Wow, the 2024 rally in credit risk has fresh legs! Equity and credit spreads have both been ‘on the rally’ since the election, with risk taking sentiment supercharged and historically significant levels on valuations getting breached.

Highlights from the week of November 8 – November 14, 2024.

The current market backdrop presents opportunities to benefit from lower rates, durable earnings streams and high quality “all-in” yields.

In a resilient growth environment with inflation trending downward, any short-term volatility from the market’s reaction to monthly data is likely an opportunity to buy.

As we head into the final stretch of hotly contested races up and down the ballot, our experts convene for civilized discourse on what matters to markets...

With tight spreads and a steepening yield curve, we see the most value in lower-beta spread products and high-quality securitized assets.

High yield bonds and loans both offer attractive opportunities for credit pickers given high income, supportive fundamentals and strong investor appetite.

​​​The current market backdrop presents opportunities to benefit from corporate cash flows, valuation discounts and high quality “all-in” yields.​​

As oversaturated mega caps start to lag, it may be time to think small.

Chris Lyons, head of private fixed income and alternatives, recently sat down with Stewart Foley on the InsuranceAUM podcast to discuss his insights on managing private credit risks, the evolving liquidity in private placements, the impact of higher interest rates on portfolio companies and the strategies Voya employs to manage these challenges.