A new strategy note from Chief Market Strategist Troy Gayeski

“Laissez les bons temps rouler”… well maybe not quite

Daniel Wilk is an Executive Director and Client Portfolio Manager at FS Investments, where he is responsible for supporting investor diligence regarding Portfolio Advisors’ middle market private equity initiatives. He serves as a key resource for private equity across transaction types, including primaries and secondaries (both LP-led and GP-led), and direct equity co-investments. He also...

Mr. Dwin is the Founder and CEO of Lafayette Square, a model investment platform that deploys services-backed capital to local communities, independent businesses and diverse investors. Mr. Dwin currently serves as Chair of the Board of Trustees for the Vera Institute of Justice. He also serves on the nonprofit boards of the Children’s Hospital of...

Our Investment Research Team examines what’s driving reactionary responses in the credit market.

See how spreads on corporate bonds have fared over the last 20 years, and why that might point to a prolonged search for income.

High yield bonds have outperformed senior secured loans in recent months, given their more attractive duration profile and higher credit quality.

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.