Global Fixed Income
Analysing the prospects for global bond markets.
Latest Thoughts

October 2020 / INVESTMENT INSIGHTS

Flexibility Is Invaluable During Difficult...

Flexibility Is Invaluable During Difficult Period

Flexibility Is Invaluable During Difficult...

Riskier, less liquid securities can bring substantial benefits

By Ken Orchard

Ken Orchard Portfolio Manager

October 2020 / MARKET OUTLOOK

COVID-19 Has Transformed the US High Yield...

COVID-19 Has Transformed the US High Yield Opportunity Set

COVID-19 Has Transformed the US High Yield...

Downgrades and defaults have had a major impact on the asset class

By Kevin Loome & Gregor Dannacher

By Kevin Loome & Gregor Dannacher

September 2020 / INVESTMENT INSIGHTS

The Federal Reserve Crashes the Currency...

The Federal Reserve Crashes the Currency Party

The Federal Reserve Crashes the Currency...

Why the Federal Reserve actions could make the U.S. dollar weaker.

By Arif Husain, Andrew Keirle & Ken Orchard

By Arif Husain, Andrew Keirle & Ken Orchard

September 2020 / INVESTMENT INSIGHTS

European Investment Grade: Can the Rally...

European Investment Grade: Can the Rally Last?

European Investment Grade: Can the Rally...

Technical support for the region’s bonds may diminish soon

By David Stanley

David Stanley Portfolio Manager

September 2020 / INVESTMENT INSIGHTS

Fed Moves to Average Inflation Targeting

Fed Moves to Average Inflation Targeting

Fed Moves to Average Inflation Targeting

New policy framework effectively prioritizes maximum employment

By Alan Levenson, Nikolaj Schmidt & Adam Marden

By Alan Levenson, Nikolaj Schmidt & Adam Marden

September 2020 / INVESTMENT INSIGHTS

Opportunities and Risks in a Low-Yield World

Opportunities and Risks in a Low-Yield World

Opportunities and Risks in a Low-Yield World

Why fixed income investors should look beyond current yield levels.

By Arif Husain

Arif Husain Head of International Fixed Income

August 2020 / INVESTMENT INSIGHTS

Why the EU Recovery Fund is No Panacea

Why the EU Recovery Fund is No Panacea

Why the EU Recovery Fund is No Panacea

Public debt sustainability remains a key challenge

By Tomasz Wieladek

Tomasz Wieladek T.Rowe Price International Economist

July 2020 / INVESTMENT INSIGHTS

LIBOR Is Changing: Five Important Updates

LIBOR Is Changing: Five Important Updates

LIBOR Is Changing: Five Important Updates

T. Rowe Price’s working group explains the LIBOR transition

By Multiple Authors

By Multiple Authors

July 2020 / POLICY INSIGHTS

The U.S. Dollar in 2020: Does the Buck Stop...

The U.S. Dollar in 2020: Does the Buck Stop Here?

The U.S. Dollar in 2020: Does the Buck Stop...

Four indicators of weakness could mean it is time to diversify

By Ken Orchard

Ken Orchard Portfolio Manager

June 2020 / INVESTMENT INSIGHTS

Global Policy Rates Stuck in Lockdown

Global Policy Rates Stuck in Lockdown

Global Policy Rates Stuck in Lockdown

How interest rates could remain at emergency levels for a sustained period

By Quentin Fitzsimmons

Quentin Fitzsimmons Portfolio Manager

June 2020 / INVESTMENT INSIGHTS

Three Risks to Credit Markets This Summer

Three Risks to Credit Markets This Summer

Three Risks to Credit Markets This Summer

Why I’m becoming more cautious on corporate debt

By Ken Orchard

Ken Orchard Portfolio Manager

Fixed Income
RELATED FUND
SICAV
Class Qn USD
ISIN LU1238971615
We use a flexible, benchmark-agnostic approach to invest across the full global fixed income opportunity set aiming to provide sustainable returns, capital preservation and diversification from equity risk. View More...
3YR Return
(Annualised)
0.45%
Fund Size
(USD)
$978.6m
Avg Coupon
3.50%
Avg Maturity
6.78 yrs
Avg Duration
4.81 yrs
RELATED FUND
SICAV
Class Qdn USD
ISIN LU1244140320
A concentrated, high-income portfolio of primarily global high yield corporate bond opportunities. We apply an active management approach to global high yield to capitalise on market inefficiencies, sector positioning and idiosyncratic events while seeking enhanced return potential. View More...
3YR Return
(Annualised)
1.12%
Fund Size
(USD)
$857.1m
Avg Coupon
6.31%
Avg Maturity
6.33 yrs
Avg Duration
3.86 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1216623295
A high conviction portfolio of around 75-150 of the best global corporate bond ideas generated by our global research platform. We invest primarily in a diversified portfolio of investment-grade corporate bonds from issuers around the world, including emerging markets. View More...
3YR Return
(Annualised)
4.74%
Fund Size
(USD)
$48.0m
Avg Coupon
3.30%
Avg Maturity
7.90 yrs
Avg Duration
7.96 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU0133095660
A portfolio of holdings of between around 400 and 600 issuers that seeks to exploit inefficiencies in the full universe of the global fixed income and currency markets. View More...
3YR Return
(Annualised)
4.85%
Fund Size
(USD)
$491.9m
Avg Coupon
2.63%
Avg Maturity
9.75 yrs
Avg Duration
8.36 yrs