by Atlanti | Nov 11, 2024 | Analysis & Performance, Climate Bond, News
Sentiment was stronger in October, as spreads on EUR investment grade (IG) corporates tightened by 12 basis points (bps) to 104 bps. Spreads were well supported over the month, on a combination of robust macro data from the US and EU, the European Central Bank (ECB) delivering a 25 bps rate cut as expected and very strong technicals.
by Atlanti | Nov 11, 2024 | Analysis & Performance, EUR, News
In October the fund showed resilience during a weak month for fixed income, as interest rates were rising. This was notably the case in the US, where strong economic data, combined with the fixed income market pricing in a Donald Trump win, meant that interest rates, as measured by the 10-year US Treasury bond yield, moved up by circa 50 basis points (bps).
by Atlanti | Nov 11, 2024 | Analysis & Performance, GBP, News
In October the fund showed resilience during a weak month for fixed income, as interest rates were rising. This was notably the case in the US, where strong economic data, combined with the fixed income market pricing in a Donald Trump win, meant that interest rates, as measured by the 10-year US Treasury bond yield, moved up by circa 50 basis points (bps).
by Atlanti | Nov 11, 2024 | Analysis & Performance, News, USD
In October the fund showed resilience during a weak month for fixed income, as interest rates were rising. This was notably the case in the US, where strong economic data, combined with the fixed income market pricing in a Donald Trump win, meant that interest rates, as measured by the 10-year US Treasury bond yield, moved up by circa 50 basis points (bps).
by Atlanti | Oct 5, 2024 | Analysis & Performance, Climate Bond, News
Credit spreads on EUR investment grade (IG) corporates were broadly unchanged in September at 116 basis points (bps).
by Atlanti | Oct 5, 2024 | Analysis & Performance, News, USD
September was a positive month for fixed income, as we saw the Federal Reserve cut interest rates by 50 basis points (bps) and the European Central Bank cut by 25 bps.
by Atlanti | Oct 5, 2024 | Analysis & Performance, GBP, News
September was a positive month for fixed income, as we saw the Federal Reserve cut interest rates by 50 basis points (bps) and the European Central Bank cut by 25 bps.
by Atlanti | Oct 5, 2024 | Analysis & Performance, EUR, News
September was a positive month for fixed income, as we saw the Federal Reserve cut interest rates by 50 basis points (bps) and the European Central Bank cut by 25 bps.
by Atlanti | Mar 15, 2024 | Analysis & Performance, News, USD
February was a relatively stable month for our securities, despite the increase in interest rates. Spreads on our securities tightened slightly during the month. The macroeconomic data has meant that market participants have been revising their assumptions on the number of rate cuts in 2024 downwards. However, the outlook remains constructive, i.e. a gradual disinflationary scenario combined with a soft or no landing. Spreads on subordinated debt of financials remain wide, especially on a relative basis. As such we believe that there is more upside in terms of capital appreciation, in addition to the high income we are receiving.
by Atlanti | Mar 15, 2024 | Analysis & Performance, GBP, News
February was a relatively stable month for our securities, despite the increase in interest rates. Spreads on our securities tightened slightly during the month. The macroeconomic data has meant that market participants have been revising their assumptions on the number of rate cuts in 2024 downwards. However, the outlook remains constructive, i.e. a gradual disinflationary scenario combined with a soft or no landing. Spreads on subordinated debt of financials remain wide, especially on a relative basis. As such we believe that there is more upside in terms of capital appreciation, in addition to the high income we are receiving.