Daily Fixed-Income Insights
Could Investment Grade Be as Risky as High Yield?
Fixed Income 2021: Climate, Credit & Inflation
Fixed Income Indexes Blurb
MSCI launches High Yield Fixed Income Climate Paris Aligned Indexes
MSCI is pleased to announce the launch of High Yield Fixed Income Climate Paris Aligned Indexes to help investors implement net-zero strategies in their portfolios. The indexes are designed to minimize the exposure to the physical and transition risks of climate change and increase target exposure to sustainable investment opportunities.
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Our Latest Research
China at a Crossroads: Three Scenarios for InvestorsMay 9, 2022
The recent COVID-19 lockdowns in China and their impact on global supply chains add another concern for investors, on top of the Russia-Ukraine war. We model three scenarios for China and their potential spillover effects on global portfolios.
Value’s Lost DecadeMay 6, 2022
Value rebounded in 2021, after more than a decade of lackluster performance. No matter what the expectation going forward, there are useful lessons to be learned from value strategies’ behavior over the past two decades.
Russian Bonds: Rolling Back the Default ClockMay 4, 2022
The Russian government’s decision on April 29 to pay holders of two dollar-denominated Russian sovereign bonds led to a major rally, encouraging some investors that Russia may avoid default. There are, however, more challenges ahead.
Low Carbon 𝙖𝙣𝙙 High Liquidity for Bond Investors?May 4, 2022
As corporate-bond investors embrace decarbonization as a goal in portfolio construction and management and benchmark selection, the question arises whether decarbonization targets are at odds with other desirable index attributes, such as liquidity.
Sanctions Bring a New Form of Russian-Bond CDS RiskApr 26, 2022
Sanctions on Russia have not affected credit-default swaps directly, but the settlement process following a default would rely on delivering and auctioning the sanctioned bonds. We examine this new form of recovery risk.
MSCI Liquidity Risk Monitor Russia-Ukraine Special ReportApr 12, 2022
Download the special report highlighting key liquidity indicators from the Russia-Ukraine War.
Fed Policy and the Threat of StagflationApr 4, 2022
Investors are increasingly focused on inflation and the Fed’s tightening of monetary policy. With the Russia-Ukraine war and resulting sanctions, they may also worry about slowing economic growth. We model three economic scenarios’ potential impact on markets.
Riding Rising Interest Rates with the Agency-MBS ModelMar 1, 2022
Expectations of higher inflation dominated the market for U.S. agency mortgage-backed securities in 2021. We reviewed the performance of our agency-MBS model in 2021, to assess its accuracy and help investors manage MBS risk through what may be a volatile 2022.