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Credit market commentary: February 2020
The last week of February saw a global sell-off in risk assets as markets reacted to news of the coronavirus. Leveraged credit markets slid alongside a steeper drop in equities. The Barclays Agg benefited from its long duration, returning 1.80% as rates hit all-time lows during the month.
COVID-19 impact on corporate credit markets
Recent market volatility points to heightened uncertainty surrounding the COVID-19 outbreak.
Stocks soar but income challenges persist
Is relief in sight on the income challenge? Not if you’re counting on traditional sources. This week’s chart shows why alternative sources may be needed.
Credit market commentary: January 2020
January was a mixed month for leveraged credit. HY Bonds ended January flat while Senior Secured Loans returned 0.56%. The duration-sensitive Barclays Agg rallied as rates fell over 40 bps over the course of the month.
Diverging durations leave corporate bond investors increasingly exposed
Are your investments more vulnerable to price loss if interest rates move higher? This week’s chart shows how durations have diverged on investment grade and high yield bonds.
Declining income, rising duration leave bond investors vulnerable
Are bond investors prepared for higher interest rate risk? This week’s chart looks at why they may need to seek income and stability from alternative sources.