Insights

Credit markets have been remarkably steady this year and enter Q4 on solid footing. This tight spread environment presents challenges, but the largest risks we see lie outside credit markets.

Amid evolving Fed policies, our chart looks at the Barclays Agg’s declining returns over time.

Treasury rates are increasingly divorced from inflation expectations. Our chart looks at the divide and what it means for fixed income investors.

The duration-sensitive Barclays Agg was negative in August as long-term interest rates rose slightly.

Kara O’Halloran, Director, Investment Research, and Robert Hoffman, Managing Director, Investment Research, share their points of view on the current credit markets.

As spreads approach all-time tight levels, we still see potential opportunity for returns in event-driven credit strategies.