In our regularly updated macroeconomic analysis, we offer an outlook for interest rates and currencies – and look at which fixed income assets are favoured across a range of market environments.
In this edition:
The US administration may soon declare a national housing emergency. We examine the case for an emergency, potential government policy changes and market impact.
We highlight the rising number of corporate breakups in the US and what they mean for bondholders.
We are neutral on European rates. We believe the ECB has reached its neutral rate and we expect it to remain steady unless external shocks require further action. We are overweight UK rates and believe there is little room for short-term rates to move higher unless inflation rises sharply. Longer-term rates hinge on the budget outcome.
We are overweight the euro on expectations of continued US dollar weakness and positive 2026 European economic performance. We are underweight the British pound based on fiscal risks and potential longer-term rate declines in line with developed peers.
We speak with Senior EM Strategist Daniel Phillips about the US dollar’s recent weakening trend and why it might bode well for EM debt performance.
At Invesco, flexibility is key. Our broad range of fixed income capabilities allows investors to switch their preferences as markets evolve.
In our latest webinar, Market Insights Strategist Ben Gutteridge joined fixed income Fund Managers Stuart Edwards, Rhys Davies, and Tom Hemmant to explore the complexities of today’s market landscape, and offer insights to help investors navigate uncertainty and uncover new opportunities.
While both main replication methods have their own merits, a swap-based approach could offer an advantage over physical counterparts in certain situations. Find out more.
Discover how Collateralised Loan Obligations (CLOs) can offer portfolio diversification, active management, and access to resilient leveraged loans for professional investors.
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