After the recession starts, high-yield bond and bank loan issuers have at least a 12-month runway before we experience a large wave of defaults.
Explaining the structure and investor-friendly features of collateralized loan obligations (CLOs), an often misunderstood sector of structured credit.
Investors should stay guarded for exogenous shocks that could pull the next recession forward and cause markets to reprice credit risk.
Shortening duration, maintaining an investment-grade portfolio, and generating attractive yields do not have to be competing investment objectives for core fixed-income investors.
After several quarters of low volatility, tight spreads, and abundant liquidity, financial conditions are shifting.
Economic conditions, goosed by tax reform, call for a faster pace of Fed rate hikes.
Fixed-Income Outlook: Current conditions could persist for some time, but with a possible recession approximately two years away, the time for caution is approaching.
Investors are coming to terms with the idea that the Fed will keep raising rates because of inflation and economic pressures.
Assessing the risks of covenant-lite loans, 0 percent Libor floors, tax reform, and tightening spreads.
The Fed’s tapering program may pressure Agency MBS, but it could also increase investment opportunities.
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
Your browser does not support iframes.
2019 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.