Fixed Income

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Securitized Credit: As market evolves, selection rigor can separate tailwinds from the traps

As securitized markets continue their evolution, rigorous security selection can separate tailwinds from the traps.

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The Legacy of QE: What Will History Books Say?

While dovish comments by the Fed have recently buoyed markets, looking under the hood of global central bank balance sheets raises longer-term concerns about the legacy of quantitative easing.

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CLO Hysteria: Fact versus Fiction

Ten years have passed since the financial crisis and many pundits are using this arbitrary anniversary to prognosticate the next great financial calamity. This week, CLOs take their turn in the spotlight.

Is Tech the Next Credit Bubble?

May 9, 2018

The strong growth in technology debt over the past decade has raised concerns that a bubble may be forming. However, a closer look at the data reveals that tech fundamentals are generally healthy.

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The Rising Tide of Corporate Tax Reform Will Lift All Boats? Not Exactly.

January 30, 2018

Analyzing tax reform through the lens of recent earnings reports shows that the impact is likely to vary broadly across the corporate landscape. Not all companies will benefit to the same extent. More importantly, however, not all companies will make decisions that benefit bondholders. For fixed income investors, this is yet another reminder that security selection will likely be the most important factor in determining investment success in 2018.

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How Protected are RMBS Investments from Natural Disasters?

October 4, 2017

Risks posed by recent storms are accounted for within RMBS structures and evaluated by investors. However, given the magnitude of the potential devastation associated with these recent storms in such a short time period, it is prudent to reassess this risk.

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