Q1 2021: Positioned for strength
More of our insights
Credit market commentary: February 2021
Bonds were tested by a sharp interest rate spike and declined slightly alongside equities over the last two weeks of February but remained positive on the month, returning 0.35%. Loan prices remained firm, as the asset class outperformed bonds, returning 0.59%.
Credit markets a case study on the impact of duration
IG bonds have turned negative over the past 9 months while HY has moved higher. This week’s chart looks at the impact of duration as rates rise.
Amid low rates, CLOs appear attractive
Relative value in the fixed income market? This week’s chart compares CLO spreads to those of HY bonds and explores how to delve into this market.
Credit market commentary: January 2021
Credit markets rose through the first few weeks of the month on stimulus optimism and firm technicals in the loan market. However, equity volatility weighed on both asset classes in January’s final week
As long rates surge, the spotlight shines on duration
Treasury rates’ rise this week again placed duration front and center. We look at how rising rates might help certain fixed income sectors.
Credit market commentary: December 2020
Vaccine-fueled optimism drove credit markets steadily higher throughout December.