Sector Views

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


 


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.


December 15, 2016

Pre- and Post-Election Rate Moves

A rising fed funds rate suggests investors should prepare for the curve to flatten.


October 14, 2016

High-Yield and Bank Loan Outlook – October 2016

The recent rise in prices and tightening of spreads suggest a time of caution for leveraged credit.


August 17, 2016

Shifting Demand Results in Opportunity

Value in new-issue aircraft lease transactions and CLOs backed by loans to middle market companies.


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.







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