Fixed Income

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The BBB-Rated Expanse: A Mass of Fallen-Angels or a Gentle Giant?

Headlines only focus on leverage—but there’s more to the story.

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The Evolution, Expansion and Growth of Emerging Markets Corporate Bonds

The EM corporate bond market has grown into a nearly $1 trillion asset class worthy of consideration from those looking to diversify their EM and/or broad credit exposures.

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U.S. Corporate Pension Plans: 2018 Review

A lookback provides insight about the path ahead: Protecting funded status in 2019 and beyond requires dynamic pension risk management.

Will the Retail Industry be the Next Commodity Crisis for the U.S. Credit Markets?

May 24, 2017

In April, we provided support for allocations to high yield by rebutting three common arguments against the asset class. “Retail is the new energy” was an argument against high yield in April and one that continues today. Given the headlines surrounding the “demise” of retail, we believe it is appropriate to offer investors a deeper analysis of the topic and provide a broader perspective across credit markets.

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VAR, What is it Good For?

May 2, 2017

While no one measure is capable of capturing the full breadth of risk within a fixed income portfolio, VAR (Value at Risk) is an important measure within an investor’s tool kit. However, like any tool, VAR must be used with a full understanding of its benefits and drawbacks. With this in mind, we set out to answer: VAR, what is it good for?

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