FISR News and Press, SPDR SSGA Fixed Income Sector Rotation ETF From 08/02/21

The US high-yield index is almost $1.6 trillion, but it pales in comparison to a broader global multi-sector universe that tops $8 trillion. Ever-changing global economic and market conditions mean every category has the chance of being the best or worst performing in any given year. ...

Most frontier markets remain focused on prudent debt-management strategies and maintaining access to international capital markets as a complementary source of financing. A supportive external backdrop, resilient fundamentals, and continued focus on macroeconomic reform bode well for ...

The inflation story in emerging markets remains highly differentiated, but the pandemic caused a sharp decline that was felt across all regions. Food inflation has been rising across major emerging markets. However, several local factors impact food inflation, and the causes of higher...

Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields. Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled...

Growth-oriented asset classes are likely to shine, but not equally. Above-trend growth is a supportive environment of risky assets like equities or credit. On valuation grounds, equities are looking a little cheaper. Geraldine Sundstrom and Erin Browne discuss PIMCO’s views...

Surging economies bolstered government revenues, fundamentals, and creditworthiness. A decade ago, emerging equity indices reflected industries typically associated with less developed economies - heavily reliant on natural resources. Growing scrutiny of environmental, social, and...

In 2021, energy is where the money is going. Money is flowing out of Momentum stocks this year, and much of it is going into Value names. Commodities are having a strong showing compared to last year. For further details see: If You Want To Know Where The Market Action I...

While we believe overall market conditions should remain favorable for emerging markets (EM) debt, the pandemic created idiosyncratic risks and diverging prospects across EMs. The EM debt universe consists of three main types of debt: 1) sovereign debt; 2) quasi-sovereign debt; and 3)...

Risk-adjusted performance for the Global Market Index (GMI) continued to push higher in June, based on the annualized Sharpe ratio for a rolling ten-year window via monthly data. GMI’s 10-year SR increased to 0.84, the highest in 18 months. GMI is an unmanaged, market-value...

Investment uncertainty is focused on the nature of the current spike in inflation, which the Fed argues is transitory, though a growing number of people do not buy this narrative. Historically, the Fed has never been able to head off any longer-lasting inflation uptrends without a recessi...