Eyes remain firmly on the Federal Reserve, which has engineered a landscape of materially higher real and nominal rates.
Look under the hood of sizzling headline inflation, and you’ll see it starting to cool.
With many aspects of the US economy in decent shape, we believe spread widening in a recession is likely to be limited. Still, investors no longer need to overreach on risk.
While the active versus passive debate has only grown hotter over the years, it’s important to remember that what works for one core investment strategy may not be as successful in another.
During the 1Q20 market dislocation we argued that Securitized Credit was a compelling way to gain access to the eventual rebound of the U.S. consumer—our view today remains the same.
This paper will introduce you to the senior loan asset class. It will describe what a senior loan is, and explain some of the advantages and risks of investing in senior loans.
Not all private credit is the same—in this Market Overview & Analysis we explore the nuances of the investment grade private credit market.
Recent rate volatility suggested a disconnect between investors and Fed policy — does the old mantra of “Follow the Fed” still ring true?
U.S. Investment Grade (IG) Credit has performed well in the most recent period of rising rates.
The opportunity cost for inflation protection is high—is it worth the cost?
Recent rate volatility offers a rare opportunity, but if history serves as any guide the window to act will be fast to close.
Volatile markets and low interest rates have many investors looking for relative price stability and income. GNMAs may help investors seeking these traits, but many are understandably confused about what GNMAs are and how they differ from other mortgage- and government-backed securities.
EM Corporates could be a valuable source of total return, carry, and diversification.