Sector Views

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


 


August 17, 2016

No Need to Fear Refi Wave

Demand remains strong as Agency MBS is one of few positive-yielding, high-quality asset classes.


August 17, 2016

Not Too Hot, Not Too Cold

Moving slightly down in quality as loans deliver steady performance.


August 17, 2016

A Rally in Spreads, a Surge in Supply

Market volatility in the first half of 2016 has given way to a sharp rally in CMBS spreads and resurgence in CMBS issuance.


August 17, 2016

Will the Party Continue?

Despite positive fundamentals, the second quarter saw a significant decrease in lender appetite.


August 17, 2016

Energy Leads the Way

The energy sector currently offers the best potential total return upside in the high-yield space.


August 17, 2016

Global Demand Meets Abundant Supply

Relatively high yields and abundant supply entice global fixed-income investors.


August 17, 2016

Watching Election-Season Tax Debates

Talk of tax reform will likely create uncertainty in the otherwise-robust municipal bond market.


August 17, 2016

Market in Slow Motion

Constructive themes of improving fundamentals and limited supply remain firmly in place.


August 17, 2016

U.S. Beckons Yield-Starved Global Investors

Investors from outside of the United States seeking higher relative yields will likely continue to support Treasurys as global rates languish.


July 14, 2016

High-Yield and Bank Loan Outlook – July 2016

Despite the selloff following Brexit, high-yield bonds and bank loans still turned in impressive quarterly returns, but recovery rates bear watching.







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