David Riley joins us on the BlueBay Insights podcast to discuss credit markets and the policy monetary policy meetings.We asked David:Global equities have posted new highs and US Treasury yields have fallen. Are we back in a ‘goldilocks’ environment for markets?How would you characterise the state of credit markets?With valuations quite high by historic standards, how much more value is there left in credit?You mentioned emerging market credit as lagging developed market credit in the first months of this year. Is there contagion risk from the distress of the Chinese company Huarong that is currently in the headlines?The ECB’s latest monetary policy meeting just concluded. What are your takeaways?The Fed meets next week. Are you expecting any fireworks?Any other recent developments you think are worth highlighting?

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Bears stay away from Goldilocks - David Riley

Tim Leary joins us on the BlueBay Insights podcast to give a quick update on global high yield markets as we enter Q2. We asked Tim:Can you give us a quick overview of the global high yield market year-to-date – how’s the first quarter gone for US high yield?How does that compare to European HY?Which market do you favour for the rest of the year?What do you think will drive returns through Q2 and into the second half of the year?Conversely, what do you see as the top three challenges or risks to high yield performance in 2021?How might Joe Biden’s USD1.9 trillion stimulus package impact the high yield market?The reflation trade is topical at the moment – is this a cause for concern? How could higher inflation impact high yield?

Global high yield update – Tim Leary

David Riley joins us on the BlueBay Insights podcast to share his thoughts on the months ahead.We asked David:Let’s take stock of the quarterWhat do you think will be the key issues and themes for the quarter ahead? You highlighted is another fiscal package out of Washington. Moving over to Europe - there seems to be some risk to the implementation of the EU Recovery Fund. What is going on?Any thoughts on the Archegos saga?

Much to ponder in the months ahead - David Riley

David Riley joins us on the BlueBay Insights podcast to update us on the latest round of central bank meetings.We asked David:The US Federal Reserve meeting was highly anticipated. Did it live up to its headline billing?The Fed revised up its growth and inflation forecasts, but was there any change to its interest rate projections, the so-called dots?It does seem the Fed was very dovish, yet bond yields continue to move higher.The US Federal Reserve was not the only central bank meeting yesterday. The Brazilian central bank also held a policy meeting.The ECB also had a policy meeting, could you update us?How should investors navigate higher bond yields and interest rate volatility?

Patient Powell, impatient markets - David Riley

David Riley joins us on the BlueBay Insights podcast to share his views on the performance of the financial markets and the latest economic data.We asked David:What are your takeaways from the performance of financial markets so far this year?China’s top bank regulator said he is worried by bubbles in foreign financial markets. Do you share his concerns?Returning to the bond market, is the tantrum over?Stepping back, is the flow of economic data consistent with our above-consensus view for global growth?Any key highlights from the UK budget worth sharing with our international audience?

Bulls, bubbles and bond vigilantes - David Riley

David Riley joins us on the BlueBay Insights podcast to share his views on bond yields. Will they go higher?We asked David:Yields on government bonds have moved meaningfully higher. What are the drivers of the rise in bond yields?Do you think that bond yields can go much higher?Are you worried that there could be another ‘taper tantrum’?Are you concerned by higher bond yields?

Bond bears growling - David Riley

Marc Stacey joins us on the BlueBay Insights podcast to share his expertise on coco bonds & European banks, discussing fundamentals, risks, ESG opportunities and the potential investment ‘sweet spot’ enjoyed by AT1 capital.We asked Marc:Banks were deemed villains following the global financial crisis back in 2008 but have been a key part of the solution to the corona virus pandemic. Can you talk us through this shift and what it means for investors?Your investment approach has always focused on fundamentals – how are things looking right now? What’s the situation with non-performing loans – have we seen the peak or do you anticipate a pick-up later this year?In a world of rising inflation and swathes of negative-yielding debt, bank capital in the form of AT1s seems to offer something of a ‘sweet spot’ to investors – in your view what’s the potential opportunity here? Where are you seeing the greatest alpha potential?What are the possible risks that could challenge your core investment views this year?Where do you think an allocation to coco bonds best sits within a broader portfolio and who do you think should be looking at the asset class this year?

Cocos in the sweet spot – Marc Stacey

Andrzej Skiba joins us on the BlueBay Insights podcast to share his expertise on the high yield asset class, discussing growth trends, the default outlook, ESG factors and where he sees investment potential this year.We asked Andrzej: With the roll-out of Covid vaccines, most economists are predicting a sharp rebound in global growth during 2021. In your view, could this lead to inflationary pressures and losses in bond markets and how might this impact the high yield asset class?Default rates were surprisingly low in 2020 largely due to government support schemes. As these schemes come to an end, do you expect defaults to pick-up damaging overall high-yield returns?Fallen angels were a big topic last year – could you update us on any trends here and notable impacts from the 2020 downgrades?Historically, the high yield universe was dominated by US issuers, but now the market is more global – how do you and the team manage portfolios to take account of this shift?What about ESG in the high yield market? Is it possible to manage a high yield bond strategy while adhering to ESG principles? And does doing so impact performance?Where do you see the greatest potential opportunities in 2021?

Global high yield update – Andrzej Skiba

David Riley joins us on the BlueBay Insights podcast to discuss the vaccine rollout, corporate earnings and Reddit traders.We asked David:January had been a relatively quiet month for financial markets but ended with headlines over Reddit traders taking on Wall Street. What is your take?In our last podcast, you said you were watching the vaccine rollout and corporate earnings. Let’s discuss vaccines first, there has been quite a lot of news over the last week or so.Finally, what are your initial thoughts on former ECB President Mario Draghi becoming Italy’s new Prime Minister?

Robinhood, Super Mario and the power of science - David Riley

Senior ESG analyst, Lucy Byrne, joins us on the BlueBay Insights podcast to discuss increased transparency in ESG.We asked Lucy:What are the key themes for ESG in our industry for 2021?What are our ESG priorities at BlueBay?How can we practically apply ESG integration?

ESG update – Lucy Byrne

Polina Kurdyavko joins us on BlueBay Insights to share the outlook for Emerging Marketing in 2021.We asked Polina:In a world hungry for growth and income, where do the opportunities lie for Emerging Markets investors in 2021?After a very volatile year what are the key macro and geopolitical risks facing Emerging Markets in 2021?How could EM be impacted by a Biden presidency?How should investors position EM fixed income within their portfolios as 2021 gets underway?

Emerging Markets outlook 2021 - Polina Kurdyavko

David Riley joins us on the BlueBay Insights podcast.We asked David:Joe Biden was inaugurated this week as the 46th President of the United States. What’s your take on his first actions in office and the market implications?Talking of politics, there has been a lot going on in Europe over the last couple of weeks. Can you give a brief update?What were the key takeaways from the latest ECB meeting?What else are you watching right now David?

Policy, politics and vaccines - David Riley

Zhenbo Hou joins us on the BlueBay Insights podcast to share his thoughts on how a change in US leadership could impact China.We asked Zhenbo:Emerging markets rallied as we learnt of the Democratic victory back in November, but what’s the state of play now – how has Trump left relations with China as we head into Biden’s inauguration and how are markets reacting?The Biden administration is expected to bring the return of multilateralism – do you see this manifesting through greater cooperation with China on global issues, or perhaps the US and Europe working together to constrain China’s growing its global dominance?How has your outlook on China shifted as a result of the changing US leadership?How are you expecting Xi and Biden to work together on environmental issues, particularly climate change?

Podcast, China & a Biden presidency - Zhenbo Hou

David Riley joins us on the BlueBay Insights podcast to share his outlook on 2021.We asked David:This is our first podcast of 2021 and it has been an extraordinary start to the year…With the Democrats winning the Georgia Senate races, what are the implications for US policy and investors?Regarding the rise in inflation expectations – is inflation something investors should worry about?We saw a strong rally in December in risk markets yet the virus and lockdowns continue to spread. Is there a disconnect between the market and the real world?

Georgia on my mind - David Riley

David Riley joins us on the BlueBay Insights podcast to update us on the latest economic data and shares highlights from his 2021 outlook.We asked David:There has been a huge amount of economic data and policy news over the last few weeks. What are the takeaways?You recently published your investment outlook for 2021. What are the key highlights?Are you concerned that our investment outlook is consensual?

Good riddance to 2020, hope for 2021 - David Riley

BlueBay experts discuss their views on the market today.