Credit performed well after previous Fed pauses
With the Fed potentially pausing after a May rate hike, this week’s chart looks at credit returns after historical pauses in Fed rate hiking cycles.
Higher credit spreads could represent unique opportunity
High yield spreads have spiked in March. This week’s chart looks at the YTD move and potential new opportunities in credit.
Treasury volatility hits 2008 levels amid macro pressures
Expected Treasury volatility spiked over the past week. This week’s chart looks at the MOVE Index, which rose to its highest point since 2008.
Rates are higher. And significantly more volatile.
As rates have risen, so has rate volatility. This week’s chart looks at the daily changes in the two-year Treasury yield over the past year.
Fed funds rate shows no sign yet of retreating.
Could markets be due for more Fed-driven volatility ahead? This week’s chart looks at market-based Fed rate expectations, which continue to rise.
Credit has never had consecutive negative annual returns
Are credit markets poised for a bounce back? They have never seen two consecutive down years. This week’s chart looks at historical credit returns.
