In the first week of this year, net capital inflows from various bond market ETFs continued, total net inflows from fixed income ETFs were $7.955 billion, while net inflows from the US bond market were still $6.74 billion. Net imports were $100 million, $582 million, and $25 million, and net exports to emerging markets were $233 million.
By credit rating, the net inflow of investment-grade bonds was $7.134 billion and the net inflow of investment-quality bonds was $1.11 billion.
Franklin Legg Mason Global Fund Manager Western Strategy Kenneth. Rich said 2022 could be the worst year for US Treasuries, the second consecutive two-year decline in 150 years. It will gradually stabilize. US Treasuries are expected to reach high-quality bonds by 2023. Get out of this form of reproduction. There is a clear trend of increasing volatility in the bond market, but first, you can use the global compound bond type with the US dollar as the main allocation, and share the rarely growing market in various bond markets.
Franklin Templeton, Edward Monthly Fixed Income Fund Manager. Fork noted that extending the timeframe and locking in high yields would be one of the main strategies for 2023. He was optimistic that the investment prospects for high-quality bonds would be better than stocks. Bonds are expected to generate potential double-digit returns, with fundamentals expected to improve even as they deteriorate.
Allianz US short-term non-investment bond fund manager Xi Jialing has analyzed and observed the credit quality of US companies, and after the pandemic causes large-scale corporate defaults in 2022, US non-investment grade companies will use their earnings to advance. Debt in 2021. Dealing with economic uncertainty and seeing the wave of non-investment grade ratings continue so far, the net leverage ratio of investment grade companies in the US has fallen from 5.2x to 3.6x over the past two years. The dividend and interest payment ratios are also 5.68, the highest indicators since 2008, and the overall situation of creditor companies is still positive.
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