Highlights from the week of April 25– May 1, 2025.

The S&P 500 returned to pre-Liberation Day levels while yields rose on lower rate cut expectations.

Having trouble remembering the difference between a CDR and a CRT? We’re here to help.

The securitized credit market has evolved, through economic cycles and crises, into a popular fixed income allocation. However, its breadth, relative youth, and perceived complexities can be challenging for new investors, causing them to miss out on the asset class’s opportunities. Here’s what you need to know.

Trade remained the focus for markets although fears lessened throughout the week, helping to lead the markets higher.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.

GNMAs can be a compelling way to defend against unexpected market shocks, offering a risk profile similar to U.S. Treasuries but with higher yields.

For investors looking for better potential return opportunities and diversification benefits, we see three reasons to venture beyond U.S. stocks.

U.S. economic growth is expected to slow this year, and the risk of a recession has certainly risen. While credit spreads have widened from historically tight levels, they are not flashing warning signs. Is this a buy-the-dip moment?

Thanks broadly to pressure from elevated policy uncertainty, recent weeks have brought us a sharp rout in global markets—erasing trillions in value...