Fixed Income

Special report · 02 Mar 2026

The long-term performance of Swiss equities and bonds (1900–2025)

Pictet Wealth Management has released the updated edition of its study on the long-term performance of Swiss equities and bonds. The analysis now extends back to 1900 – previously 1926 – and includes the performance of Swiss equities and Swiss franc-denominated bonds from 1900 to 2025.

Fixed Income · 27 Nov 2023

Emerging-market bonds: 2024 outlook

Emerging-market bonds, both government and corporate, will be an attractive source of portfolio diversification.

Fixed Income · 30 Aug 2023

The case for Asia fixed income

Asia investment-grade credits are well positioned to cope with the macro challenges ahead.

Fixed Income · 23 May 2023

Credit markets update

Challenging environment ahead

Fixed Income · 06 Apr 2023

Bonds’ roller-coaster ride may not be over yet

We believe market pricing of Fed rate cuts this year is premature, opening up the chance of a small rebound in two-year Treasury yields.

Fixed Income · 17 Feb 2023

Our 2023 outlook for Italian sovereign bonds

A ray of sunshine through the clouds.

Fixed Income · 12 Jan 2023

Our 2023 outlook for emerging-market bonds

We expect Asian corporate bonds to make a comeback this year thanks to Chinese re-opening, while local-currency bonds could be helped by an end to US rate rises and currency trends.

Fixed Income · 22 Dec 2022

Our 2023 outlook for German Bund

Safe-haven status in question.

Fixed Income · 13 Dec 2022

Our corporate bond outlook for 2023

A rising default rate should not be such bad news for investment-grade credits.

Fixed Income · 08 Dec 2022

Our 2023 core sovereign bonds outlook

US Treasuries' safe-haven status set for a comeback.

Fixed Income · 01 Nov 2022

US Treasuries volatility is rising amid deteriorating liquidity

As we await tangible signs that the end of Fed rate hikes is near, we remain neutral on US Treasuries.

Fixed Income · 28 Jul 2022

German and Swiss sovereign bonds update

We stay neutral on core sovereign bonds as we expect them to remain a safe-haven asset in case of economic recession or financial markets turmoil.

Fixed Income · 25 Jul 2022

Italy government bond update

Given upside risks on 10-year Buoni Poliennali del Tesoro (BPT) yields we remain underweight euro periphery government bonds.

Fixed Income · 30 Jun 2022

Treasury yields seen as heading down by year’s end

Expecting a lot of near-term volatility, we remain neutral on US government bonds for now.

Fixed Income · 08 Jun 2022

Aggressive pricing hurts convertible bond market

Convertibles have had a hard time this year…but there is a silver lining.

Fixed Income · 30 May 2022

More pressure on the renminbi, less on bonds

Monetary policy divergence could continue to weigh on the Chinese currency, while the closing of the yield gap means we have moved from an overweight to neutral on Chinese government bonds.

Fixed Income · 06 May 2022

Close to a peak?

We expect the upward pressure on government bond yields to ease as the year progresses.

Fixed Income · 13 Apr 2022

Looking for ‘safe’ carry

US investment-grade bonds could prove relatively resilient as conditions for credit become tougher.

Fixed Income · 12 Jan 2022

Our 2022 scenario for corporate bonds

Looking for a comfortable spread cushion.

Fixed Income · 10 Dec 2021

Our 2022 scenario for the UK economy and gilts

We are relatively cautious on the UK’s prospects next year. We remain underweight UK government bonds.

Fixed Income · 21 Sept 2021

Tailwinds for euro periphery bonds

Positive yields and falling spreads mean we are relatively more upbeat on Italian and Spanish debt than on euro government bonds in general.

Fixed Income · 20 Aug 2020

The European Bond Market - New Hegemon?

With nearly a trillion euro of bonds potentially in issue by 2024, the EU has created a deep, liquid and highly investable market.