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Richard Edgar
Podcast 40 min listen

Rich Pickings podcast: Asia and Latin America are reshaping the world for investors

Richard Edgar is joined by Fidelity International experts to discuss how Asia and Latin America are reshaping the world for investors.

Richard Edgar + 5 others | 19 February 2024

Kris Atkinson
Article 1 min read

Chart Room: Sterling investment grade offers sanctuary to income seekers

Yields on IG corporate debt look attractive after a difficult period for fixed income. This is useful at a time when it makes sense to act defensively.

Kris Atkinson + 1 other | 9 February 2024

Catherine Yeung
Podcast 30 min listen

The Investor's Guide to China podcast: China's bond market

Catherine Yeung and Marty Dropkin tackle a topic that often flies under the radar, but could in fact hold great potential for investors: China’s bond market.

Catherine Yeung + 7 others | 7 February 2024

Morgan Lau
Article 2 min read

Chart Room: China’s booming panda bond market not so black and white

The panda bond market boomed in 2023. But the market still faces hurdles, including poor liquidity and competition from the offshore ‘dim sum’ bond market.

Morgan Lau + 1 other | 15 December 2023

Lei Zhu
Article 4 min read

Axing the ‘ex-Japan’: a new era for Japanese bonds

Tailwinds from index reform to rate-hike expectations are lifting Japan's bond market from the doldrums, breathing new life into what was a dull backwater.

Lei Zhu + 3 others | 5 December 2023

Richard Edgar
Podcast 55 min listen

Rich Pickings podcast: Outlook 2024

Richard Edgar is joined by Fidelity's heads of investment to discuss the investment outlook for 2024.

Richard Edgar + 8 others | 19 November 2023

Chris Ellinger
Article 2 min read

Chart Room: Cash, the once and future king

After a flood of capital into cash investments this year a look at forward interest rates suggests cash as king could reign for a while.

Chris Ellinger + 3 others | 2 November 2023

Peiqian Liu
Article 2 min read

China signals growth resolve with trillion-yuan bonds

China has announced the issuance of 1 trillion yuan ($140 billion) of special government bonds to help local governments struggling with debt.

Peiqian Liu | 25 October 2023

Paul Greer
Article 4 min read

Emerging markets and the climate financing gap: how to plug the shortfall

Emerging markets are among the nations most exposed to the environmental crisis they have the fewest resources to adapt. Sustainable debt markets could help.

Paul Greer + 1 other | 18 October 2023

Steve Ellis
Article 2 min read

Chart Room: Catching the turn on bond yields

Chart Room: Catching the turn on bond yields, Fixed Income CIO Steve Ellis discusses the recent bond sell-off.

Steve Ellis + 1 other | 5 October 2023

Christian Wild
Article 3 min read

Far from last orders

One in five pubs in Britain has closed, prompting a national outcry. But rising retail prices and falling energy costs may put the industry on a better footing

Christian Wild + 2 others | 5 October 2023

Kris Atkinson
Article 2 min read

Gilt markets look too bearish

UK Gilt markets are pricing in further increases in yields. But the economic data suggest this view is too pessimistic.

Kris Atkinson + 4 others | 24 August 2023

Vanessa Chan
Article 2 min read

Chart Room: Watching for cracks amid pressure on China’s local government finances

Some of China’s local government financing vehicles are struggling to service their debts, but not all LGFVs are created equal.

Vanessa Chan + 2 others | 24 August 2023

Daniel Ushakov
Article 2 min read

Chart Room: The return of 60/40?

Chart Room: The return of 60/40?

Daniel Ushakov | 16 August 2023

Liz Brockway
Article 3 min read

Chemicals destocking: cross-asset analysts remain positive on 'unprecedented' cycle

Chemicals destocking: cross-asset analysts remain positive on 'unprecedented' cycle

Liz Brockway | 26 July 2023

Andrei Gorodilov
Article 2 min read

Chart Room: Putting the high back into high yield

The era of ultra-low coupons in the European high yield bond market is coming to an end, but higher financing costs also means elevated risk for businesses

Andrei Gorodilov + 2 others | 21 July 2023

Ark Huang
Article 3 min read

Fundamentals: Navigating China’s $10 trillion local government debt market

Fundamentals: Navigating China’s $10 trillion local government debt market

Ark Huang + 2 others | 20 July 2023

James Durance
Article 3 min read

Playing offense on income funds

Playing offense on income funds

James Durance + 2 others | 22 June 2023

Lei Zhu
Article 4 min read

Selling like hot chilli crab: a look at Singapore’s local bond boom

While debt issuance has slowed around the world, the Singapore dollar bond market is in a pocket of growth driven by policy tailwinds and an influx of funds.

Lei Zhu + 3 others | 19 June 2023

Peter May
Article 1 min read

Chart Room: Credit markets focus again on fundamentals

Fidelity's model shows factors associated with credit fundamentals and valuations have contributed more than sentiment to investment returns since the pandemic

Peter May + 2 others | 15 June 2023

Kris Atkinson
Article 3 min read

Blue bonds and the ocean funding gap

‘Blue bonds’ that invest in ocean conservation may eventually replicate the success of their green (land-based) counterparts. But a win is not guaranteed.

Kris Atkinson | 8 June 2023

Michael Gaynor
Article 4 min read

Fundamentals: When boring banking is better

Fundamentals: When boring banking is better

Michael Gaynor + 2 others | 30 May 2023

Stephen Whyman
Article 2 min read

Chart Room: Is ‘higher for longer’ the new normal for funding costs?

Chart Room: Is ‘higher for longer’ the new normal for funding costs?

Stephen Whyman + 1 other | 11 May 2023

Richard Edgar
Podcast 46 min listen

Rich Pickings podcast: Preparing portfolios for climate risk

What impact will climate change have on portfolios?

Richard Edgar + 5 others | 3 May 2023

Andrew McCaffery
Article 2 min read

Quarterly Outlook: Navigating the polycrisis - Part II

In Fidelity's latest quarterly outlook, we believe that recession over the next 12 months looks increasingly likely across developed markets.

Andrew McCaffery | 28 March 2023

Steve Ellis
Article 2 min read

The Fed can’t paint over the cracks for long

Fidelity International's Chief Investment Officer for fixed income on what the SVB collapse means for the Fed and monetary policy.

Steve Ellis + 1 other | 15 March 2023

Gita Bal
Article 5 min read

Analyst Survey 2023: Companies prepare for a world after cheap financing

Companies prepare for a world after cheap financing

Gita Bal + 2 others | 6 February 2023

Richard Edgar
Podcast 34 min listen

Rich Pickings podcast: Outlook 2023 - navigating the polycrisis

Richard Edgar is joined by Fidelity's cross-asset investment team to discuss the 2023 Outlook.

Richard Edgar + 6 others | 16 December 2022

Catherine Yeung
Podcast 32 min listen

The Investor's Guide to China podcast: China's Onshore Markets

China's economy and its markets have faced a number of headwinds in 2022. Slowing growth, geopolitical uncertainty, the impact of the country's Covid policy

Catherine Yeung + 8 others | 12 December 2022

Becky Qin
Article 1 min read

Chart Room: Credit markets look cautious to a (de)fault

Markets are pricing too much bad news into investment grade bonds, especially now that inflation appears to have peaked.

Becky Qin + 1 other | 8 December 2022

Helen Huang
Article 5 min read

Are private savings the answer for China’s ageing masses?

China's new ‘third pillar’ private pension scheme could reshape both ordinary people’s retirement plans and the country's asset management industry.

Helen Huang + 2 others | 30 November 2022

Fidelity International
Article 2 min read

Fidelity International China Stewardship Report 2022

Gaining traction: Fidelity International China Stewardship Report 2022. A proprietary study of shareholder stewardship, voting and engagement trends in China.

Fidelity International | 23 November 2022

Salman Ahmed
Article 5 min read

New world, new playbook

We move into 2023 in a changed world, and the opportunities and challenges will be different for investors going forward.

Salman Ahmed | 23 November 2022

Fidelity International

Outlook 2023: Download the assets

Find Fidelity International's full 2023 Investment Outlook here

Fidelity International | 11 November 2022

Steve Ellis
Article 3 min read

Fixed income 2023: A new era for interest rates

Bond yields are finally starting to look attractive again but are they priced for the scale of the downturn ahead?

Steve Ellis | 11 November 2022

Steve Ellis
Article 3 min read

Bonds are back in town

For over a decade, one of the main cards in investors’ pack - solid and steadily yielding government bonds - has been off the table. That era has ended.

Steve Ellis | 7 November 2022

Fidelity International
Article 4 min read

Time to look beyond market turmoil and focus on China’s long-term growth

Time to look beyond market turmoil and focus on China’s long-term growth

Fidelity International | 27 October 2022

Richard Edgar
Podcast 29 min listen

Rich Pickings podcast: Keeping cool heads in volatile times

Portfolio Managers Charlotte Harington and Ian Fishwick join Richard Edgar to discuss what investors can do in these times of turmoil.

Richard Edgar + 5 others | 20 October 2022

Andrew McCaffery
Article 4 min read

Q4 Investment Outlook: Into the unknown

Fidelity International's Q4 Investment Outlook looks at the increasing likelihood of a hard landing.

Andrew McCaffery | 7 October 2022

Steve Ellis
Article 2 min read

The Fed’s dilemma in three charts

The risk that the Fed will go too far in trying to bring inflation under control is becoming more acute.

Steve Ellis + 1 other | 30 September 2022

Richard Edgar
Podcast 34 min listen

Rich Pickings podcast: Where next for the UK?

Four of Fidelity's investment team join Richard Edgar to discuss where next for the UK after a week of market turmoil.

Richard Edgar + 5 others | 30 September 2022

Steve Ellis
Podcast 16 min listen

Fed hike: What you're missing from the inflation narrative

Fidelity's Chief Investment Officer for Fixed Income Steve Ellis shares his views on the unexpected consequences of the Federal Reserve's rate hike cycle.

Steve Ellis + 3 others | 23 September 2022

Steve Ellis
Article 3 min read

Watch where you step as defaults set to rise

Fidelity’s projected credit spread premium model suggests high yield investors may be taking on more risk than they are being paid for.

Steve Ellis + 2 others | 20 September 2022

Taosha Wang
Blog 2 min read

Chart Room: China takes own path in a tightening world

China is bucking the trend towards higher interest rates, and the resulting yield divergence has huge implications for bond investors and currency markets.

Taosha Wang + 2 others | 15 September 2022

Andrew McCaffery
Article 3 min read

Q3 Investment Outlook: The Great Reset

Central banks have tried to strike a balance between reducing inflation by tightening financial conditions and mitigating the impact on economic growth.

Andrew McCaffery | 7 July 2022

Gita Bal
Article 5 min read

Corporates weigh the cost of long-term Russia exits

Our latest Fidelity International Analyst Survey suggests that for many companies Russia may be un-investable for years to come

Gita Bal + 2 others | 5 May 2022

Andrew McCaffery
Article 3 min read

Q2 Asia Investment Outlook: Region sees opportunity amid volatility

Fidelity International's investment outlook for the second quarter for Asia sees regional opportunity amid the global volatility

Andrew McCaffery | 10 April 2022

Andrew McCaffery
Article 5 min read

Q2 Investment Outlook: The “Grand Chessboard” reconfigured; stagflation risks intensify

The global order is reconfigured and stagflation risks intensify.

Andrew McCaffery | 10 April 2022

Alvin Cheng
Article 5 min read

China as a new safe haven?

Looming stagflation and war effects have global investors searching for havens. China represents a less conventional option with diversification benefits.

Alvin Cheng + 3 others | 4 April 2022

Fidelity International Global Macro & Asset Allocation Team
Blog 2 min read

Chart Room: Fingers in the punch bowl

Central bankers seeking to deploy rate hikes against inflation risk collateral damage as tighter policy threatens already swollen debt servicing costs.

Ben Traynor
Blog 3 min read

Chart Room: 2021’s long goodbye to transitory inflation

Five charts that show the inflationary impact of 2021’s reopening cycle

Ben Traynor | 16 December 2021

Paras Anand
Podcast 43 min listen

The Investor's Guide to China podcast: Demographics

China’s labour pool is shrinking as the population ages. How people save and invest signals challenges and opportunities for China’s pension system.

Paras Anand + 10 others | 23 November 2021

Steve Ellis
Article 4 min read

Don’t get bearish on duration yet

Record debt levels mean central banks cannot normalise aggressively.

Steve Ellis | 19 November 2021

Henk-Jan Rikkerink
Article 2 min read

Waiting for more certainty

We are optimistic about equities over the next 12 to 18 months. Growth and earnings will be respectable but momentum is slowing.

Henk-Jan Rikkerink | 19 November 2021

Steve Ellis
Article 4 min read

Don’t get bearish on duration yet

Record debt levels mean central banks cannot normalise aggressively.

Steve Ellis | 18 November 2021

Henk-Jan Rikkerink
Article 2 min read

Waiting for more certainty

We are optimistic about equities over the next 12 to 18 months. Growth and earnings will be respectable but momentum is slowing.

Henk-Jan Rikkerink | 18 November 2021

Martin Dropkin
Article 7 min read

China Green bonds: sprouting issuance, absent greenium

A key advantage of China’s onshore green bonds that sets them apart from other markets is the lack of price premium over comparable non-green issues.

Martin Dropkin + 4 others | 1 November 2021

Terrence Pang
Blog 3 min read

Time to look beyond Evergrande and China’s ‘too big to fail’ era

Property giant China Evergrande’s woes are better understood as a controlled explosion, rather than an unexpected disaster.

Terrence Pang + 3 others | 24 September 2021

Paras Anand
Article 2 min read

‘Lehman moment’ fears are wide of the mark in China Evergrande fallout

Property developer China Evergrande Group’s debt issues have rattled markets, but comparisons to a ‘Lehman Brothers moment’ look overstated and misdirected.

Paras Anand | 24 September 2021

Eric Wong
Article 4 min read

Asia eyes a tantrum-free taper this time

A faster-than-expected tapering by the Federal Reserve remains a risk for Asian bond markets, but investors have been reassured by the latest policy signals.

Eric Wong + 3 others | 7 September 2021

Lucette Yvernault
Article 3 min read

Generating excess returns with value investing in bonds

Generating excess returns with value investing in bonds

Lucette Yvernault + 1 other | 4 August 2021

Paras Anand
Article 4 min read

After the selloff, what next for China equities?

A spate of regulatory actions across several sectors in China rattled markets and sent shares tumbling, but some of this selling appears overdone.

Paras Anand + 2 others | 29 July 2021

Martin Dropkin
Blog 4 min read

Credit risk at China’s SOEs in focus amid Huarong saga

China’s bond and equity markets have been rattled by concerns that state-owned enterprises could face greater default risk.

Martin Dropkin + 4 others | 4 June 2021

Nathan Sribalasundaram
Article 5 min read

Why India’s ‘fallen angel’ risk is rising

India’s ballooning debt levels amid a structural growth slowdown have raised the risks of an imminent downgrade by credit ratings agencies.

Nathan Sribalasundaram + 2 others | 19 April 2021

Timothy Foster
Blog 2 min read

Chart Room: A Goldilocks spot for inflation-linked bonds

We see a sweet spot in inflation-linked bonds with maturities ranging from 1 year to 10 years.

Timothy Foster + 1 other | 18 March 2021

Steve Ellis
Blog 2 min read

Chart Room: A liquidity tide for the record books

2020 brought us new high-water marks in the US for both money supply growth and the personal savings rate.

Steve Ellis | 13 January 2021

George Efstathopoulos
Article 2 min read

Chart Room: China government bond yields catch their breath

Chart Room: China government bond yields catch their breath

George Efstathopoulos + 1 other | 17 December 2020

Steve Ellis
Article 4 min read

Fixed income in 2021: Monetary policy to the rescue, but duration tantrums are possible

Central banks will want to keep financing costs low given high debt levels, but may not act before a duration tantrum.

Steve Ellis | 27 November 2020

Alvin Cheng
Blog 3 min read

China bond defaults signal a coming of age as state safety net shrinks

Bond defaults by state-owned enterprises have rattled China’s onshore credit markets. We see this as an important if painful step in curtailing moral hazard.

Alvin Cheng + 1 other | 24 November 2020

James Durance
Blog 3 min read

European high yield: The curious case of the defaults that didn’t happen

At the height of the March crash, defaults looked set to soar. The reality turned out to be very different.

James Durance + 1 other | 12 November 2020

Paras Anand
Blog 3 min read

The hidden dragon of 2020

As global investors scramble to digest paradigm shifts, another change of seismic scale has gone under-noticed in a year full of twists and turns.

Paras Anand | 27 October 2020

Katsumi Ishibashi
Article 4 min read

A to-do list for Japan’s next prime minister

Ensuring fiscal and monetary policy continuity while overseeing Japan's response to the Covid-19 crisis will be top priorities for Shinzo Abe's successor.

Katsumi Ishibashi | 3 September 2020

James Durance
Blog 4 min read

Overweight autos: The road less travelled

Despite the risks, we believe that the auto sector now presents an investment opportunity.

James Durance + 1 other | 14 August 2020

Stuart Rumble
Blog 1 min read

Chart Room: European banks’ CoCo bonds soar while equities slump

The average European bank capital ratio has never been stronger. This has led to a stark contrast in returns across bank capital structures.

Stuart Rumble + 3 others | 6 August 2020

Martin Dropkin
Blog 4 min read

July’s Fidelity International Pulse Survey: Falling costs find some support

July’s Fidelity International Pulse Survey: Falling costs find some support

Martin Dropkin + 2 others | 16 July 2020

George Efstathopoulos
Blog 1 min read

Chart Room: Why China government bonds have underperformed other markets

China government bond yields are diverging from other major government bond markets.

George Efstathopoulos + 3 others | 15 July 2020

Fiona O'Neill
Article 5 min read

Fidelity International Pulse Survey: 10 months of disruption remain

Fidelity International’s June survey of 149 analysts finds that activity in most sectors and regions is expected to return to a stable level in under a year.

Fiona O'Neill + 2 others | 18 June 2020

Rick Patel
Blog 3 min read

Is the US turning Japanese?

A higher post-coronavirus savings rate in the US risks pushing the country into a low growth spiral similar to that which first ensnared Japan 30 years ago.

Rick Patel | 27 May 2020

Steve Ellis
Blog 5 min read

Defying gravity: How long can monetary-driven markets ignore economic reality?

How long can central bank stimulus enable markets to defy gravity from Covid-19 reality?

Steve Ellis + 1 other | 21 May 2020

Andrew McCaffery
Article 2 min read

The New Economic Order

We believe the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.

Andrew McCaffery + 3 others | 5 May 2020

Lars Salmon
Blog 1 min read

Liquidity briefing: Still on the right track

Liquidity remains on the right track, especially in markets that have benefited from central bank action, but is still lower than pre-coronavirus standards.

Lars Salmon + 1 other | 24 April 2020

Alvin Cheng
Article 4 min read

A shelter from the storm, for now: China’s bond market set to open further

When global fixed income investors scrambled for cover last month, China’s onshore bond market was a rare haven with low volatility and no liquidity crunch.

Alvin Cheng + 5 others | 23 April 2020

Lars Salmon
Blog 1 min read

Liquidity briefing: Further signs of improvement

Central bank measures have helped improve liquidity conditions.

Lars Salmon + 1 other | 17 April 2020

Martin Dropkin
Article 3 min read

Fidelity Pulse Survey: The coming solvency squeeze

The global shutdown will put a significant dent in corporate earnings this year, according to 150 Fidelity analysts surveyed this month.

Martin Dropkin + 2 others | 14 April 2020

Martin Dropkin
Article 1 min read

Downgrade risks when zombies become fallen angels

The high yield bond market prepares for an influx of downgraded investment grade debt.

Martin Dropkin + 1 other | 9 April 2020

Andrea Iannelli
Blog 1 min read

Liquidity briefing: Signs of easing

Liquidity briefing: Signs of easing

Andrea Iannelli | 9 April 2020

Ming Gong
Blog 4 min read

Delayed demand making its return to China’s property market

New home sales are recovering faster than expected in China. This has big implications for domestic demand and the macroeconomic outlook.

Ming Gong + 2 others | 8 April 2020

Eric Wong
Blog 2 min read

Strong underpinnings to Asia’s investment grade bond market

Asia’s investment grade bond market looks attractive as we continue working through the Covid-19 outbreak, and global coordinated stimulus take effect.

Eric Wong + 2 others | 3 April 2020

Steve Bramley
Blog 4 min read

Finding opportunities in fixed income markets

Dislocations in credit valuations present an opportunity for active managers to add exposure selectively in specific areas.

Steve Bramley | 1 April 2020

Tim Foster
Blog 2 min read

Inflation expectations close to nadir

Low Inflation expectations mean breakevens nolw look attractively priced

Tim Foster + 1 other | 1 April 2020

Andrea Iannelli
Blog 1 min read

Liquidity briefing: Spread levels improve

A market liquidity update from the Fixed Income team at Fidelity

Andrea Iannelli | 27 March 2020

Andrew McCaffery
Blog 4 min read

Andrew McCaffery + 2 others | 20 March 2020

Ario Emami Nejad
Article 4 min read

European IG: With volatility comes opportunity, but discipline is key

Recent price dislocations means the long run return potential of European investment grade bonds is positive, but prepare for continued volatility

Ario Emami Nejad | 18 March 2020

James Durance
Blog 2 min read

Will ECB's Lagarde reach for the bazooka to avoid European liquidity crisis?

Tomorrow Christine Lagarde, head of the ECB, gets her chance to calm markets. Will she reach for the bazooka?

James Durance | 11 March 2020

Rick Patel
Blog 4 min read

Coronavirus: Seven themes to watch in bond markets

Ways to judge how long this episode may last.

Rick Patel + 2 others | 3 March 2020

Jennifer Jackson
Blog 4 min read

How to avoid the bond 'greenium'

The recent rush for green bonds has often made them more expensive than ordinary bonds, despite offering the same returns.

Jennifer Jackson + 1 other | 25 February 2020

Bryan Collins
Blog 5 min read

How to navigate China's economic lockdown

The Covid-19 coronavirus outbreak has delivered an exogenous shock to China’s economy, one that has ramifications for global growth.

Bryan Collins | 19 February 2020

Sajiv Vaid
Blog 2 min read

BOE shies away from insurance cut and prays for sustainable growth

The BoE held rates at its first meeting of the new year and its last before the UK leaves the EU

Sajiv Vaid | 30 January 2020

Sajiv Vaid
Blog 2 min read

Sterling investment grade set to outperform US/Euro bonds

With reduced political uncertainty, fundamental credit considerations will once again frame returns for the sector.

Sajiv Vaid + 1 other | 9 January 2020

Steve Ellis
Video 4 min watch

CIO Outlook video: Steve Ellis on Fixed Income

With core bond yields likely to remain low, we expect further inflows into areas of fixed income with more attractive yields such as emerging markets debt.

Steve Ellis | 19 December 2019

Fidelity International
Video 45 min watch

Fidelity International on Asset TV - Asia Fixed Income

Luc Froehlich, Global Head of Investment Directing Fixed Income, features on this Asia Fixed Income Masterclass panel.

Fidelity International | 16 December 2019

Andrea Iannelli
Blog 3 min read

Lagarde brings her “own style” to the ECB

Lagarde kept policy unchanged at the ECB

Andrea Iannelli + 1 other | 12 December 2019

Wen-Wen Lindroth
Blog 2 min read

Rates unchanged as Fed engineers soft landing

The Federal Reserve leaves rates unchanged as Chairman Jerome Powell says US economy is 'in a good place'

Wen-Wen Lindroth | 11 December 2019

Paul Greer
Article 3 min read

Emerging market debt in the 2020s: Green trade wars and a land of opportunity

What will the next decade bring for emerging market debt investors?

Paul Greer | 6 December 2019

Andrei Gorodilov
Blog 1 min read

Silver linings for European high yield despite coupon erosion

High yield investors are still getting compensated relative to other assets and low rates have allowed for easier refinancing and improved issuer liquidity.

Andrei Gorodilov | 14 November 2019

Tim Foster
Article 2 min read

Fed cuts again but stays mute on future path

The US Fed cut rates by 25 basis points, the third cut this year. This week's meeting was hotly anticipated for any clues as to the further path of rates.

Tim Foster | 30 October 2019

Sajiv Vaid
Blog 2 min read

Low bond yields are here to stay, even if fiscal stimulus returns

Even if fiscal stimulus makes a return, we think low bond yields will stay because of central bank action and late-cycle effects

Sajiv Vaid | 30 October 2019

Paras Anand

The Investor's Guide to China podcast: Corporate governance

The Investor's Guide to China podcast: Corporate governance

Paras Anand + 2 others | 24 October 2019

Peter Khan
Blog 3 min read

Further Fed easing could create opportunities in credit

As the Fed eases, credit investors should prepare for widening spreads that offer better entry points, increasing their odds of producing excess returns.

Peter Khan | 17 October 2019

Paras Anand
Blog 3 min read

What Warren Buffett gets wrong about gold

Contrary to Warren Buffett’s complaints about gold, it’s constantly offering useful insights if you look closely enough.

Paras Anand | 2 October 2019

Sajiv Vaid
Blog 2 min read

BOE holds steady but case for rate cut is compelling

The Bank of England (BoE) left rates unchanged but the case for an 'insurance cut' is compelling in the face of weak growth and Brexit uncertainty.

Sajiv Vaid | 19 September 2019

Ario Emami Nejad
Blog 3 min read

ECB’s QE: Not enough to boost Eurozone bond markets

Modest size of ECB's new QE programme will be too inadequate to support the broader Eurozone government and corporate bond markets.

Ario Emami Nejad | 16 September 2019

Alvin Cheng
Article 4 min read

No pain, no gain: Chinese defaults are rising and recovery rates are falling

Part of a white paper offering in-depth research on defaults in China - why they are happening and what investors should do about it.

Alvin Cheng + 4 others | 16 September 2019

Gary Monaghan
Article 9 min read

For and against China as a standalone allocation

What are the different factors in asset allocation and portfolio construction that investors should consider when looking at China on its own?

Gary Monaghan + 3 others | 16 September 2019

Tom Ackermans
Blog 3 min read

ECB fires an 'open-ended' salvo

The ECB announced a wide-ranging 'easing' package, including a rate cut and a restart of its QE programme.

Tom Ackermans | 12 September 2019

Andressa Tezine
Blog 1 min read

Room for upside for next Argentinian government

The next government could surprise to the upside as many tough political decisions have already been taken.

Andressa Tezine | 2 September 2019

Andressa Tezine
Blog 2 min read

Primary election result in Argentina may reverse business-friendly policies

Macri's shock defeat could trigger contagion to other Latin American economies.

Andressa Tezine | 12 August 2019

Ian Samson
Blog 3 min read

ECB signals further cuts and a new round of QE in September

The dovish outlook, coupled with prospects of a further stimulus, is expected to fuel the demand for yield that we have seen so far this year.

Ian Samson + 1 other | 25 July 2019

Ian Samson
Blog 2 min read

China data improves but nascent recovery could halt further stimulus

Although the latest GDP figures show the worst may be behind us, there is no room for policy complacency.

Ian Samson + 1 other | 15 July 2019

Randy Cutler
Blog 1 min read

Outlook bullish for short-term oil prices after surprise OPEC supply cuts

Brent crude oil to trade in the upper half of the $60-80 range for the rest of the year

Randy Cutler + 1 other | 4 July 2019

Eric Wong
Article 5 min read

How to allocate for income in emerging market debt

Exposure to currency risk, credit quality, and corporate or sovereign debt across the EM fixed income space are key considerations when investing for income.

Eric Wong + 3 others | 4 July 2019

Paras Anand
Article 5 min read

An appeal to optimism: The opportunity of the uncertainty premium

The demand for safety since the financial crisis has created an uncertainty premium that investors with a little optimism can take advantage of.

Paras Anand + 1 other | 4 July 2019

Ario Emami Nejad
Blog 2 min read

ECB’s QE 2.0: Too much euphoria, too soon?

The current market euphoria around QE 2.0 and its expected impact on spreads might be misplaced.

Ario Emami Nejad | 2 July 2019

Kristian Atkinson
Blog 3 min read

Draghi’s dovish speech signals further central bank easing

The case for immediate easing by the Fed is however weak.

Kristian Atkinson | 19 June 2019

Andrea Iannelli
Blog 1 min read

ECB takes a slightly more hawkish tone

The central bank however pushed back raising rates until at least mid-2020.

Andrea Iannelli + 1 other | 6 June 2019

Alvin Cheng
Blog 3 min read

In Baoshang Bank takeover, China takes aim at moral hazard

The recent move by regulators in China to take over Baoshang Bank marks a significant event in the development and liberalisation of China’s capital markets.

Alvin Cheng + 1 other | 5 June 2019

Joe Hanmer
Article 6 min read

A bottom-up approach to factor investing in corporate bonds

An introduction to Fidelity's ground-breaking approach to factor investing in fixed income

Joe Hanmer + 1 other | 3 June 2019

Jan Berthold
Article 8 min read

The challenge of investing sustainably in sovereign debt

Engaging with sovereigns is much harder than with companies. But it is well worth the effort for investors and governments.

Jan Berthold + 2 others | 15 April 2019

Jan Berthold
Blog 3 min read

Saudi Aramco’s mega bond turns a fixed income maxim on its head

Saudi Aramco’s mega bond turns a fixed income maxim on its head

Jan Berthold + 1 other | 14 April 2019

Paul Greer
Blog 1 min read

Investors to pressure Turkey on economic reforms amid lira volatility

Markets will be seeking a more conventional approach from Turkey on its economic reforms.

Paul Greer | 3 April 2019

Bryan Collins
Blog 3 min read

A Goldilocks moment for China’s monetary policy, but watch for more easing and bond index inclusion

Two events are driving the outlook for China fixed income- easing monetary conditions and the expected inclusion of Chinese bonds in benchmark indexes.

Bryan Collins + 4 others | 14 March 2019

Kristian Atkinson
Article 2 min read

Blowing the froth off the BBB market

BBB-rated credit has outperformed A-rated debt by 48 per cent in past decade. However, the market is vulnerable to downgrades.

Kristian Atkinson | 11 March 2019

Bryan Collins
Blog 2 min read

What China’s new stimulus measures mean for investors

The Chinese government has announced tax cuts worth 2 trillion yuan and higher spending. But will this boost the slowing economy?

Bryan Collins + 2 others | 6 March 2019

Neil Gough
Article 4 min read

Analyst Survey 2019: China's slowdown, seen from the ground

Sentiment towards China for the year ahead is more downbeat than for other geographies but there are some pockets of brightness.

Neil Gough | 22 February 2019

Ben Moshinsky
Article 13 min read

Sector by sector: Analyst Survey 2019

Across 10 sectors, only healthcare analysts showed an improvement in sentiment from last year.

Ben Moshinsky + 1 other | 22 February 2019

Kristian Atkinson
Blog 3 min read

The Spanish imposition: Santander’s non-call sets precedent in AT1 bond market

Santander's decision to not repay its AT1 bond will make the market focus much more on call economics and post-call valuations.

Kristian Atkinson | 14 February 2019

Anna Stupnytska
Article 10 min read

Choose your own adventure: China’s economic destiny

What does it mean for the rest of the world if in a decade's time China becomes the preeminent economic superpower, or gets stuck in the middle-income trap?

Anna Stupnytska + 4 others | 11 January 2019

Martin Dropkin
Article 7 min read

The next recession: zombie killer

Zombie companies have grown in number since the financial crisis. The next recession should kill them off.

Martin Dropkin + 1 other | 11 January 2019

Claudio Ferrarese
Blog 2 min read

Bonds are back as a diversifier as US treasuries end 2018 on a positive note

Santa’s rally did not come for stocks this year, but government bonds have had a better run up to Christmas and the year is not over yet.

Claudio Ferrarese | 24 December 2018

Katsumi Ishibashi
Blog 3 min read

BOJ holds steady, with limited scope for any policy moves

BOJ holds steady, with limited scope for any policy moves

Katsumi Ishibashi + 1 other | 20 December 2018

Andrea Iannelli
Blog 2 min read

Perfect storm lifts US treasuries

The confluence of global risks have rallied US treasuries but this may not be enough to shift Fed policy from its course of a December rate hike.

Andrea Iannelli | 6 December 2018

Ario Emami Nejad
Blog 2 min read

Beware of the BuBBBle in investment grade

With the huge growth in the issuance of BBB-rated bonds, there are fears that downgrades could negatively impact the high-yield and credit market in 2019.

Ario Emami Nejad | 26 November 2018

Bryan Collins
Blog 4 min read

China's easing has not been easy

China’s deleveraging drive has softened, but credit to private companies remains weak. Bigger banks could be pushed to step in.

Bryan Collins + 4 others | 20 November 2018

Romain Boscher
Article 8 min read

CIO views: The correction that averted a capitulation

Recent market volatility shook investors' confidence, with many questioning if the end of cycle was near. Our CIOs give their views.

Romain Boscher + 2 others | 19 November 2018

Anna Stupnytska
Blog 5 min read

What to expect from the US midterm elections: Macroeconomic and market implications

Fidelity's cross-asset scenario analysis on potential outcomes from the US midterm elections assesses the macroeconomic and market implications.

Anna Stupnytska + 1 other | 1 November 2018

Medha Samant
Blog 2 min read

Falling Markets - the view from Asia

Negative investor sentiment and high volatility are setting the tone but can also provide opportunities to find value in Asia equity and fixed income markets.

Medha Samant + 1 other | 25 October 2018

David Simner
Blog 1 min read

The Italian government surprises markets with plan to increase budget deficit

The Italian government threw down a gauntlet to the European Commission by announcing a spending-prone budget that defied expectations.

David Simner + 1 other | 28 September 2018

Peter Khan
Article 8 min read

Lifting the lid on fixed income asset allocation models

This article explain's the quantitative model we use to guide our asset allocation decisions in fixed income

Peter Khan + 4 others | 25 September 2018

Jan Berthold
Blog 2 min read

South African land expropriation will exacerbate economic woes and increase volatility

South Africa's proposed land expropriation is likely to add to souring of emerging market sentiment and trigger further sell off in the country's assets

Jan Berthold | 7 September 2018

Ilia Chelomianski
Article 6 min read

Green bonds: Awakening the green giant

Targeting carbon reduction could help investors deterred by the lack of standardisation and uncompetitive returns in the green bond market.

Ilia Chelomianski + 1 other | 6 September 2018

Curtis Evans
Article 7 min read

Optimising emerging market debt exposure

Emerging market debt can help diversify and improve yields in global bond portfolios. Total return solution offers the best risk-adjusted return potential.

Curtis Evans + 1 other | 6 September 2018

Paul Greer
Blog 3 min read

As global liquidity tightens, Argentina’s troubles will continue

Argentina markets will remain vulnerable because of specific challenges, but all emerging markets are suffering from tightening global liquidity.

Paul Greer | 30 August 2018

Bryan Collins
Blog 3 min read

Credit markets react to China's new easing measures

China’s emphasis on deleveraging has softened in recent months, but credit flow to the economy has remained weak.

Bryan Collins + 4 others | 27 July 2018

Stanley Shek
Blog 3 min read

China’s upgrades to Bond Connect should broaden foreign participation

China's Bond Connect allows foreign investors to access the interbank bond market more easily. New upgrades should remove remaining barriers to adoption.

Stanley Shek + 1 other | 17 July 2018

Luc Froehlich
Article 5 min read

Why some investors are shifting allocation from EMD to Asia fixed income

Some fixed income investors are increasing their allocations to Asian debt in search of an improved risk–return profile.

Luc Froehlich + 1 other | 6 July 2018

Federico Wynne
Article 5 min read

A burden shared: bail-in bonds for GSIBs

What are bail-in bonds and what do they mean for investors?

Federico Wynne + 1 other | 6 July 2018

Richard Edgar
Podcast 29 min listen

Has passive peaked?

Passive investing has undergone stellar growth but as monetary policies and market dynamics shift could we be seeing the 'peak' of the passive bull run?

Richard Edgar + 4 others | 4 June 2018

Richard Edgar
Podcast 18 min listen

Inside the investment process: ESG at every step

How investors considered ESG in the case of an investment in ChemChina, the Chinese state-owned chemical giant.

Richard Edgar + 1 other | 5 April 2018

Curtis Evans
Article 3 min read

Sting in the tail: why volatility may not be the best measure of risk for credit markets

Does it make sense to rely on volatility to assess risk? For bond investors, that could be a costly mistake.

Curtis Evans + 1 other | 2 February 2018

Martin Dropkin
Article 11 min read

Bond covenants: beware of slipping standards late in the cycle

As the market matures, governance standards often become looser - which, in fixed income, is most conspicuous in bond covenants.

Martin Dropkin + 1 other | 11 December 2017

Martin Dropkin
Article 11 min read

Bond covenants: beware of slipping standards late in the cycle

As the market matures, governance standards often become looser - which, in fixed income, is most conspicuous in bond covenants.

Martin Dropkin + 2 others | 11 December 2017

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