
In: Hive Exclusives |
Credit
EM
Europe
Fiscal Policy & Inequality
FX
Monetary Policy & Inflation
November 27, 2020
At $27.5bn, Turkey’s C/A deficit is not actually that large on a 12-month rolling basis. Two years ago, it was running at more than $50bn…
By
John Tierney
November 12, 2020
In: Hive Exclusives |
Credit
US
November 12, 2020
After trading in a narrow spread range near 500 bp since early October, the corporate bond high yield market has rallied sharply since the…
By
George Goncalves
Dominique Dwor-Frecaut
November 10, 2020
In: Hive Exclusives |
Credit
Monetary Policy & Inflation
US
November 10, 2020
As part of the COVID-19 response, the Fed established a series of lending facilities under Section 13(3) of the Federal Reserve Act…
By
Mehdi Farooq
October 21, 2020
In: Deep Dives |
Bitcoin & Crypto
Credit
October 21, 2020
Decentralised finance (DeFi) is a catch-all term for protocols and applications (dapps) in the cryptocurrency space. Where Initial…
By
John Tierney
October 15, 2020
In: Hive Exclusives |
COVID
Credit
Equities
US
October 15, 2020
All things considered, the economic recovery post Covid lockdown has been stronger than many analysts expected a few months ago…
By
John Tierney
September 24, 2020
In: Hive Exclusives |
COVID
Credit
Equities
US
September 24, 2020
With high yield credit spreads near 540bp, is high yield a buy? Moody’s default rate outlook suggests it is, and that it could…
By
Sam van de Schootbrugge
September 16, 2020
In: Deep Dives |
Credit
September 16, 2020
A new BIS paper finds that Big Tech lenders using big data to assess creditworthiness hold informational advantages over traditional banks…
By
Alina Eidt
September 04, 2020
In: Hive Exclusives |
Credit
EEMEA
Fiscal Policy & Inequality
September 04, 2020
A recent article argued that debt forgiveness for many African governments is inevitable. Investors remain reluctant, too. Since the height…
By
Mehdi Farooq
June 09, 2020
In: Podcast Playlists |
Credit
Economics
Emerging Markets
June 09, 2020
Kenneth Rogoff thinks that it was an appropriate move to increase debts levels to sustain the economy during the pandemic. He does not see the…
By
Dominique Dwor-Frecaut
May 07, 2020
In: Hive Exclusives |
COVID
Credit
US
May 07, 2020
Despite its exceptional size, US policy support could disappoint due to poor targeting. With presidential elections in November, this suggests further…
By
John Tierney
April 16, 2020
In: Hive Exclusives |
Bonds
Credit
US
April 16, 2020
The economic fallout from the coronavirus crisis becomes more apparent by the day. Yet equity markets have rallied impressively off March lows,…
By
Dominique Dwor-Frecaut
April 09, 2020
In: Hive Exclusives |
Credit
Equities
FX
Global
April 09, 2020
I am bearish volatility based on the feasibility of restarting economies without rekindling the epidemic and on the policy response…
By
George Goncalves
March 05, 2020
In: Hive Exclusives |
COVID
Credit
FX
Monetary Policy & Inflation
US
March 05, 2020
In money markets, months, quarters, and even years can pass with little fanfare. And then all of sudden, a new regime sprouts up and events shift rapidly…
By
Bilal Hafeez
March 04, 2020
In: Deep Dives |
Bonds
Credit
March 04, 2020
Forecasting financial crises is difficult. The data comprises a limited set of observed instances and signals a warning only when it is already too late…
By
Mehdi Farooq
February 26, 2020
In: Deep Dives |
Credit
Monetary Policy & Inflation
US
February 26, 2020
When the US economy sneezes, every other country catches a cold. Many investors have long felt this, and in recent years academics have provided…
By
Manan Shah
February 21, 2020
In: Podcast Playlists |
Credit
Investment Strategy
February 21, 2020
David Lebovitz, Global Market Strategist at JPM Asset Management, and Jonathan Seagull, Co-CIO at High Bridge Capital Management, discusses…
By
Dominique Dwor-Frecaut
February 13, 2020
In: Hive Exclusives |
COVID
Credit
Economic Growth
Equities
Labour Market & Inequality
Monetary Policy & Inflation
February 13, 2020
Bad news related to the outbreak of the Novel Coronavirus, COVID19, is unlikely to be fully priced in. Yet over the next few months…
By
Caroline Grady
February 07, 2020
In: Podcast Playlists |
Credit
February 07, 2020
Only two companies in the US currently have a AAA rating (Microsoft and Johnson & Johnson). Previously a much larger number of companies…
By
Mehdi Farooq
January 15, 2020
In: Deep Dives |
Bonds
Credit
Economic Growth
Monetary Policy & Inflation
January 15, 2020
A new paper by Harvard economist Paul Schmelzing, Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311-2018, puts…
By
Bilal Hafeez
December 13, 2019
In: Podcast Playlists |
Credit
Economics
Monetary Policy & Inflation
Rates
US
December 13, 2019
Srinivas Thiruvadanthai, Managing Director of the Jerome Levy Forecasting Center, explains how the Fed’s goal of inflation targeting is responsible for high leverage…
By
Mirza Baig
November 12, 2019
In: Hive Exclusives |
Asia
Bonds
China
Credit
EM
Monetary Policy & Inflation
November 12, 2019
Foreign investors purchased about USD65bn in Chinese onshore fixed income YTD, a record high. Foreigners now own about USD300bn…
