Fixed income
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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.
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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.
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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.
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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.
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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.
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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.
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Indiscriminate selling has created buying opportunities in high yield
While the challenges faced by issuers in the energy space are significant, the sell-off across the high-yield market has led to opportunities in some attractively priced companies.
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Bond market liquidity: putting the risks in context
Mounting regulation combined with banks' mission to deleverage and boost their capital positions has created new liquidity concerns in the bond markets. We take a closer look at the risks.
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