investing in global bonds - Beyond Bulls & Bears

Fixed Income

Will Italy still have ECB support in wake of elections?

Our Head of European Fixed Income, David Zahn, weighs in on the potential market implications of the outcome of the recent Italian elections.

David Zahn, CFA, FRM | September 29, 2022

Global Economic Perspective: April

We have some apprehension about the more dovish stance taken by the US Federal Reserve, which in our view may place too great a focus on global factors, despite a relatively tight US labor market and some indications of a pickup in core inflation.

April 21, 2016

Global Economic Perspective: March

We regard the greater stability in commodity prices, along with a lessening of volatility in financial markets, as welcome, and believe it should provide a more stable platform for the global economy, where growth remains acceptable, if lower than desirable.

March 11, 2016

Global Economic Perspective: February

The impact of China’s rebalancing is likely to remain a headwind, particularly for countries that have relied on its appetite for raw materials. But this is likely to be counterbalanced by the continuation of the various accommodative monetary policies that are in place around the world.

February 18, 2016

Global Economic Perspective: January

Though the rest of the world may not be doing as well as the United States, we think global growth remains acceptable and do not anticipate a global recession or global deflation.

Christopher J. Molumphy, CFA | January 15, 2016

Global Economic Perspective: November

While China’s manufacturing sector—which drove China’s rise to its place as the world’s second-largest economy—has been losing steam, it is being supplanted by a domestic, consumer-led economy propelled by a rising middle class with growing income. Other Asian countries are on a similar trajectory.

Christopher J. Molumphy, CFA | November 18, 2015

A Decisive Monetary Policy Approach Is About More Than Economics

With monetary policy divergence between the developed world’s three most influential central banks set to continue, it seems clear to us that the need for a decisiveness of approach extends beyond a simple economic argument.

November 11, 2015

Global Economic Perspective: October

Overall, while there are plenty of ‘problem children’ in the emerging-market space, there are undoubtedly assets and currencies being beaten down by broad-brush assessments of economic prospects that merit renewed attention.

October 22, 2015

European QE: Has It Been Worth the Effort?

Now, we feel the time is right for a further shot in the arm. In our view, it’s not a question of whether the ECB will extend QE, it’s a question of when: Will the announcement come in October or December?

October 20, 2015

Global Economic Perspective: September

While the [US] Fed is facing an extremely delicate task ... it is still our belief that the US economy remains sufficiently strong to be able to bear a gradual increase in short-term rates in the coming months.

September 10, 2015

A Macro View of Recent Market Volatility

When we look at how much market panic there has been, you’d be under the impression China is headed full-speed into full-blown recession. That is not our call. We expect moderation in China’s growth and continue to see it as healthy.

Michael Hasenstab, Ph.D. | August 25, 2015

Global Economic Perspective: August

We believe sound headline job creation figures point to rate increases by a [US] Fed that would like to begin to ‘normalize’ monetary policy when possible. The US economy is no longer in the emergency room, as it was in December 2008.

August 17, 2015