More of our insights
Rates, edging higher, could put bond returns at risk
With inflation stirring, rates caught investors’ attention this week. Our chart looks at the tough position rising rates could put bond investors in.
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: 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%.
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.
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.
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.
