Fixed Income

Voya’s list of what to love in the securitized credit market this year… and what to leave.

In 4Q 2023, US CLO debt tranches delivered favorable returns across the stack.

Despite economic uncertainty and rising defaults, we believe leveraged credit in the U.S. continues to offer attractive return potential.

A third consecutive year of improved funded status for U.S. pension plans, IBM re-opens its DB plan, and the importance of diversifying and de-risking.

The lower outlook by Moody’s, just months after Fitch's downgrade, reflects the rating agency’s concerns over the United States' long-term fiscal stability, but the impact on bonds should be near zero.

In Q3 2023, US CLO debt tranches delivered strong returns across the stack driven by increasing carry and uptick in prices.

Funded status improved once again for S&P 500 pension plans, rising for the fourth consecutive quarter to 108.7%—the highest level since 2007.

Bond investing isn’t baseball—a swing and miss can lose money. It’s the difference between consistently good, not occasionally great, performance.

Where Frost took the road less traveled, we insurance PMs can take two (or more!) roads at once as we forge a path that delivers on our investment objectives.

Although most pension plans are now over 100% funded, many still carry elevated allocations to equities. De-risking isn't just beneficial, it’s mission critical