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Market Insights

Notes from the Trading Desk - Q4 2024

2024 was marked by slowing inflation, interest rate cuts, and elections impacting global bond markets. With looming inflation risks and trade uncertainties tied to Trump's policies, we are focused on tactical trades while balancing capturing value with risk management.
Q4 2024

As we head into the first quarter of 2025, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.
D4N swaps are re-emerging as a potential solution to economic and climate crises

Debt-for-nature (D4N) swaps are re-emerging as a promising solution for developing countries to reduce foreign debt while committing to environmental conservation. Since 1987, more than 140 such agreements have been made. However, despite their significant potential, D4N swaps still face ongoing challenges that could hinder their overall effectiveness.
2025 Outlook

With uncertainty around the US election now in the rearview and year-end fast approaching, we discuss what lies ahead for fixed income markets in 2025.

In light of the booming growth of capital allocated to private credit over the past decade, our CEO shares his views on the different dynamics of private and public credit, drawing on his experience and insights to highlight the potential impact on investor portfolios.
Q3 2024

As we head into the final quarter of 2024, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.
Notes from the Trading Desk - Q3 2024

Fixed income continues to be in vogue as we head into the end of the year. We remain cautiously optimistic, mindful of potential volatility given global geopolitical risks and the political and inflationary risks associated with the US election.
August 2024 Newsletter

In this newsletter, we discuss what we expect will occur in credit markets in the coming months, highlighting the key themes and opportunities that will matter to investors.
Bonds vs. GICs in a Falling Rate Environment

As central banks cut rates, market dynamics shift for different types of assets. In this article, we explain why corporate bond funds can be more appealing than GICs in a falling rate environment.
Notes from the Trading Desk - Q2 2024

As central banks work to balance rate cutting cycles with inflation risks, politics took centre stage toward the latter end of Q2. In this note, we summarize our views on the current environment and highlight our outlook as we head into the third quarter.
Q2 2024

As we head into the third quarter of 2024, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.
The benefits of actively managed credit strategies in the current rate environment

We believe the continued dislocation across global markets offers an excellent opportunity to generate alpha by actively allocating to what we view as the best risk-reward opportunities. The RPIA Investment Team is currently focusing on several themes that we believe can lead to superior risk-adjusted returns.
Notes from the Trading Desk - Q1 2024

Slowing issuance, combined with the high inflows into fixed income, lends for a significant tailwind where investors can take advantage of the compelling opportunities in active credit.
Will 2024 finally be the Year of the Bond?

As we head into Q2, we gathered some of the key themes and opportunities we see in the current market environment.
Letter from the CEO

Our CEO discusses the recent challenges in the private debt space and how they have changed the way investors evaluate liquidity and transparency within their portfolios.
Insights from the IFRS Sustainability Symposium 2024

The IFRS Sustainability Symposium 2024 provided valuable insights into the future landscape of sustainability-related financial disclosures and our own ESG integration approach.
February 2024 Newsletter

The all-in yield backdrop in corporate fixed income remains unequivocally attractive, especially considering global central bankers are likely on our side going forward. With demand outweighing abundant supply, there is no shortage of opportunities in fixed income.
Where portfolio management meets technology

Our proprietary trading tool, "SANTA," helps optimize our investment process by facilitating portfolio structuring, identifying mispriced securities, and improving execution efficiency.
A Closer Look at the Culture of Harassment in Remote Mining Sites

Our Credit Research Team recently conducted an important analysis on the Mining sector, which revealed challenging gaps in ESG metrics and standards for the industry. This paper takes a closer look at the culture of harassment in remote mining sites and analyzes the challenges and gaps regarding diversity targets and safety metrics in the industry from an ESG investing perspective.
Highlighting Key Drivers for 2024

As we head into 2024, we gathered some key themes and observations we believe will define the year ahead. Given the current economic outlook and valuation levels, we believe there is an opportunity for investors to de-risk portfolios by adding to active credit strategies. These strategies can act as an effective yet simple solution in a potentially choppy environment.