U.S. Treasury yields are back in the spotlight as a mix of tariff threats, geopolitical tensions, and rising policy uncertainty have pushed borrowing costs higher. Last week, the 10-year Treasury yield climbed to 4.30% during a sharp move away from risk, while 30-year yields rose to 4.95%, threatening to surpass the 5% threshold for the first time since July 2025. These yield moves, tied to escalating U.S.-Europe trade tensions and Japan's fiscal crisis, have raised fears of a broader "sell America" trade.

Screening for high levels of excess capital is a good starting point for finding winners—but persistent stock picking comes from fundamental analysis to identify companies that best use their dry powder.

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

With the economy remaining strong, the forecasts for 2026 rate cuts fell.

The historical underperformance of passive Agg-based bond funds isn’t a coincidence. The index’s very design puts investors at a disadvantage.

The U.S. economy is entering a rolling recovery, with housing and lower-income consumers emerging as the first sectors to benefit.

Voya’s Fixed Income CIO talks private and public fixed income trends for the year ahead—and what they mean for your portfolio.

Fourth quarter earnings season is underway, what is the market thinking? The expected blended earnings growth rate for the quarter stands at 8.3%, up from estimates at the start of the quarter. Since our last review, valuations have continued to grind higher; the forward P/E now sits at 22.2x, well above both the 5- and 10-year averages.

A mixed labor report indicated the Fed will likely leave rates unchanged in January.

Following the U.S. military operation in Venezuela over the weekend, discussion of the country’s energy resources has taken center stage. Venezuela accounts for roughly 0.1% of global GDP and approximately 1% of world oil supply. Despite holding significant reserves of oil, natural gas, and other commodities, years of mismanagement have severely degraded production capacity. A meaningful recovery would require sustained investment and structural reform, making any near-term impact on the global economy negligible as any meaningful increase in production would likely take several years.