Fixed income
-
Avoiding another taper tantrum: why a cautious stance on agency MBS may be warranted
The U.S. Federal Reserve is the single largest buyer of agency mortgage-backed securities in the market today. We take a closer look at what could happen when that trend changes course.
Read more -
Today's macro risks in emerging markets look relatively benign
The macro risks in today's global economy are mostly tied to developed economies. Here's why emerging markets look comparatively attractive.
Read more -
The credit cycle still has room to run
Eight years into the current credit cycle, some market watchers are growing skeptical over whether the trend can continue. We believe the fundamentals suggest it can, and selective investors stand to benefit.
Read more -
Hedging downside risks after high yield's big run
Our network is growing more cautious on high-yield bonds after their recent rally. See why investment-grade corporate debt can help offset some of the risks.
Read more -
Expect continued muni bond volatility heading into 2017
We see a number of headwinds for municipals in 2017, including pension liabilities, uncertainty around President Trump’s policies, more hawkish Fed policy, and global macro uncertainties.
Read more -
Last call for higher interest rates in 2016
The Fed has been hoping to raise interest rates all year, and December may be its last best chance for the foreseeable future.
Read more -
Navigating the new normal: fixed-income investing in a world of mounting risks
With anemic yields the norm, fixed-income investors everywhere are facing similar challenges. A global multisector approach can help, but only if actively managed currency exposures are part of the mix.
Read more -
Securitized debt: a lifeline for investors drowning in negative rates
For investors drowning in a sea of negative rates, the securitized debt market offers a lifeline: limited credit risk, low interest-rate sensitivity, and attractive income potential.
Read more -
Opening your search for yield to the closed-end fund market
In a world characterized by low yields, low economic growth, and low expected returns, many closed-end funds offer distinctive features that may be particularly suited to address these challenges.
Read more -
Emerging-market debt: down, but not out
The headlines relating to emerging markets over the past three months remained largely negative. But look a little deeper and it isn’t difficult to find signs of stabilization.
Read more