Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.
Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.
Calculating Customer-Based Corporate Valuation - This report focuses on the customer as the basic unit of analysis in understanding value.
April delivered surprising fixed income results. After rising significantly in March, U.S. Treasuries and most other developed market government bond yields fell measurably.
US and European equities continued their upward momentum. The S&P 500 led the charge in developed markets as expected, reaching new all-time highs, returning 5.3% over the month (USD) and the Euro Stoxx 50 returning 1.9% (EUR).
Vaccines and stimulative policy have made DM’s leaders of global recovery. But we are cautious as record equity issuance and inflows create a tug-of-war.
March was an exciting month if you were investing or following U.S. Treasuries. Yields continued their seemingly relentless climb on the back of unremitting good news on vaccines, economic data and a repricing of Fed policy.
In 2019, we published our Morgan Stanley Investment Management (MSIM) Fixed Income “ESG and Sovereign Fixed Income Investing: A Better Way” approach. We highlighted our thesis that countries’ sustainability performance should be evaluated in the context of their stage of development.
