Fixed Income Under the Spotlight
Exploring Tail Risks:
What If Scenarios in the Year of the Dragon
How We Invest
Our Active 360° Fixed Income Approach
We believe our active fixed income approach is key to navigating today's challenging bond market and adding long-term value. Our fixed income investment process combines collective expertise, long-term discipline and risk management to capitalize on changing market dynamics.
The fixed income investment team works closely with the equity and quantitative teams, sharing information and debating ideas. We assess the opportunity set as it changes and position our funds’ holdings, for the long-term, which benefit from durable credit fundamentals and attractive valuations. We take on risk intentionally when we believe we are being compensated appropriately and reduce it when we don’t.
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The Big Mac
- English
- Institutions & Consultants
- Insights
- Fixed Income
The Big Mac
A periodic global fixed income note that discusses relevant topics across bond markets and the global macro environment
The Big Mac | READJanuary 10, 2024The Big Mac on Fixed Income Allocation: FIFOMO
In this edition of the Big Mac, we discuss how the Fixed Income Fear Of Missing Out (FIFOMO) is going to be the new fear that fixed income investors will soon be facing.
The Big Mac | READOctober 12, 2023The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
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Macro Talking Points
Macro Talking Points
Weekly global fixed income analysis through a macroeconomic lens
Macro Talking Points | READJuly 1, 2024Macro Talking Points - Week of 1 July 2024
Global fixed income market analysis through a macroeconomic lens.
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Fixed Income Insights
Fixed Income Insights
Fixed income market and asset class analysis, positioninig, and other perspectives from across MFS
Macro Talking Points | READJuly 1, 2024Macro Talking Points - Week of 1 July 2024
Global fixed income market analysis through a macroeconomic lens.
Fixed Income Insight | READJune 13, 2024The Impact of Higher for Longer on High Yield
While the valuation landscape for high yield has become more challenging, we believe there are still plenty of attractive opportunities that can be identified through a thorough security selection process.
Retirement Insight | READJune 7, 2024Rethinking the Role of Fixed Income Along the Retirement Savings Journey (Canada)
In this paper we discuss the role of fixed income in target date funds, emphasizing the importance of aligning risk profiles with evolving member objectives throughout the retirement savings journey.
Fixed Income Insight | READMay 29, 2024Generational Opportunity in Fixed Income
Discover how today's high yields and evolving market conditions create a compelling case for integrating global bonds into your portfolio.
Fixed Income Insight | READMay 15, 2024Fixed Income Under the Spotlight: Exploring Tail Risks: What-If Scenarios in the Year of the Dragon
Co-CIO of Fixed Income Pilar Gomez-Bravo, shares her thoughts on three key tail risks and how they could impact the global fixed income markets and our portfolio positioning.
Fixed Income Insight | READMay 13, 2024Should Emerging Market Debt Investors Worry About Higher-For-Longer?
Explores the implications that higher interest rates may have for sovereign emerging market debt (EMD) investors.
Fixed Income Insight | WatchMay 8, 2024MFS® Emerging Markets Debt Strategy - Quarterly Portfolio Update | Transcript
Katrina Uzun, Institutional Portfolio Manager, shares the team's thoughts on emerging markets and provides a quarterly update on the Emerging Markets Debt Strategy.Fixed Income Insight | READApril 24, 2024MFS EMD Team Views on the Situation in the Middle East
Provides commentary on the current geopolitical environment in the Middle East and how the Team is positioning its portfolios.
Fixed Income Insight | READApril 18, 2024Is It Time To Shift From Cash to Bonds?
While shifting investor allocations from bonds to cash appeared to be the right move during the rate hiking episode, impending rate cuts from the Bank of Canada may indicate it is time to re-allocate back to fixed income.
Market Insight | READMarch 28, 2024GLP-1s Weigh on the Market
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
Fixed Income Insight | READMarch 15, 2024Taxable Municipal Bonds May Hold the Key to Better LDI Portfolios
With deeper representation across the long duration spectrum, lower historical default rates and higher yields relative to comparable quality corporate bonds, taxable municipal bonds can complement and potentially enhance LDI portfolios.
Fixed Income Insight | READMarch 14, 2024European High Yield: High Yield, High Expectations
Outlines why we believe European High Yield is an asset class that deserves to be on investors’ radar given its attractive valuation characteristics, fundamental strength, favorable technicals and long-term performance record.
Fixed Income Insight | READFebruary 8, 2024Fixed Income Under the Spotlight: Three Key Themes for 2024
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today’s bond investors including the fight between growth and inflation, building portfolios for an uncertain world and fragility.
Fixed Income Insight | READJanuary 18, 2024Expanding Horizons: The Case for Global Bonds in Liability-Driven Investing
Global investment-grade bonds can potentially complement traditional liability-driven investment (LDI) strategies, bringing the potential for attractive risk-adjusted returns while still maintaining critical liability hedging characteristics.
Fixed Income Insight | READNovember 10, 2023Fixed Income Investing in US Recessions
We examine how, during economic downturns, fixed income has offered diversification benefits and reduced the volatility of portfolios that include risk assets such as equities.
The Big Mac | READOctober 12, 2023The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
General Insight | READAugust 24, 2023An Active Approach to Investing in Taxable Municipal Bonds
We examine the strategic case for investing in the taxable municipal bond asset class and present the argument for active investment to seek alpha. We also review why we think it is currently an attractive time to consider an allocation to the taxable municipal market.
General Insight | READAugust 22, 2023Finding a Sweet Spot for Local Emerging Market Debt
We discuss the four stages of the typical cycle for emerging markets local debt, the fundamental framework of the marketplace, and the potential opportunity set offered to today's investors.
Fixed Income Insight | WatchAugust 17, 2023Active Management in Fixed Income: Opportunities, Risks and Investment Approach | Transcript
MFS Co-CIO Fixed Income, Pilar Gomez-Bravo, shares her views on how an active fixed income approach is key to navigating today’s challenging bond market and adding long-term value.READAugust 11, 2023Fixed Income Under the Spotlight: Five Key Questions for Investors
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today's bond investors, including the risk of recession and the potential effects of China's economic slowdown.
General Insight | READApril 6, 2023MFS Fixed Income History
Provides insight on MFS's deep history and expertise fixed income as well as its risk managed approach and Global Research Platform.
General Insight | READMarch 13, 2023The Potential Benefits for European Investors of a Strategic Allocation to Emerging Market Debt
- English
- Institutions & Consultants
- Insights
- Fixed Income
The Big Mac
A periodic global fixed income note that discusses relevant topics across bond markets and the global macro environment
The Big Mac on Fixed Income Allocation: FIFOMO
In this edition of the Big Mac, we discuss how the Fixed Income Fear Of Missing Out (FIFOMO) is going to be the new fear that fixed income investors will soon be facing.
The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
Macro Talking Points
Weekly global fixed income analysis through a macroeconomic lens
Macro Talking Points - Week of 1 July 2024
Global fixed income market analysis through a macroeconomic lens.
Fixed Income Insights
Fixed income market and asset class analysis, positioninig, and other perspectives from across MFS
Macro Talking Points - Week of 1 July 2024
Global fixed income market analysis through a macroeconomic lens.
The Impact of Higher for Longer on High Yield
While the valuation landscape for high yield has become more challenging, we believe there are still plenty of attractive opportunities that can be identified through a thorough security selection process.
Rethinking the Role of Fixed Income Along the Retirement Savings Journey (Canada)
In this paper we discuss the role of fixed income in target date funds, emphasizing the importance of aligning risk profiles with evolving member objectives throughout the retirement savings journey.
Generational Opportunity in Fixed Income
Discover how today's high yields and evolving market conditions create a compelling case for integrating global bonds into your portfolio.
Fixed Income Under the Spotlight: Exploring Tail Risks: What-If Scenarios in the Year of the Dragon
Co-CIO of Fixed Income Pilar Gomez-Bravo, shares her thoughts on three key tail risks and how they could impact the global fixed income markets and our portfolio positioning.
Should Emerging Market Debt Investors Worry About Higher-For-Longer?
Explores the implications that higher interest rates may have for sovereign emerging market debt (EMD) investors.
MFS® Emerging Markets Debt Strategy - Quarterly Portfolio Update | Transcript
MFS EMD Team Views on the Situation in the Middle East
Provides commentary on the current geopolitical environment in the Middle East and how the Team is positioning its portfolios.
Is It Time To Shift From Cash to Bonds?
While shifting investor allocations from bonds to cash appeared to be the right move during the rate hiking episode, impending rate cuts from the Bank of Canada may indicate it is time to re-allocate back to fixed income.
GLP-1s Weigh on the Market
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
Taxable Municipal Bonds May Hold the Key to Better LDI Portfolios
With deeper representation across the long duration spectrum, lower historical default rates and higher yields relative to comparable quality corporate bonds, taxable municipal bonds can complement and potentially enhance LDI portfolios.
European High Yield: High Yield, High Expectations
Outlines why we believe European High Yield is an asset class that deserves to be on investors’ radar given its attractive valuation characteristics, fundamental strength, favorable technicals and long-term performance record.
Fixed Income Under the Spotlight: Three Key Themes for 2024
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today’s bond investors including the fight between growth and inflation, building portfolios for an uncertain world and fragility.
Expanding Horizons: The Case for Global Bonds in Liability-Driven Investing
Global investment-grade bonds can potentially complement traditional liability-driven investment (LDI) strategies, bringing the potential for attractive risk-adjusted returns while still maintaining critical liability hedging characteristics.
Fixed Income Investing in US Recessions
We examine how, during economic downturns, fixed income has offered diversification benefits and reduced the volatility of portfolios that include risk assets such as equities.
The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
An Active Approach to Investing in Taxable Municipal Bonds
We examine the strategic case for investing in the taxable municipal bond asset class and present the argument for active investment to seek alpha. We also review why we think it is currently an attractive time to consider an allocation to the taxable municipal market.
Finding a Sweet Spot for Local Emerging Market Debt
We discuss the four stages of the typical cycle for emerging markets local debt, the fundamental framework of the marketplace, and the potential opportunity set offered to today's investors.
Active Management in Fixed Income: Opportunities, Risks and Investment Approach | Transcript
Fixed Income Under the Spotlight: Five Key Questions for Investors
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today's bond investors, including the risk of recession and the potential effects of China's economic slowdown.
MFS Fixed Income History
Provides insight on MFS's deep history and expertise fixed income as well as its risk managed approach and Global Research Platform.