To help answer the question, “Is now the time to own high yield?,” Robert Hoffman looks at the current fixed income environment as well as the performance of high yield and traditional core fixed income assets over previous market cycles.

Get more context on how the Fed’s recent dovish turn is impacting market expectations of a rate adjustment.

Energy markets recovered meaningfully as oil prices bounced back from December lows. Oil prices were supported by OPEC+ production cuts and U.S. sanctions on Iran and Venezuela. The wave of MLP simplifications is in its later stages and may be a positive for investors going forward.

Following a month of heightened volatility, the leveraged credit markets rebounded in January. High yield bonds posted their largest monthly return since 2009 and senior secured loans erased all of the declines experienced in December.

This week’s chart shows just how quickly sentiment can shift and why active management may help uncover opportunities.

This week’s chart shows just how quickly sentiment can shift and why active management may help uncover opportunities.

See why a growing consensus among FOMC members thinks patience is needed regarding monetary policy – and what that may mean for income investors.

See how the lackluster forecast for Q4 2018 earnings growth relates to recent global and macro-economic concerns.

Energy markets declined sharply as oil prices fell and equity markets sold off. Crude oil fell another $5.26/bbl amid continuing concerns of a supply glut. The recent energy sell-off has pushed midstream valuations to multi-year lows.