Fixed income research: Counting the cost of research
FIXED INCOME
Fixed income research: Counting the cost of research
(PDF) Fixed Income Performance Attribution
6+ Income Investing Templates in PDF
VIDEO
Bloomberg Brief 10/06/2023
Fed Has Put Pain on Main Street: Strategas' Tzitzouris
Breakdown of the Fixed Income Strategy report
Fixed Income: The Research Never Stops
R46 Fixed Income Risk and Returns Overview
Treasury Valuations Looking 'Quite Good,' HSBC's Major Says
COMMENTS
PDF Quarterly Report: US Fixed Income, 3Q23
This is 2.3x the next largest market, the EU. U.S. market share has averaged 38.1% over the last 10 years, troughing at 37.5% in 2013 and peaking at 40.0% in 2022. US Fixed Income Market Share - Year End. US Fixed Income Market Share - Historical Trends.
PDF 2023 Fixed Income Engagement Report
"Fixed income investors should play an active role in engaging with the breadth of bond issuers they have access to, seeking to promote transparent credit markets and positive sustainability outcomes." 1 Responsible investment in fi xed income 2 The Investment Association, Improving fi xed income 3 Fixed Income Engagemen t Strategy Foreword
PDF Quarterly Report: US Fixed Income, 4Q23
The U.S. fixed income markets are the largest in the world, comprising 39.5% of the $135.5 trillion securities outstanding across the globe, or $53.6 trillion (as of 2Q23). This is 2.1x the next largest market, the EU. U.S. market share has averaged 38.5% over the last 10 years, troughing at 36.7% in 2020 and peaking at 40.8% in 2015.
PDF SIFMA Research Quarterly
The U.S. fixed income markets are the largest in the world, comprising 38.9% of the $123 trillion securities outstanding across the globe, or $48 trillion (as of 1Q21). This is 1.9x the next largest market, the EU. U.S. market share has averaged 38.7% over the last 10 years, troughing at 36.3% in 2011 and peaking at 40.8% in 2016.
PDF Research Report Fixed Income Fixed Income: July 2021 Preparing for the
Fixed Income: Preparing for the Big Shift 7 Figure 1 breaks out the fixed income strategies for which respondents plan an increased allocation. More than one-third of respondents plan to increase their allocation to each of five index strategies. It is notable that both core and satellite FI strategies are well represented on this list,
PDF Research Factor-Based Fixed Income
Factor-Based Investing in Fixed Income January 2016 RESEARCH | Fixed Income 4 Risk Factors and Fixed Income Investing Despite the importance of factors, factor-based investing in fixed income has been slow to develop and remains a nascent area of study. This is driven in part by the lack of data, relatively opaque pricing, and a relative
The Future State of Fixed Income: Research Report
The Future State of Fixed Income Research Report. The Future State of Fixed Income. Research Report. Our latest fixed income research highlights three trends that are shaping the future of fixed income: the growth of ESG, the continued move to indexing and the search for new sources of return. Read Full Report.
PDF Fixed Income
investment advisor owned by Morgan Stanley. However, unless otherwise noted, references to MSIM and to the "Fixed Income team" in this document do not include Eaton Vance Management, Calvert Research and Management, Atlanta Capital Management Company, or Parametric Portfolio Associates who were acquired by Morgan Stanley on March 1, 2021.
PDF PGIM Fixed Income ESG Research
underscored by the ongoing evolution in our approach to ESG as described in the 2021 PGIM Fixed Income Annual ESG Report. With the increase in data availability and regulatory requirements, we enhanced our engagement tracking, analytics, ... assumed the roles of co-heads of ESG Research for PGIM Fixed Income. As co-heads, they are responsible for
Global Fixed Income Views 2Q 2024
Almost all economic data is pointing to the global economy closing in on trend growth and 2% inflation, and the willingness of G10 central banks to start cutting rates by the summer is reminiscent of the 1995 soft landing experience. Trend growth of around 2% and near target inflation appear inevitable in the U.S.
Fixed Income Research Reports and Insights
Three benefits of higher income in fixed income. EM Fixed Income: Brace for a long, stormy summer. Global economic growth 2022: 4 potential scenarios. Fixed income markets and the end of the 'Fed Put'. Bond Bites: Off target.
The Discreet Charm of Fixed Income
We report rolling 60-month correlations at monthly frequency. Furthermore, it is not immediately clear that fixed income still acts as a hedge at current yield levels, especially given that the stock-bond correlation historically has not been consistently negative (see Exhibit 3). Does all this spell the end of fixed income as an asset class - or
PDF Fixed income quarterly review & outlook
Fixed income quarterly review outlook December 2021 Source: U.S. Bank, Bloomberg, 12/31/2001-12/31/2021. Tax rate of 40.8% = 37% maximum income tax rate plus 3.8% Affordable Care Act tax. Investment-grade municipal bond yields relative to Treasuries remained near all-time lows. Municipal bonds represent a shrinking proportion of the
PDF SIFMA Research Quarterly
The SIFMA Research Quarterlies contain data and statistics on U.S. markets. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data. The reports cover data on total U.S. fixed income markets, as captured in the SIFMA Research databases:
The Future State of Fixed Income: Research Report
About the Survey. State Street conducted a survey of 700 institutional investors in 2022. The global survey respondents came from pension funds, wealth managers, asset managers, endowments, foundations and sovereign wealth funds. Their responses confirmed that the evolution in fixed income investing is very real and, in fact, that institutional ...
The Future State of Fixed Income: Research Report
Prior Survey. Our 2021 fixed income research revealed what was driving institutional investors across the globe to adopt new ways of fixed income investing. Our latest research reveals three key themes driving the future state of fixed income: ESG, Indexing, and the search for new sources of return.
Research Quarterly: Fixed Income
Via the Report. The SIFMA Research Quarterlies inclusions data and statistics on U.S. markets. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data.
PDF Morningstar Fixed Income Exposure Analysis Methodology
sources of fixed income risk, any holdings not falling into the fixed income asset class are excluded, a methodology referred to as "Asset Class Rescaling."
The Journal of Fixed Income
About the Journal. The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies on bond instruments of all types— investment grade, high-yield, municipals, ABS and MBS, and structured products such as CDOs and credit derivatives. Industry experts offer detailed models and analyses of fixed income structuring, performance tracking, and risk management.
The Journal of Fixed Income
ABOUT THE JOURNAL OF FIXED INCOME. The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies on bond instruments of all types - investment grade, high-yield, municipals, ABS and MBS, and structured products such as CDOs and credit derivatives. Industry experts offer detailed models and analyses of fixed income structuring, performance tracking, and risk ...
US Fixed Income Market Structure Primer
U.S. capital markets (fixed income and equity) are a critical source of capital for businesses and governments (federal, state and local), funding 65% of total U.S. economic activity. Debt capital markets - providing a more efficient, stable and less restrictive form of borrowing for corporations - are the more prevalent fuel for growth in ...
Research Quarterly: Fixed Income
About the Report. The SIFMA Research Quarterlies contain data, statistics and chartbooks on U.S. markets and financial institutions. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data.
PDF FINRA s New Fixed Income Research Rule and Modifications to Equity
Key Aspects of the New Research Rules. FINRA Rule 2241 (the "New Equity Research Rule") and FINRA Rule 2242 (the "Fixed-Income Research Rule") are summarized here, with each of the rules discussed in greater depth in the pages that follow. Further detail is in Appendix A, which compares, section-by-section, the New Equity Research Rule ...
Gender pay gap remained stable over past 20 years in US
The gender gap in pay has remained relatively stable in the United States over the past 20 years or so. In 2022, women earned an average of 82% of what men earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers. These results are similar to where the pay gap stood in 2002, when women earned 80% as much as men.
Out-of-pocket payments for health care are low in France, but gaps
France is more likely to protect people from financial hardship caused by out-of-pocket payments for health care than most other countries in the European Union (EU), but gaps in coverage remain a challenge for households with low incomes, a new WHO/Europe report reveals.According to the report, "Can people afford to pay for health care? New evidence on financial protection in France", the ...
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This is 2.3x the next largest market, the EU. U.S. market share has averaged 38.1% over the last 10 years, troughing at 37.5% in 2013 and peaking at 40.0% in 2022. US Fixed Income Market Share - Year End. US Fixed Income Market Share - Historical Trends.
"Fixed income investors should play an active role in engaging with the breadth of bond issuers they have access to, seeking to promote transparent credit markets and positive sustainability outcomes." 1 Responsible investment in fi xed income 2 The Investment Association, Improving fi xed income 3 Fixed Income Engagemen t Strategy Foreword
The U.S. fixed income markets are the largest in the world, comprising 39.5% of the $135.5 trillion securities outstanding across the globe, or $53.6 trillion (as of 2Q23). This is 2.1x the next largest market, the EU. U.S. market share has averaged 38.5% over the last 10 years, troughing at 36.7% in 2020 and peaking at 40.8% in 2015.
The U.S. fixed income markets are the largest in the world, comprising 38.9% of the $123 trillion securities outstanding across the globe, or $48 trillion (as of 1Q21). This is 1.9x the next largest market, the EU. U.S. market share has averaged 38.7% over the last 10 years, troughing at 36.3% in 2011 and peaking at 40.8% in 2016.
Fixed Income: Preparing for the Big Shift 7 Figure 1 breaks out the fixed income strategies for which respondents plan an increased allocation. More than one-third of respondents plan to increase their allocation to each of five index strategies. It is notable that both core and satellite FI strategies are well represented on this list,
Factor-Based Investing in Fixed Income January 2016 RESEARCH | Fixed Income 4 Risk Factors and Fixed Income Investing Despite the importance of factors, factor-based investing in fixed income has been slow to develop and remains a nascent area of study. This is driven in part by the lack of data, relatively opaque pricing, and a relative
The Future State of Fixed Income Research Report. The Future State of Fixed Income. Research Report. Our latest fixed income research highlights three trends that are shaping the future of fixed income: the growth of ESG, the continued move to indexing and the search for new sources of return. Read Full Report.
investment advisor owned by Morgan Stanley. However, unless otherwise noted, references to MSIM and to the "Fixed Income team" in this document do not include Eaton Vance Management, Calvert Research and Management, Atlanta Capital Management Company, or Parametric Portfolio Associates who were acquired by Morgan Stanley on March 1, 2021.
underscored by the ongoing evolution in our approach to ESG as described in the 2021 PGIM Fixed Income Annual ESG Report. With the increase in data availability and regulatory requirements, we enhanced our engagement tracking, analytics, ... assumed the roles of co-heads of ESG Research for PGIM Fixed Income. As co-heads, they are responsible for
Almost all economic data is pointing to the global economy closing in on trend growth and 2% inflation, and the willingness of G10 central banks to start cutting rates by the summer is reminiscent of the 1995 soft landing experience. Trend growth of around 2% and near target inflation appear inevitable in the U.S.
Three benefits of higher income in fixed income. EM Fixed Income: Brace for a long, stormy summer. Global economic growth 2022: 4 potential scenarios. Fixed income markets and the end of the 'Fed Put'. Bond Bites: Off target.
We report rolling 60-month correlations at monthly frequency. Furthermore, it is not immediately clear that fixed income still acts as a hedge at current yield levels, especially given that the stock-bond correlation historically has not been consistently negative (see Exhibit 3). Does all this spell the end of fixed income as an asset class - or
Fixed income quarterly review outlook December 2021 Source: U.S. Bank, Bloomberg, 12/31/2001-12/31/2021. Tax rate of 40.8% = 37% maximum income tax rate plus 3.8% Affordable Care Act tax. Investment-grade municipal bond yields relative to Treasuries remained near all-time lows. Municipal bonds represent a shrinking proportion of the
The SIFMA Research Quarterlies contain data and statistics on U.S. markets. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data. The reports cover data on total U.S. fixed income markets, as captured in the SIFMA Research databases:
About the Survey. State Street conducted a survey of 700 institutional investors in 2022. The global survey respondents came from pension funds, wealth managers, asset managers, endowments, foundations and sovereign wealth funds. Their responses confirmed that the evolution in fixed income investing is very real and, in fact, that institutional ...
Prior Survey. Our 2021 fixed income research revealed what was driving institutional investors across the globe to adopt new ways of fixed income investing. Our latest research reveals three key themes driving the future state of fixed income: ESG, Indexing, and the search for new sources of return.
Via the Report. The SIFMA Research Quarterlies inclusions data and statistics on U.S. markets. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data.
sources of fixed income risk, any holdings not falling into the fixed income asset class are excluded, a methodology referred to as "Asset Class Rescaling."
About the Journal. The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies on bond instruments of all types— investment grade, high-yield, municipals, ABS and MBS, and structured products such as CDOs and credit derivatives. Industry experts offer detailed models and analyses of fixed income structuring, performance tracking, and risk management.
ABOUT THE JOURNAL OF FIXED INCOME. The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies on bond instruments of all types - investment grade, high-yield, municipals, ABS and MBS, and structured products such as CDOs and credit derivatives. Industry experts offer detailed models and analyses of fixed income structuring, performance tracking, and risk ...
U.S. capital markets (fixed income and equity) are a critical source of capital for businesses and governments (federal, state and local), funding 65% of total U.S. economic activity. Debt capital markets - providing a more efficient, stable and less restrictive form of borrowing for corporations - are the more prevalent fuel for growth in ...
About the Report. The SIFMA Research Quarterlies contain data, statistics and chartbooks on U.S. markets and financial institutions. The fixed income reports are split into two - (1) issuance and trading, (2) outstanding - given a delay in the reporting of outstanding data.
Key Aspects of the New Research Rules. FINRA Rule 2241 (the "New Equity Research Rule") and FINRA Rule 2242 (the "Fixed-Income Research Rule") are summarized here, with each of the rules discussed in greater depth in the pages that follow. Further detail is in Appendix A, which compares, section-by-section, the New Equity Research Rule ...
The gender gap in pay has remained relatively stable in the United States over the past 20 years or so. In 2022, women earned an average of 82% of what men earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers. These results are similar to where the pay gap stood in 2002, when women earned 80% as much as men.
France is more likely to protect people from financial hardship caused by out-of-pocket payments for health care than most other countries in the European Union (EU), but gaps in coverage remain a challenge for households with low incomes, a new WHO/Europe report reveals.According to the report, "Can people afford to pay for health care? New evidence on financial protection in France", the ...