Sector Views

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


 


February 17, 2017

All Eyes on Washington

Policy changes, including tax reform and deregulation, create opportunity and uncertainty.


February 17, 2017

Careful Search for Value

Tight spreads necessitate caution, but improving credit fundamentals beget opportunities.


February 17, 2017

Rates Reflect Market Optimism

The recent rise in Treasury yields reflect a very optimistic “if” scenario based on the incoming administration’s anticipated policies.


January 13, 2017 | High-Yield and Bank Loan Outlook

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.







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