October 16, 2018 Bond Managers Power Up for the Digital Future by Gershon Distenfeld, Scott DiMaggio, Jeff Skoglund, James Switzer The digital revolution took its time getting to fixed income, but today it’s transforming the investing landscape. Already, major advances in technology are helping early adopters gain unique insights and act faster in markets where speed and alpha are increasingly and inextricably linked. Fixed Income Likes 0 SHARE Bookmarks
October 11, 2018 Will US Yields Continue to Climb? US Treasury yields have risen in response to strong economic growth. In the first week of October, the yield on the 10-year bond surged to its highest level in more than seven years. The question is: Do yields have more room to run? Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
September 26, 2018 What the US Midterm Elections Mean for Policy and the Markets by Scott Krauthamer Will Democrats retake the House of Representatives in the US midterm elections this fall? Will it matter for your investment portfolio if they do? Probably not so much, although a Democratic sweep of both houses could be more disruptive. Equities, Fixed Income, Policy & Regulation, Volatility Likes 0 SHARE Bookmarks
September 24, 2018 Loans Occasionally Beat High Yield—but Not for Long When it comes to US high-yield bank loans, we don’t mince words: we think the risk rarely justifies the potential reward. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
September 19, 2018 Seven Ways Fixed-Income Investors Will Benefit from the Digital Revolution by Gershon Distenfeld, Scott DiMaggio, Jeff Skoglund, James Switzer At long last, fixed-income investing is entering the digital age—and investors should pay close attention to what their asset managers are doing to keep up. From better pricing to better solution design, the digital revolution that’s transforming the fixed-income management landscape can lead to a host of benefits. Fixed Income Likes 0 SHARE Bookmarks
September 12, 2018 Are Bank Loans a Cure for Rising Rates? History Suggests Otherwise by Douglas J. Peebles, Gershon Distenfeld Investors tend to think of floating-rate bank loans as the cure for rising interest rates. But our research suggests that a rising-rate environment has historically been the worst time to buy loans. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
August 30, 2018 How Contagious Is Turkey? by Morgan Harting, Christian DiClementi The Turkish lira has dropped 38% as of August 28, putting pressure on inflation as well as the country’s debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don’t expect contagion to expand much further from here. Currency, Emerging Markets, Fixed Income, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
August 27, 2018 Imbalance of Trade: What Trade Wars Mean for Market Stability by Douglas J. Peebles Reduced global trade may have the unintended consequence of strengthening the US dollar, raising interest rates and pushing down stock prices. Together with tighter Federal Reserve policy, these developments may increase market turbulence. Currency, Fixed Income, Trade Wars, Volatility Likes 0 SHARE Bookmarks
August 21, 2018 Reading the Signs: Investment-Grade Bonds Present Warning and Opportunity by Gershon Distenfeld US investment-grade corporate bonds look cheaper today than their lower-quality counterparts in the high-yield market. Is this the buying opportunity of a lifetime? Not exactly. A closer look reveals there’s actually method to the madness. Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
August 15, 2018 Will Chinese Renminbi Destabilize Markets as Trade Wars Escalate? by Mo Ji The trade war between Washington and Beijing has tipped China’s currency onto a path of destabilization. If hostilities escalate, China may let its renminbi (RMB) fall further. For investors, that could mean more volatility and tighter financial conditions. Currency, Economics, Emerging Markets, Fixed Income, Trade Wars Likes 0 SHARE Bookmarks
August 14, 2018 Under Siege: How Trade Wars Affect the World’s Major Automakers by Douglas J. Peebles, Robert Schwartz From steel to engines to whole cars, tariffs are shifting the playing field for automakers. Our credit analysis suggests there are no winners in this war: consumers should expect higher sticker prices, companies lower earnings and investors more volatility. Economics, Fixed Income, Policy & Regulation, Trade Wars Likes 0 SHARE Bookmarks
July 20, 2018 Midyear Outlook: What a Trade War Could Mean for the Bond Markets, and More by Douglas J. Peebles We answer some of today’s most pressing investor questions—from the effect of trade wars with China to our expectations for rising rates and a correction in high yield. Fixed Income, Rising Rates, Trade Wars, Volatility Likes 0 SHARE Bookmarks
July 17, 2018 Not Dead Yet: What Many Investors Get Wrong About the American Mall by Brian Phillips Headlines about the death of the American shopping mall have become so common that the phrase “retail apocalypse” has its own Wikipedia page. But this is a death wrongly foretold—and that creates investment opportunities. Fixed Income Likes 2 SHARE Bookmarks