While major prepayment models produce reasonable forecasts for broad segments of the mortgage market, they often have shortcomings. This is how Voya’s mortgage derivatives team exploited one structural misvaluation.

Jim Lydotes flips the timer on 1) small cap capex, 2) Voya’s Grassroots Research® on cyber spending, 3) an interesting setup for specialty chemicals.

An energy shock, sticky inflation, and fractured global policy have made the path forward less forgiving.

As sponsors confront volatile oil prices and geopolitical risk, here’s a look at what does (and doesn’t) work.

Markets are being tested on several fronts at once. But the important question is how these shocks travel—through inflation, monetary policy, funding conditions, or issuer fundamentals. That’s where resilience begins to diverge.

Jim Lydotes covers: 1) how health care is stabilizing, 2) why used cars could be an inflation indicator, and 3) why AI spending could crowd out hiring.

Structured lending to funds can provide similar returns at potentially lower risk than investing as an LP...

For a time, simply being exposed to AI drove returns. That phase is over.

The securitized credit market has evolved, through economic cycles and crises, into a popular fixed income allocation. However, its breadth, relative youth, and perceived complexities can be challenging for new investors, causing them to miss out on the asset class’s opportunities. Here’s what you need to know.

Over the last 35-plus years, convertibles have produced equity-like performance but with lower volatility.