Securitized credit isn’t complicated. It’s an investment involving predictable consumer behaviors that have fueled economic growth for generations.
Now that yields have reset higher, bonds are positioned to protect portfolios while delivering higher income.
Floating-rate income and the secured nature of senior loans may provide a valuable defense against both rising rates and higher default risk for investors able to stomach short-term volatility.
While growth in the U.S and globally is expected to cool from its torrid pace in 1H21, fundamentals remain broadly positive and opportunities could arise in any meaningful bout of spread volatility.
The next decade is unlikely to play out like the last. A new environment calls for a new approach to fixed income portfolio construction.
Stock markets around the world retreated during a week of volatile trading. Risk-off sentiment was stoked by a slew of worries including resurgent Covid-19 infections, slowing economic growth and Federal Reserve tapering plans.
Agency CMBS are now scalable and represent a new opportunity to diversify credit exposure.
Worried about inflation? Pay close attention to how labor market dynamics unfold over the next three months.
U.S. markets were mixed: the Dow and the S&P 500 advanced but the Nasdaq retreated. Trading was range-bound as investors weighed the Delta variant surge and weakening consumer sentiment against signs of easing inflation and new fiscal stimulus.
Paul Zemsky and Susan Viston from our Multi-Asset Strategies and Solutions team discuss what approach to target date design will be best equipped to handle heightened market volatility going forward.
After a slow start to the week, global stocks regrouped for gains. Strong job gains for July eased concerns about a slowing economy as investors set aside worries about the coronavirus Delta variant.
For skeptics who have yet to take the Federal Reserve at its word, its response to recent inflation data should be another indicator that policymakers are in no hurry to deviate from their path of easy monetary policy.
Strong CLO market activity delivered another record volume of issuance in the U.S.