Fixed Income Perspectives

Buildings reflecting sky

Emerging Risks? Be Aware (Not Beware)

Differentiating between idiosyncratic and systemic risk is critical in the current market environment.

Electronic World Map

Trade Wars Trigger Headline Volatility

We remain focused on our central theme of positioning portfolios to avoid downside velocity. Regarding trade concerns, this means reducing exposure to globally-oriented investment grade credits and monitoring emerging market opportunities.

Exchange rate electronic board

2018 Semi-Annual Fixed Income Themes

Policy and Growth: Divergence on the Global Stage Conditions are supportive for fixed income but portend muted returns and favor assets that can withstand episodes of volatility.

Fixed Income Perspectives - Counting the Days Until December

November 20, 2017

We've held short duration much of the year to buffer gradually rising rates, and are staying short into year-end. We are tactically increasing investment-grade and high-yield corporate credit risk. We remain positive on securitized assets, preferring CLOs and CMBS, and are slightly overweight select emerging markets.

Read More

Fixed Income Perspectives - Proceeding with Caution

October 19, 2017

The global economy looks healthy yet uncertainty persists: geopolitical risk from North Korea, tax reform in Washington, naming a successor to Federal Reserve chair Janet Yellen and the European Central Bank's rollback of QE. We view these uncertainties as reasons to pull back risk despite strong market fundamentals.

Read More