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Sector Views

Our Sector Team leaders share perspectives on performance characteristics, opportunities, and risks across a broad range of fixed-income asset classes.


 


January 13, 2017

High-Yield and Bank Loan Outlook: Focus on Floating Rate

Conditions bode well for credit, but a more aggressive Fed and geopolitics could bring volatility.


December 15, 2016

Refi Surge Calls for Selective Buying

Direct lenders and middle market credit platforms will drive middle market CLO issuance.


December 15, 2016

Focus on Longer Duration

The widely feared refinancing wave failed to materialize, but Fed timing remains a risk.


December 15, 2016

Investor Demand Raises Refi Risk

Reversing the trend earlier in the year, primary market opportunities look attractive as the secondary market trades rich.


December 15, 2016

Sorting the Wheat from the Chaff

Identifying relative value as investors struggle to digest a slew of transactions in a hot market.


December 15, 2016

Stability and Liquidity Return

After a volatile first half of the year, debt markets returned to a more normalized origination environment.


December 15, 2016

Commodity Picture Is Still Improving

We continue to find value in energy and metals, which still offer yield premiums over non-commodity names despite an improving fundamental outlook.


December 15, 2016

Foreign Forces Drive Yields Lower

Unwavering investor demand drove yields close to historic lows in the third quarter.


December 15, 2016

Emphasis on Quality

Rising pension liabilities remain a concern, but strong technicals support the municipal market.


December 15, 2016

Defensive Driving

Despite constructive fundamentals, challenging relative value warrants risk control.







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