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.

Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations. This has historically resulted in relatively high success rates in generating alpha.

1Q23 was marred by significant volatility in the banking sector...

Political brinksmanship over the debt limit is poised to push the Treasury to the edge. If 2011 is a guide, T-bill discounts could get wider into June, potentially causing ripple effects across markets.

Funding ratios rose again in 2022, putting plan sponsors in another surprisingly strong position. But with critical decisions looming, de-risking and diversification are paramount.

Improved funded status is driving conversations around the inclusion of non-traditional fixed income assets in ALM modeling