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Ben Moshinsky
Article 5 min read

Fidelity Pulse Survey: 10 months of disruption remain as leading indicators turn positive

Fidelity’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

George Watson
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

Adnan Siddique
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

Andrea Iannelli
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

Yi Hu
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

Andrea Iannelli
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

George Watson
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

George Watson
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

Bob Chen
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

Giselle Lai
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

Ben Deane
Blog 2 min read

Inflation expectations close to nadir

Low Inflation expectations mean breakevens nolw look attractively priced

Timothy 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

Steve Ellis
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

Andrea Iannelli
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

Kristian Atkinson
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

Kristian Atkinson
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

Lars Salmon
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

Timothy 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.

Timothy 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

Richard Edgar

The Investor's Guide to China podcast: Corporate governance

The Investor's Guide to China podcast: Corporate governance

Paras Anand + 3 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

George Watson
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

Raji Menon
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

Andrea Iannelli
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

Crystal Cui
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

Tom Robinson
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

Neil Gough
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

George Watson
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

Ian Samson
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

Claire Xiao
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

George Watson
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

George Watson
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

Randy Cutler
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

Ben Moshinsky
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

Raymond Ma
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

Neil Gough
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

Neil Gough
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

George Watson
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

Lisa Twaronite
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

Bob Chen
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

James Bateman
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

Wen-Wen Lindroth
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

Vanessa Chan
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

Ario Emami Nejad
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

George Watson
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

Adnan Siddique
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

Peter May
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

Bob Chen
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

Bob Chen
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

George Watson
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

Vanessa Glennie
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

Sebastian Morton-Clark
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 + 5 others | 4 June 2018

Sebastian Morton-Clark
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 + 2 others | 5 April 2018

Grethe Schepers
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

Cason Moore
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

Adnan Siddique
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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