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.

Midstream led a continued recovery for the broader energy sector in May. While falling production volume is a negative for midstream, many firms have protections in place to help mitigate impacts.

A letter from Chairman and CEO Michael Forman to FS Investments colleagues on recent events

Here we analyze the potential impact of COVID-19 on the CRE debt market by examining the market’s performance during the 2008 GFC and comparing the state of the pre-GFC and pre-COVID markets.

How long will Treasury rates stay near zero? This week’s chart compares today’s ultra-low yields to those during the global financial crisis.

The first earnings season in the age of COVID-19 is wrapping up, and company reports gave a glimpse into how the pandemic is impacting corporate America.