Barring a deep, prolonged recession, we expect leveraged borrowers to successfully navigate the late cycle backdrop given relatively healthy fundamentals.
As we enter the new year, attention is shifting from inflation to the economy and the effects of tighter Federal Reserve policy.
Eyes remain firmly on the Federal Reserve, which has engineered a landscape of materially higher real and nominal rates.
A research framework to help investors understand how securitized credit fits into a broader investment portfolio.
In the drive for ESG investing, a gap has arisen between corporate bond and securitization markets. We see this as an opportunity to blaze new trails and influence better outcomes for investors, the environment and society.
The U.S. Federal Reserve met expectations and increased interest rates by 25 basis points.
A new form of financing – commercial property assessed clean energy (CPACE) – to help property owners reduce energy consumption is gaining momentum, offering investors potentially attractive yields and aligning with ESG interests.
The devastating events that continue to unfold in the conflict between Ukraine and Russia have led to steep price declines in both countries’ financial markets.
The market’s expectations for curve flattening may be excessive, as the timing of rate hikes and the aggressiveness of the Federal Reserve are still open to debate.
The fundamental and technical loan picture remained favorable in Q4-2021, supporting CLO performance with sustained improvement in structural/market value metrics.
Improved funded status is driving conversations around the inclusion of non-traditional fixed income assets in ALM modeling, including investment grade private placements, CMLs and CMOs.
Matthew Toms, CFA, Chief Investment Officer of Fixed Income, shares our outlook for the markets for the first half of 2022.
The market’s curve flattening expectations may be excessive, as the timing of the hikes and aggressiveness of the U.S. Federal Reserve are still open to debate.