Experience the power of a globally integrated Fixed Income platform spanning public and private markets.
1. The Active Advantage
With opportunities but also challenges afoot for fixed income investors, finding the right manager is key. In an environment of slowing growth, restrictive monetary policy and rising idiosyncratic risk, we favor shorter durations, quality, and a focus on security selection.
2. Research that Matters
With the search for yield now over, we believe the risk-management challenge has just begun. Rigorous analysis of fundamentals often uncovers important credit considerations that are not necessarily highlighted in the market.
We have been managing fixed income assets for more than 40 years. We believe a value-oriented approach based on process-led investing and a commitment to research positions us to capitalize on market inefficiencies.
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Fixed Income AUM
Private Credit AUM
Credit Research Analysts
While bonds are enjoying a rebound, we believe the current economic backdrop presents three core market scenarios you should consider for the next 12 months. Irrespective of how market conditions develop, and whether investors opt for single or multi-sector fixed income strategies, flexibility and expertise are critical to navigating evolving conditions.
Inflation remains well above central bank targets
Impact on Markets
- Real GDP growth declines, but nominal GDP growth remains high
- Interest rates remain elevated or even edge higher
- Credit spreads widen
Inflation stabilizes slightly above central bank targets
Impact on Markets
- Nominal GDP growth declines, but real GDP growth stabilizes
- Interest rates plateau
- Credit spreads stabilize
Inflation falls back to central bank targets
Impact on Markets
- Short to moderate duration
- High Yield Multi-Sector Fixed Income Investment Grade
Resurgent Fixed Income
Multi-Sector Fixed Income
Municipal Fixed Income
Cash Management and Short Duration Municipals
Fixed Income Blog
Our fixed income professionals share their latest thoughts on the evolving state of global markets and the macro economy.READ THE NB BLOG
Disruptive Forces Podcast
Bonds and Beyond in Today's Fixed Income Markets
A shift into higher rates globally over the latter part of 2023 has created a new investment regime in the fixed income markets; prompting investors to reassess their strategic asset allocation.
1As of June 30, 2023
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