fixed income
Does the bond market view companies with better ESG ratings as better credit risks?
Equity portfolios constructed using bond momentum signals may outperform their traditional equity price momentum counterparts.
Now may be a great time to stockpile excess capital to tactically deploy in the coming months if the opportunity set improves.
The predictive power of the yield curve is a widely accepted causal narrative. But the history shows that the causal correlation between long and short rates is actually quite weak.
The current environment may be the best that credit investors have seen in at least a generation.
As Warren Buffett said, “You only find out who is swimming naked when the tide goes out.” Well, the tide is going out and as businesses refinance at higher rates, default rates and distressed exchanges are likely to increase.
“I'm not saying that interest rates are going to go back up. I just think they're done coming down,” Howard Marks, CFA, told Marg Franklin, CFA. "And if that's true, I think we're in a different environment."
How do portfolios with asset allocations of 100% equity, 100% bond, 60/40, and 80/20 in the US, UK, Italian, Swiss, and global markets perform over time?
Is there a Fed put influencing US corporate credit markets?
There is reason to be cautious about the nascent yen rally.