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

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.


May 24, 2016

Opportunity in Summer Volatility

Energy yields look more attractive than other sectors, as the worst of the oil bear market draws to an end.


May 24, 2016

A Bid for Lower Quality Re-Emerges

Market weakness offers attractive entry points in B-rated bonds, particularly in the energy sector.


May 24, 2016

Seeking Fundamental Strength Amid Technical Weakness

Despite a weak near-term technical backdrop, certain bank loans remain supported by strong earnings and low default risk.


May 24, 2016

Focus on Seniority

We anticipate cheaper entry points into mezzanine and subordinate CLO tranches, and esoteric ABS.


May 24, 2016

Volatile Prices Mask Improving Fundamentals

Improving fundamentals, lower bond prices, and limited supply form a constructive thesis for non-Agency RMBS.


May 24, 2016

Awash in Demand, Short in Supply

A frenzied rally in April will moderate as Wall Street restarts its CMBS production engine.


May 24, 2016

Demand for Loans May Exceed Supply

While commercial real estate fundamentals remain strong, strains on loan supply could cause borrowing costs to tick higher in 2016.







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