Fixed Income Indexes Blurb


Announcing the Launch of CAD Currency Fixed Income Indexes

Building on MSCI's market leading Climate, ESG and Factor (Carry, Quality, Value, Size and Risk) capabilities, we have extended our range of differentiated Fixed Income Indexes with the launch of CAD currency especially relevant to Canadian investors

Explore More

Dynamic content cards

Our Latest Research


How Climate Change Could Impact Credit Risk

Oct 20, 2021 Reka Janosik, Thomas Verbraken

Investors are increasingly focused on gauging the risks related to climate change. We investigated how various climate scenarios could impact the credit risk of portfolios. In one scenario, 16% of investment-grade issuers could migrate to high yield.


Managing Against MBS Indexes: A Duration Perspective

Jul 30, 2021 Yihai Yu, Anant Bhatnagar

Mortgage-backed securities constitute a significant portion of fixed-income indexes. Managing MBS portfolios against these indexes depends heavily on an understanding of the dynamics of MBS duration, especially in volatile markets.


Credit Strategies During the COVID-19 Crisis

Jul 27, 2021 Chenlu Zhou, Shuyin Hua

Short-term credit spreads widened to a greater extent than long-term spreads during the March 2020 COVID-19 crisis. As a result, many U.S. corporate-issuer spread curves flattened or even inverted. What were the implications for corporate-bond investors?


What Could a Rate Hike Mean for Portfolios?

Jul 22, 2021 Daniel Szabo, Thomas Verbraken

Although the Federal Reserve may not begin raising rates anytime soon, U.S. and global markets are scrutinizing the Fed’s communications about the likely course of policy actions. We consider three scenarios for the timing of policy responses.

Research Paper

MSCI Liquidity Risk Monitor

Jul 12, 2021

The MSCI Liquidity Risk Monitor is a quarterly publication that shows the development of several liquidity risk indicators over the previous 12 months.


Chinese RMBS: A Way to Diversify Fixed-Income Portfolios?

Jul 7, 2021 Jian Chen, Yihai Yu

The market in Chinese residential mortgage-backed securities is growing, as global investors are eying the segment’s relatively high yield and potential for diversification, but seeking improved credit ratings and transparency in data and pricing.


Securitized Products’ LIBOR Transition Picking Up Pace

Jun 22, 2021 Vikram Tuteja, Yihai Yu

In 2021, there has been significant progress in the transition from the LIBOR reference rate to its replacement, SOFR. But investors in securitized products are grappling with the challenge of the LIBOR-SOFR transition and its impact on their analytics.


CDS Fading as a Measure of Value in Emerging Markets

Jun 17, 2021 Zoltan Fekete, Reka Janosik

Credit investors use spreads to compare relative value and risk. Studies of emerging-market sovereign debt have shown that credit-default swaps tended to be a better measure of value than spreads computed from bonds. But is it still the case?

Fixed Income Related Content