April saw a partial reversal of March’s risk-off move across global fixed income and credit markets as volatility eased following a temporary ceasefire between the U.S. and Iran.
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.
While credit spreads are tight, we believe there are still good values across public fixed income. We discuss our position on duration given the rise in energy prices and worries about inflation. With geopolitical risks on investors minds, we view Emerging Market debt as a good source of carry, with a low correlation to the drivers of U.S. markets.
As active asset managers with a focus on delivering repeatable alpha, we use quantitative tools to enhance our investment process to bring structure and rigour to how we interpret the data that matters for corporate credit markets.
Geopolitische Spannungen treiben die Inflation an - Folgewirkungen auf Energie, Lieferketten und Logistik dürften den Druck langfristig aufrechterhalten. Die Zentralbanken reagieren:
Eine kurzfristige Krise im Nahen Osten kann die Weltwirtschaft verkraften. Eine anhaltende Disruption hätte weitaus schwerwiegendere Folgen.
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.
Das Umfeld für europäische Anleihen bleibt günstig, auch wenn der technologische Wandel neue Herausforderungen mit sich bringt.
Die EZB möchte die Verlustabsorption von Additional Tier 1 (AT1)-Anleihen erhöhen. Den Weg dorthin skizziert Raffaele Prencipe, Fixed-Income-Portfoliomanager von DPAM:
November appeared uneventful on the surface, but beneath the calm, global government bond markets were quietly recalibrating. Across the G7, yields moved sideways as investors absorbed familiar late-cycle signals, incremental data, and routine political noise.
