Fixed Income Market Briefing

23rd July 2020 - Live Online - 10:30 - 11:45


Stream 1 Stream 2
10:30 - 11:05

Union Bancaire Privée, UBP SA

Global High Yield Solution

UBS Asset Management

UBS (Lux) Bond SICAV - China Fixed Income (RMB)

11:10 - 11:45 

UBS Asset Management

UBS (Lux) Bond SICAV - China Fixed Income (RMB)  

Union Bancaire Privée, UBP SA 

Global High Yield Solution

Agenda:

Union Bancaire Privée, UBP SA

Investing in Global High Yield Using CDS Indices – Liquid, Efficient and Effective

CDS indices offer liquid, efficient and effective exposure to credit markets and have been shown to consistently outperform traditional bond spreads. CDS indices are single instruments (that are cleared and with no single counter party risk), constructed to be reflective of certain market segments, such as high yield, similar to how the S&P 500 future is reflective of the S&P 500 equity index. Crucially, although liquid in normal market conditions, liquidity actually increases substantially in times of acute market stress. Daily volumes during Covid-19, for instance, increased by 4x – 5x for both European and US high yield CDS indices. This abundant liquidity helps protect investors from excessive draw downs in times of stress.


UBS Asset Management

China: A Bond Market That Pays

China's fixed income market has recently passed Japan as the world's second largest bond market and is expected to grow much larger as onshore bonds go into global indices over the next 1-2 years. With attractive real and nominal yields, fixed income markets in China and Asia stand out in a world of negative yielding debt, but where are the opportunities and what should investors look out for? Join us to learn why China is a bond market that pays.

Speakers:

Head of Fixed Income, Asia Pacific, Managing Director
UBS Asset Management
Senior Investment Specialist
Union Bancaire Privée, UBP SA