Surprising Increase in Interest Rates and Accelerated US Economic Growth

From high yield and investment grade credit to emerging markets and securitized debt, what will 2024 hold for fixed income investors? Our panel of experts weighs in on the opportunities and risks ahead.

Moderator:

Matt Livas, Head of Client Portfolio Management for Public Fixed Income

Panelists:

Ricardo Adrogue, Head of Global Sovereign Debt & Currencies

Yulia Alekseeva, Portfolio Manager & Head of Securitized Research

Brian Pacheco, Portfolio Manager, Global High Yield

Episode Segments:

(05:16) – Where to next for rates?

(08:09) – Can the strength in high yield continue?

(12:03) – Cracks in the U.S. consumer’s balance sheet

(15:17) – Assessing corporate fundamentals today

(17:30) – The default outlook for 2024

(21:36) – Why today looks like the late-90’s for EMs

(25:23) – Opportunities in sovereign debt today

(28:00) – The most attractive value on offer in high yield

(30:14) – The opportunity in agency MBS

(33:28) – One move for institutional investors to consider

(36:54) – Lightning Round: U.S. recession / Election outcome / Rates / Top Performers

(40:59) – Bold Predictions for 2024

Book/Podcast Recommendations from our Panelists:

Titan: The Life of John D. Rockefeller, Sr. – Chernow

Hidden Potential: The Science of Achieving Greater Things – Grant

Dr. Gio Valiante on Peak Performance – The Meb Faber Show

Certain statements about Barings LLC made by the participants herein may be deemed to be “testimonials” or “endorsements” as those terms are defined in rule 206(4)-1 under the Investment Advisers Act of 1940, as amended. Participants were not compensated in connection with their participation in this program, although in certain cases they are investors in Barings LLC sponsored vehicles. These investments subject such participants to potential conflicts of interest in making the statements herein.

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