Emerging Market Green Bonds 

The Fixed Income team no longer projects a technical recession in the United States, and the trajectory of disinflation in both the United States and euro area will flatten—primarily due to wage pressures stemming from record low unemployment—and central banks are thus likely to keep rates higher for longer.

In our Deep Water Waves publication, we identified several powerful, connected and long-duration factors that will have a significant impact on investment returns over the next decades. One of these is the debt wave, driven primarily by a combination of economic, geopolitical and demographic pressures.

With higher (for longer) interest rates prompting a “sea change” that’s transforming markets into a lender’s game, the legendary credit investor says it’s a good time for bargain hunters to benefit from selloffs as dislocations emerge in otherwise “reasonable” markets.