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March’s flare up in geopolitical risk jolted markets, pushing energy prices higher and driving a broad repricing across global bonds and credit. In this video, we break down what moved rates and spreads—and how we’re positioning portfolios to navigate volatility and capture opportunities as dispersion rises.
Las tensiones geopolíticas han provocado un fuerte reajuste en los mercados de la energía, los tipos y el crédito. Las TIRes subieron a medida que las expectativas sobre la inflación y la política monetaria se tornaban más restrictivas, mientras que los diferenciales de crédito se ampliaron, aunque se mantuvieron relativamente resilientes. El equipo Broad Markets cree que los mercados están sobrevalorando el impacto de la inflación y el tono restrictivo de los bancos centrales, mientras que subestiman el impacto sobre el crecimiento.
El equipo Broad Markets Fixed Income sigue de cerca la evolución de la situación geopolítica. En consonancia con nuestro proceso de inversión activo y basado en el valor, evaluaremos los riesgos macroeconómicos junto con la evolución de las valoraciones.
A calm macro start to the year, strong technical demand, and reduced policy uncertainty helped support fixed income markets in January. Where are the best opportunities as we head further into 2026? Watch our video to find out more.
Enero destacó por un contexto macroeconómico notablemente tranquilo y una sólida demanda técnica en los mercados de renta fija. El equipo Broad Markets Fixed Income analiza la situación.
Learn why we’re maintaining a neutral duration stance across developed markets, why we believe EM sovereign and corporate debt remain a standout opportunity and why we remain underweight in IG credit, as we explore the fixed income market in 2026.
Los mercados de renta fija cerraron el año con un amplio reajuste de las expectativas de tipos, ya que las decisiones y los mensajes de los bancos centrales reforzaron una visión más cautelosa de la política monetaria. El equipo Broad Market Fixed Income analiza las implicaciones para la cartera.
With global central banks progressing further into the easing cycle, fixed income markets are entering a more nuanced phase.
Global fixed income markets are entering a more uncertain phase following the Fed’s second consecutive rate cut and delayed U.S. data releases. Watch our latest video to observe how investors can stay flexible and focused on income in our November outlook.
With policy visibility constrained, disciplined security selection, sector diversification, and a focus on quality will be essential as investors navigate the transition toward 2026.
As we enter the final quarter of 2025, the outlook across fixed income sectors reflects cautious optimism amid evolving macro conditions and central bank policy shifts.
The bond market remains in a fragile equilibrium—caught between persistent growth concerns, as reflected in U.S. employment data, and stubborn inflation pressures. The Broad Markets Fixed Income team explains.
As is typical for mid-summer, market activity was subdued and liquidity, thin. The Broad Markets Fixed Income team reviews and explores what may be coming ahead.
Uncertainty continues to create potential opportunities for longer-duration assets in developed markets and value in emerging markets debt and securitized credit. Watch our latest video to find out more.
June was marked by a continuation of the risk on sentiment that began earlier in the quarter, supported by resilient economic data, a modest decline in volatility, and easing geopolitical tension. Will this continue? The Broad Market Fixed Income Team explores.
Risk assets are rebounding, and the global economy is generally weathering the storm of uncertainty. How will the outcome of tariffs impact the near future? Listen to our latest video to find out more.
Despite ongoing trade policy uncertainty, the economy has shown resilience. The Broad Markets Fixed Income team explores how this dynamic affected bonds over the last month, and how it could impact future markets.
Markets remain volatile in the wake of tariff shocks, but economic data is keeping steady. The only sure thing is that investors crave clarity that may take time to come. We explore the implications for fixed income.
April had a rough start, but by the end of the month, it looked a bit unremarkable, at least as measured by market movements. The Broad Markets Fixed Income team explains.
