Disclaimer: Views in this blog do not promote, and are not directly connected to any Legal & General Investment Management (LGIM) product or service. Views are from a range of LGIM investment professionals and do not necessarily reflect the views of LGIM. For investment professionals only.

Markets and economics

Economics

The disunited states risk a second wave of COVID-19

The evidence suggests that some states in the US are easing their lockdowns before they have passed peak coronavirus levels.  
By James Carrick

Economics

COVID-19: markets are overly sanguine

I recently discussed on Bloomberg why we think the market is placing too much confidence in when economies can reopen and to what degree.;
By John Roe

Fixed income

Angel delight

It’s raining bonds, investment-grade bonds. We are seeing an increasing number of bonds falling out of the investment-grade heavens and being ‘junked’ due to the bleak economic fallout from COVID-19.;
By Aimee Bowkett

Equities

Tech’s appeal: five little-discussed reasons to like tech stocks

The long-term structural bull case for the technology sector and the relative strength of several tech firms during the recession are well established. But we believe the present crisis has also created additional macro tailwinds for tech stocks.  ;
By Lars Kreckel

Fixed income

Free Fallin’: credit ratings following the COVID-19 crisis

Over $230 billion of bonds has been downgraded from investment grade to high yield so far this year, smashing the previous record for so-called fallen angels. We think this is just the tip of the iceberg.  ;
By Madeleine King

Equities

Giving the unlovables a chance

Amid so much uncertainty, crowded positions can be particularly risky. I explain why we are therefore giving unlovable ideas a chance in this discussion on Bloomberg.  ;
By John Roe

Fixed income

The (w)ides of March

We answer your questions on credit markets  ;
By Mark Benstead

Economics

US/China relations: no thaw in the new cold war

Not so long ago, the trade war between the US and China was the greatest geopolitical risk facing the market. COVID-19 has taken its place at the front of investors’ minds, but it hasn’t eased the underlying tensions – and may have exacerbated them.  
By Emiel van den Heiligenberg

Economics

What explains emerging markets’ relatively low COVID-19 fatality rate?

Our new research suggests that emerging markets may be less vulnerable to the current crisis than previously thought.  
By Erik Lueth

Equities

Earnings season brings micro relief

Earnings beating expectations has brought some good micro news after weeks of macro negativity – but the relief may well prove to be micro in duration, too.  ;
By Lars Kreckel

Economics

Escaping lockdown: revisiting the economic scenarios

A lot has changed in the month since we set out our thoughts on what comes next for the global economy. The range of outcomes has narrowed a little, but there remains huge uncertainty about the virus, the speed of recovery, the lasting damage to output, and inflation implications.  ;
By Tim Drayson

Fixed income

Emerging-market debt during and after the crisis

What is the outlook for emerging-market debt amid the global economic shutdown?  ;
By Raza Agha

Equities

Making the REIT call

Real-estate investment trusts (REITs) haven’t performed as expected during the sell-off; in this blog, we explore why and consider the outlook for the sector.  ;
By Lars Kreckel

Fixed income

Angel delight

It’s raining bonds, investment-grade bonds. We are seeing an increasing number of bonds falling out of the investment-grade heavens and being ‘junked’ due to the bleak economic fallout from COVID-19.;
By Aimee Bowkett

Economics

COVID-19: markets are overly sanguine

I recently discussed on Bloomberg why we think the market is placing too much confidence in when economies can reopen and to what degree.;
By John Roe

Fixed income

Corona curves: what next for short-dated credit?

The COVID-19 virus and its impact on global financial markets have been nothing short of exceptional, much like the unprecedented measures governments and central banks around the world have implemented in response.  ;
By Amélie Chowna

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