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.
Real estate investors mull the ramifications of rent control.
Not all prices in a strong first half were lifted equally by this Fed-induced rally.
Positive performance could be tempered by any number of disruptive events in the third quarter.
Negative credit headlines did not diminish investor appetite for municipal bonds.
Follow Scott Minerd
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
Your browser does not support iframes.
2020 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.