Fixed income
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After the turnaround, where to? How to look at bonds now
While much of the bond market value resulting from the pandemic-related sell-off has been captured, portfolios can still pursue yield and value with solid bottom-up analysis.
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Revenue streams drying up? Municipal bonds in the pandemic
The pandemic isn't treating all municipal bonds equally. This piece examines a number of municipal obligations and their varying levels of support.
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Bond market liquidity and the dash to cash: making sense of the current environment
The massive selling in many segments of the fixed-income market has led to valuations not seen in more than a decade. We take a closer look at the forces in play and the opportunities that have been created.
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Municipal bond market update: a crisis averted
The Fed’s historic policy backstop and the government’s $2+ trillion fiscal stimulus could go a long way toward shoring up muni market sentiment. And yet caution remains warranted for muni bond investors.
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Yields fall as the coronavirus spreads: our outlook for fixed income
U.S. Treasury yields hit record lows with new cases of the coronavirus cropping up in Europe and the United States. Calls are growing for the Fed to act. We take a closer look at the risks in the bond markets.
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Coronavirus breaks out beyond China: the implications for emerging-market debt
The potential economic consequences of the coronavirus extend well beyond China's borders. We take a closer look at the ramifications to manufacturers, supply chains, and emerging-market debt.
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Infrastructure and municipal bonds—Washington gridlock and your portfolio
Without an infrastructure spending bill, some U.S. states are funding improvements in the municipal bond market. Associate Portfolio Manager Dennis DiCicco provides insight.
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The waiting game: the Fed signals it may keep rates steady through 2020
The Fed recently discussed its intention to hold interest rates steady through the end of 2020. Does the pause signal confidence in the U.S. economy? Or concerns about broader global tensions? We take a closer look.
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California wildfires potential impact for muni bond investors
The California wildfires are an important reminder for muni bond investors to assess weather-related risks at both the state and issuer levels.
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The growth in covenant-light loans why history will not repeat itself in the next credit cycle
The number of cov-lite loans has grown significantly since the 2008 global financial crisis. But the evolving market doesn’t necessarily mean investors have less to worry about in the next downturn. We break down the implications.
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