Blog

The strong growth in technology debt over the past decade has raised concerns that a bubble may be forming. However, a closer look at the data reveals that tech fundamentals are generally healthy.

Credit fundamentals remain largely intact.

What does the recent surge in LIBOR mean for senior loan investors?

Four recent examples highlight the disparate impact tax reform can have on fixed income investors.

Historically, Treasury curve flattening in a Fed tightening cycle is associated with a rally in credit spreads, up to a level of flatness. In this analysis, we use the relationship between credit spreads and the yield curve as a lens to help determine the near-term outlook for credit. 

Analyzing the source of recent volatility can help investors determine if recent spread widening is a symptom of broader systemic risk...

Most investors are viewing the potential impact of proposed tax reform through the lens of corporate earnings and economic growth. In our latest analysis, we take a more nuanced look to understand how current proposals might effect corporate behavior and credit spreads.

Risks posed by recent storms are accounted for within RMBS structures and evaluated by investors. However, given the magnitude of the potential devastation associated with these recent storms in such a short time period, it is prudent to reassess this risk.

As we were recently reminded, hurricanes, like other natural disasters, have the potential to be devastating and disrupting events. As Florida and Texas begin the recovery and rebuilding process, historical context provides perspective about the likely impact these storms will have.

Comparing current economic data with 2007 data provides helpful context for the path forward. Our analysis reveals that the U.S. housing market still has meaningful upside. In fact, from several perspectives, we are still in the recovery phase.