Insights

Showing 13–18 insights out of 75 results
Credit market commentary

Credit market commentary: July 2020

The recovery in markets continued in July as optimism surrounding reopening and further stimulus measures outweighed fears of rising cases. HY Bonds and Senior Secured Loans returned 4.78% and 1.96%, respectively. Interest rates fell steadily throughout the month, boosting the duration-sensitive Barclays Agg, which returned 1.25%.

Credit market commentary

Credit market commentary: June 2020

The recovery in markets continued in June, but at a slower pace amid concerns over rising COVID cases. HY Bonds and Senior Secured Loans still ended the month up, returning 0.97% and 1.14%, respectively, capping off the best quarter for each market since Q3 2009. Interest rates spiked early in the month before declining slightly, and the duration-sensitive Barclays Agg returned 0.63%.

Corporate credit outlook

Q3 2020: Mixed signals

Despite multiple “worst-ever” indicators, U.S. equity and corporate credit markets rallied back to near pre-pandemic levels in Q2. With markets trending one way and economic data another, we’re left with mixed signals.

Chart of the week

Spike in HY issuance stresses the importance of active management

Sales surging after near collapse? Our chart looks at how the massive spike in new high yield issues displays the importance of active management.

Research report

A CLO-ser look at structured products

The what, how and why of an asset class that we believe presents more opportunity than many think.

Credit market commentary

Credit market commentary: May 2020

Steps to reopen the economy and progress toward a COVID-19 vaccine created an optimistic sentiment for much of the month, as HY Bonds, Senior Secured Loans and structured products posted strong returns. Interest rates remained relatively rangebound and the duration-sensitive Barclays Agg had a slight gain.

Showing 13–18 insights out of 75 results

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