Divergent Interest Rates: A Golden Opportunity

US interest rates look set to rise in 2015, and that’s unsettling for some fixed-income investors. But here’s the good news: US bonds aren’t the only game in town.

read more

Bond Investors Should Watch Out for the Flavor of the Month

Rising rates and inflation aren’t the biggest risks high-yield bond investors face today. We think the larger concerns are concentration and crowding stemming from low liquidity.

read more

Will Two Key Sectors Survive China’s “Long” Landing?

By Hayden Briscoe (pictured), Shamaila Khan and Jenny Zeng Based on insights from our team’s recent trip to China, we noted that the country is likely headed for a long economic landing. What does that mean for its infrastructure and commodity sectors?

read more

China’s Economy Gliding into “Long” Landing

By Hayden Briscoe (pictured), Shamaila Khan and Jenny Zeng China’s economy isn’t headed for a hard or soft landing—instead, it’s more likely to be a long landing. That’s our perspective, based on our team’s recent visit to China to get an up-close look at the economic landscape.

read more

CLO Rule Change Clouds Outlook for Bank Loans

Retail investors fell out of love with US bank loans this year, but demand from issuers of collateralized loan obligations (CLOs) has remained strong. New regulations may change that. Should investors be concerned? We think so.

read more

In Energy Revolution, Bond Investors Must Keep Their Heads

By Ivan Rudolph-Shabinsky (pictured) and Petter Stensland A surge in capital expenditures and leverage in the energy industry could end badly for some companies and their creditors. While select opportunities exist, we think bond investors should think carefully before they blindly bankroll today’s North American energy revolution.

read more

US Housing Rebound Puts Spotlight on Real Estate

With a US housing recovery in full swing, this may be a good time for investors to consider securities backed by residential real estate. We think they’re an attractive way to diversify exposure to high-yield bonds and other risk-seeking assets.

read more

Global Bonds Beg the Currency Question

With the US dollar poised to rise, there’s never been a better time to reposition into global bonds as your core mandate. But when you do, it’s critical to fully hedge that global portfolio against currency risk.

read more

The Liquidity Illusion: Pension Funds Should Rethink Fixed Income

Pension fund managers, like many investors, have historically paid a premium for liquidity. Lately they’ve started to realize that liquidity can be an illusion—but it can also be an opportunity.

read more

New US Bank Rules a Boon for Bond Investors

By Jeff Skoglund (pictured) and Shrut Vakil of AllianceBernstein (NYSE: AB) US banks have come a long way since the financial crisis, and that’s good news for fixed-income investors. We think better fundamentals and stricter regulations are creating a good formula for banks’ preferred securities.

read more

Archives by Month:

Archives by Subject: