The primary market features a new senior unsecured benchmark offering from the sovereign agency sector. Cur Issuer / Obligor Rating(M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature USD Korea Mine Rehabilitation and Mineral Resources Corporation / / 5Y / Sr Unsecured 200 x 1 Mandate Relative Value & Yield Curve Analysis Curve…...
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According to PineBridge Investments’ 2025 Asia Fixed Income Outlook, the Asian high yield bond market is showing signs of recovery after the turbulence of 2023–2024. Default rates are declining and credit fundamentals are stabilizing, supported by easing stress in China’s property sector and broad-based policy support. These improvements have created a more attractive environment for…...
2025 Federal Reserve Rate Cut Path: Consensus Points to Gradual Easing
Diverging expectations for the 2025 rate outlook highlight growing uncertainty, as major institutions adjust their forecasts to address persistent inflation and slowing growth. Accordingly, we have summarized the year-end terminal rate forecasts from four institutions.
2025 Global Market Outlook: Navigating Inflation, Trade Tensions, and Diverging Growth
This article summarizes key insights from four leading institutions on the 2025 global market outlook. J.P. Morgan, Deutsche Bank, UOB, and Allianz Trade have all revised their 2025 global economic forecasts, reflecting a moderation in growth expectations due to persistent inflation, geopolitical uncertainties, and elevated market volatility. J.P. Morgan anticipates strong global growth, supported by U.S. exceptionalism and a resilient dollar, while maintaining a constructive view on credit and equities, but a bearish stance on oil and base metals.