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Is the bad news priced in?
by Rob Waldner of Invesco, 11/11/19

Economic policy uncertainty and trade conflict may linger, but without a US recession, I do not anticipate significant further slowing in global growth.

Markets Shift Sharply as Uncertainty Rises
by Rob Waldner, James Ong of Invesco, 9/12/19

Invesco Fixed Income remains cautious on risk until the dynamic between growth and monetary policy is resolved.

Five Risks That Could Affect Fixed Income Markets
by Rob Waldner of Invesco, 7/16/18

Invesco Fixed Income is positive on fundamentals for the rest of this year. Global growth is solid and inflation is tame. As central banks have pivoted away from stimulus, tighter financial conditions have hurt risky assets. But major central bank policies are still generally easy — we expect the Federal Reserve to tighten gradually, and the runway for other central banks to normalize policy is still long.

Interest Rate Outlook: Above-Trend Growth Could Cause Us Inflation Later in 2018
by Rob Waldner of Invesco, 2/12/18

We expect US interest rates to be range-bound in the first half of 2018, but with a risk of higher yields in the second half. Our rates view is driven by our analysis of growth, inflation and monetary policy in the US and globally.

Global Fixed Income Markets Look Well-Supported by Macro Factors
by Rob Waldner of Invesco, 1/10/18

Invesco Fixed Income’s macro factor framework provides an understanding of how developments in growth, inflation and financial conditions globally are likely to impact markets.

Interest Rate Outlook: Long-Term US Rates Could Rise on Global Growth and Stabilizing Inflation
by Rob Waldner of Invesco, 9/18/17

Invesco Fixed Income shares its views on rates around the world.

Interest Rate Outlook: US Inflation Data Unlikely to Deter Fed from September Tapering
by Rob Waldner of Invesco, 7/17/17

Invesco Fixed Income shares its views of rates around the world.

Interest rate outlook: Eurozone economy now in “Goldilocks” phase
by Rob Waldner of Invesco, 6/12/17

Invesco Fixed Income shares its views of rates around the world

Interest Rate Outlook: European Markets Return to Fundamentals
by Rob Waldner of Invesco, 5/15/17

Invesco Fixed Income shares its views of rates around the world.

Interest Rate Outlook: Global Growth Could Push US Yields Higher
by Rob Waldner of Invesco, 4/17/17

Invesco Fixed Income shares its views of rates around the world

Bond Investors: Don’t Fear the Fed
by Rob Waldner, Joseph Portera, Mike Hyman of Invesco, 2/27/17

In December, the US Federal Reserve (Fed) raised interest rates, as predicted, and raised expectations for more increases in 2017. At Invesco Fixed Income, we believe one of the best ways to handle a rising interest rate environment is to have a portfolio diversified across different credit-related asset classes.

Macro Factor Framework Helps Assess New Market Conditions
by Rob Waldner, Chief Strategist and Head of Multi-Sector of Invesco, 12/9/16

Invesco Fixed Income utilizes a framework based on the idea that changes in growth, inflation and financial conditions drive much of market beta performance, and that understanding these “macro factors” can help us understand market conditions and price action.

What will drive markets after Trump’s victory?
by Rob Waldner, Chief Strategist and Head of Multi-Sector of Invesco, 11/14/16

The US election results bring short-term uncertainty, but policy will be key in the medium term

The ECB Remains Focused on Its Targets
by Rob Waldner of Invesco Blog, 4/25/16
The European Central Bank (ECB) surprised markets once again on April 21 with the timing of some important announcements and also the scope of its bond purchasing program. While the ECB kept all three of its policy interest rates on hold — as expected — and the size of its asset purchase program unchanged at EUR80 billion a month, ECB President Mario Draghi provided new details in a news conference on the implementation of the bank’s program and on the scope of what assets it can buy. At a high level, Draghi summarized by saying that the ECB’s monetary policies are working, but they need time to be more effective.

ECB Makes a Bold Move to Boost Growth
by Rob Waldner, Mark Nash, Nicholas Wall of Invesco Blog, 3/11/16
New monetary stimulus measures announced today by the European Central Bank (ECB) represent a bold move, in our view, and should be positive for riskier European assets, such as credit assets.

Global Currency Watch: The Chinese Renminbi
by Rob Waldner of Invesco Blog, 1/22/16
Volatility in China has been a major driver of global markets, and Chinese foreign exchange policy has been a critical aspect of this volatility. The recent depreciation of China’s currency, the renminbi (RMB), has increased the volatility of currency pairs across Asia and may affect markets across the world.

Fed Hikes 25 Basis Points, Signals Gradual Path
by Rob Waldner of Invesco Blog, 12/28/15
On Dec. 16, the Federal Open Market Committee (FOMC) increased the federal funds target rate range from 0-0.25% to 0.25-0.5%, in line with market expectations and Invesco Fixed Income’s baseline scenario. The committee’s “dot projections,” each member’s estimate of the federal funds rate based on personal economic projections, were unchanged for 2016, with a slight shift down thereafter. The median projection is often compared with overall market expectations. The dots signaled a faster pace of interest rate increases than the market had expected before the meeting.

Chinese Yuan Depreciates Further: What is the Endgame?
by Rob Waldner of Invesco Blog, 8/17/15
After China’s surprise devaluation of the yuan by 1.9% last Tuesday, the Chinese currency was devalued by another 1.6% on Wednesday. Policymakers appear to be following a pattern of setting the daily fix, which sets the center point for trading during that day, with reference to the market price at the close of the previous day. Invesco Fixed Income believes that further devaluations are likely as the People’s Bank of China (PBoC), the country’s central bank, acquiesces to market pressure and price movements over time.

Greek Referendum: Definitive Vote Ushers in Further Uncertainty
by Rob Waldner, Mark Nash of Invesco Blog, 7/10/15
Greek voters sent a definitive message Sunday, July 5. They said “no” to further austerity measures required for additional bailout aid from the European Union (EU). In a 60/40 vote, Greek voters rejected EU reforms and entitlement cuts required for a new EU funding program. But according to exit polls, the referendum did not appear to be a vote to leave the euro.

Why We’re Cautious on Credit
by Rob Waldner of Invesco Blog, 2/17/15
In the current environment of rising global volatility and potentially weak US corporate earnings growth, Invesco Fixed Income is cautious on US and European credit. While European investment grade credit may be supported by the European Central Bank’s (ECB) program of quantitative easing (QE), we believe US investment grade would likely underperform US Treasuries in the current environment, although we would expect it to perform better than riskier assets.

Swiss Surprise: National Bank Ends Currency Cap
by Rob Waldner, Nicholas Wall, Ray Uy of Invesco Blog, 1/20/15
On Jan. 15, the Swiss National Bank (SNB) unexpectedly abandoned its policy to cap the value of the franc at 1.2 euros.1 Over the past few years, the SNB has had to sell billions of francs to buy euros to prevent an excessive appreciation of the domestic currency - a too-strong currency could dent the country?s export business.
21 results found.