report by BlackRock
Results for ""
Fixed Income Insights
2021 Market GPS: Fixed Income Outlook
Market behaviour in 2020 was all about flows: liquidity flooding the markets, a disease travelling through the population, global supply chains reconfiguring, and technology streaming work and entertainment to the masses. Jim Cielinski, Global Head of Fixed Income at Janus Henderson, explains that fixed income is sensitive to flows, and their direction in 2021 will help determine how the asset class navigates the year ahead.
Fixed Income Insights
The Shape of Credit
This piece is approved to use with clients.
In this Q&A, Portfolio Managers Jason England, Nick Maroutsos and Dan Siluk discuss the factors shaping credit markets, from central bank support to potential resilience from financials.
Key Takeaways
- Corporate earnings and cash flows are under strain, but while defaults are likely to increase, they should continue to be largely contained to sub-investment-grade issuers.
- Massive and proactive central bank support measures have injected confidence into markets, but this does not preclude sporadic bouts of future volatility and warrants a selective approach.
- We believe more resilient opportunities are likely to be found in higher-quality, shorter-dated investment-grade issues and continue to favor financial sector bonds and corporates with defensive attributes.
Fixed Income Insights
Building Bond Portfolios on a Strong Housing Market
This piece is approved to use with clients.
Conventional wisdom would suggest that rising unemployment would have discouraged consumers from making large contractual obligations like buying a new home, but the pandemic has affected the way many Americans think about housing. Portfolio Managers John Kerschner and Nick Childs discuss why this is happening and what it could mean for bond investors.
Portfolio Construction Insights
Portfolio Diagnostics Report: Shifting Gears
This piece is approved to use with clients.
For traditional fixed income investors, much of the last 40 years have been a relatively enjoyable ride; the 1980s began with double-digit interest rates that have steadily fallen, creating large amounts of bond return and income as well as crisis management along the way. Instead of investors paying a premium for portfolio crisis management, traditional fixed income paid investors that premium.
Fixed Income Insights
A Mostly Benign Outlook for U.S. Inflation
This piece is approved to use with clients.
The stabilization of U.S. economic growth amid unprecedented fiscal and monetary stimulus has raised questions about the likelihood of inflation returning. Global Head of Fixed Income Jim Cielinski explains why he does not see significant risk of sustained higher inflation materializing in the next few years – but cautions that short-term spikes are possible and that investors should evaluate the diversification that their fixed income portfolios provide.
Business Development
Janus Henderson Knowledge Labs™ Resources Overview
This piece is approved to use with clients.
At Janus Henderson, we designed Knowledge Labs™ to empower you through the challenges these changes bring.
Through our years of experience working with financial professionals, we believe our solutions help you more effectively shoulder the responsibility of guiding your clients toward better futures. When it comes to tools and advice for inspiring loyalty, enhancing business savvy and offering exceptional service, we partner with you to help you exceed expectations.
Fixed Income Insights
ISG Insight: A mostly benign outlook for US inflation
This piece is approved to use with clients.
The stabilisation of US economic growth amid unprecedented fiscal and monetary stimulus has raised questions about the likelihood of inflation returning. Jim Cielinski, Global Head of Fixed Income, and Andrew Mulliner, Global Bonds Portfolio Manager, both members of the Fixed Income ISG, explain why they do not see significant risks of sustained higher inflation materialising in the next few years, though caution that short-term spikes are possible and investors should evaluate the diversity that their fixed income portfolios provide.