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.
As we were recently reminded, hurricanes, like other natural disasters, have the potential to be devastating and disrupting events. As Florida and Texas begin the recovery and rebuilding process, historical context provides perspective about the likely impact these storms will have.
Comparing current economic data with 2007 data provides helpful context for the path forward. Our analysis reveals that the U.S. housing market still has meaningful upside. In fact, from several perspectives, we are still in the recovery phase.
Despite well-intentioned portfolio construction and hedging decisions, duration gaps can still occur. In this post, we offer analysis to help insurers assess tradeoffs between yield and duration in the current market environment.
GSE reform is likely to take hold in the current political environment. The impact this reform will have on the mortgage market has the potential to create a wealth of opportunities for fixed income investors.
Perhaps the largest untapped opportunity for e-commerce, groceries have officially joined the ranks of the disrupted consumer-spending categories. Our fixed income team breaks down the likely impact this game-changing deal will have on the real estate, securitization and corporate credit markets.
Investing in credit markets when spreads are below average can be disconcerting. However, a closer analysis reveals compelling evidence for maintaining a tactical, near-term bent towards corporate credit in the current market environment.