Explore Topic:


 


Sector Views    |   May 17, 2019    |   High-Yield and Bank Loan Outlook

Quantifying the Credit Risk and Default Runway

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.


Portfolio Strategy    |   May 01, 2019   

Understanding Collateralized Loan Obligations (CLOs)

Explaining the structure and investor-friendly features of collateralized loan obligations (CLOs), an often misunderstood sector of structured credit.


Sector Views    |   July 18, 2018    |   High-Yield and Bank Loan Outlook

Late-Cycle Boost and Boom

Investors should stay guarded for exogenous shocks that could pull the next recession forward and cause markets to reprice credit risk.


Portfolio Strategy    |   July 09, 2018   

Solving the Core Fixed-Income Conundrum

Shortening duration, maintaining an investment-grade portfolio, and generating attractive yields do not have to be competing investment objectives for core fixed-income investors.


Portfolio Strategy    |   May 16, 2018    |   Fixed-Income Outlook

Positioned for Choppier Waters

After several quarters of low volatility, tight spreads, and abundant liquidity, financial conditions are shifting.


Sector Views    |   February 23, 2018   

Rates: Anticipate Further Yield Curve Flattening

Economic conditions, goosed by tax reform, call for a faster pace of Fed rate hikes.


Portfolio Strategy    |   February 21, 2018    |   Fixed-Income Outlook

Walking the Risk Tightrope

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.


Global CIO Outlook    |   February 20, 2018   

The Market Is Finally Getting the Joke

Investors are coming to terms with the idea that the Fed will keep raising rates because of inflation and economic pressures.


Sector Views    |   January 18, 2018    |   High-Yield and Bank Loan Outlook

High-Yield and Bank Loan Outlook: Be Wary of Eroding Investor Protections

Assessing the risks of covenant-lite loans, 0 percent Libor floors, tax reform, and tightening spreads.


Sector Views    |   November 14, 2017   

Agency Mortgage-Backed Securities: The Fed Has Spoken, Now It Is the Market's Turn

The Fed’s tapering program may pressure Agency MBS, but it could also increase investment opportunities.



© 2019 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.