Investors should continue to limit exposure to CCCs despite recent cheapening because of the asymmetry of potential spread outcomes.
Demand for investment-grade corporate bonds should remain strong.
Continued strong demand enables move up in credit quality.
New issuance and trading activity in the RMBS market reflect a change in investor focus.
Opportunity knocks as Fed rate cuts are likely to steepen the yield curve.
Lower-quality credit spreads have more potential to widen than tighten.
Prepayment risk for recently originated mortgages is high.
Investor demand for investment-grade credit is increasing competition for aircraft ABS.
Secondary loan prices rose in the second quarter on the back of robust CLO demand.
The CRE-CLO product is in its early years while conduit is showing its age.
Follow Scott Minerd Follow GuggenheimPtnrs
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
© 2021 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.