Unwavering investor demand drove yields close to historic lows in the third quarter.
Rising pension liabilities remain a concern, but strong technicals support the municipal market.
Despite constructive fundamentals, challenging relative value warrants risk control.
A rising fed funds rate suggests investors should prepare for the curve to flatten.
The recent rise in prices and tightening of spreads suggest a time of caution for leveraged credit.
Value in new-issue aircraft lease transactions and CLOs backed by loans to middle market companies.
Demand remains strong as Agency MBS is one of few positive-yielding, high-quality asset classes.
Moving slightly down in quality as loans deliver steady performance.
Market volatility in the first half of 2016 has given way to a sharp rally in CMBS spreads and resurgence in CMBS issuance.
Despite positive fundamentals, the second quarter saw a significant decrease in lender appetite.
Follow Scott Minerd Follow GuggenheimPtnrs
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
© 2020 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.
We use cookies on our site. You may control whether and how your browser accepts cookies; please see your browser help documentation for more information. To learn more about the information we collect and how we use it, view our Privacy Policy.