Credit market commentary: April 2021
The duration-sensitive Barclays Agg posted its first positive return of the year in April as long-term interest rates drifted lower.
Credit market commentary: March 2021
Interest rate volatility continued to weigh on markets for much of the month.
Credit market commentary: February 2021
Bonds were tested by a sharp interest rate spike and declined slightly alongside equities over the last two weeks of February but remained positive on the month, returning 0.35%. Loan prices remained firm, as the asset class outperformed bonds, returning 0.59%.
Credit market commentary: January 2021
Credit markets rose through the first few weeks of the month on stimulus optimism and firm technicals in the loan market. However, equity volatility weighed on both asset classes in January’s final week
Credit market commentary: December 2020
Vaccine-fueled optimism drove credit markets steadily higher throughout December.
Credit market commentary: November 2020
Credit rallied amid broad market strength in November on news of multiple potentially viable COVID-19 vaccines.