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To analyse credit risks with greater precision, we developed a pricing model in 2017 to capture the influence of ESG factors on credit spreads. Today, we revisit our study to understand the impact that 2020 has had on that relationship.

At the one-year milestone for the nadir of the pandemic-induced financial crisis, the present serves as a useful vantage point to look back and examine COVID-19’s profound impact on credit markets and what it implies for credit investors ahead.

Disruption, speculation in markets, and themes to watch.

Palm oil production needs to change. Rather than staging a boycott, responsible investors should engage with companies across the supply chain to encourage the adoption of globally recognised certification standards.

Biden likely to seek European support to exert pressure on China.

Longer-dated Treasury yields have climbed as markets consider whether economic growth and inflation expectations might accelerate more rapidly. We believe inflation pressures will remain in check and bond yields will be range-bound.

Emerging from the pandemic, an encouraging pathway for China’s economy

We like firms supplying “picks and shovels” for the rush online

Eaton Vance proactive management of emerging markets debt goes beyond the constraints of common active and passive approaches. We outline our process — refined over three decades — for seeking alpha in the sector for clients.

A year of transformation