Fixed Income

Investment analysis for yield and duration-focused investors

Policy peculiarities, and a productivity “miracle”
  • 13 hours ago

The Bank of Japan raised rates, as expected. The decision was not unanimous, causing a modest market reaction. The yen has weakened—yelling “house” like a grandmother in a bingo parlor does not off...

The lesser of two evils
  • 17 Sep 2026

Yesterday’s unanimous vote in favor of a US interest rate increase could be interpreted as defiance against political interference. Having raised once, the Federal Reserve is likely to raise again—...

NAV Loans: From Fund Finance to Investment Opportunity
  • 17 Sep 2026

Net asset value (NAV) loans may offer solutions for private equity and benefits for insurers.

Hyperscaler debt issuance: A technical opportunity in investment grade credit
  • 17 Sep 2026

AI hyperscalers are reshaping the IG credit market, creating attractive dislocations in fundamentally strong issuers – and an attractive entry point.

Are Higher Rates Cause to Add More Fixed Income?
  • 17 Sep 2026

High interest rates are appealing to bond investors, but caution is warranted before adjusting one’s stock-bond splits.

Trading US Corporate Bonds: It Pays to Be Flexible
  • 17 Sep 2026

By substituting higher-cost bonds with lower-cost bonds of similar characteristics, investors can improve net returns while achieving desired exposures.

Rising Rates: Lessons from 2022
  • 17 Sep 2026

Growing concerns surrounding the fiscal state of the United States and ongoing Middle East tensions have pushed rates higher across the curve since the beginning of the year. As broader fixed incom...

Bond Bulletin: EM local heroes
  • 17 Sep 2026

In this week's Bond Bulletin we explore why stronger emerging market (EM) sovereign fundamentals, generous real yields and a more stable investor base make the case for the asset class harder to ig...

FOMC Statement: September 2026
  • 17 Sep 2026

Following the Fed's announcement, find our latest market views from the Global Fixed Income Currency & Commodities (GFICC) U.S. rates team.