Sector Views

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


 


June 17, 2019

Investment-Grade Corporate Bonds: Reversal of Fortune

A dovish Fed, strong fundamentals, and growing demand support investment-grade corporate bond sector performance.


June 17, 2019

Municipal Bonds: Strong Demand

The rally in credit, retail demand, and subdued supply have driven municipal bond spreads to historical tights.


June 17, 2019

Non-Agency Residential Mortgage-Backed Securities: The Slow Reboot

Value remains in select pre-crisis RMBS, but market focus is shifting to new issue.


June 10, 2019

Rates: Sea Change

The Fed’s policy pivot sets the stage for attractive opportunities in higher-quality rates products.


May 17, 2019 | High-Yield and Bank Loan Outlook

Quantifying the Credit Risk and Default Runway

After the recession starts, high-yield bond and bank loan issuers have at least a 12-month runway before we experience a large wave of defaults.


March 07, 2019

Agency Mortgage-Backed Securities: Flight to Quality

With solid fundamentals and fair valuations in a period of weak technical factors, select Agency MBS appears relatively attractive.


March 07, 2019

Asset-Backed Securities and CLOs: A Wild Ride on Santa's Sleigh

A sharp December selloff highlights the need to remain vigilant.


March 07, 2019

Bank Loans: December Lessons

Loan investors learned about illiquidity during December’s volatility, but careful positioning can still add value.


March 07, 2019

Commercial Mortgage-Backed Securities: Defensive Play

Volatile market conditions call for a focus on loss-remote, amortizing bonds and CRE-CLO deals with proven sponsors.


March 07, 2019

Commercial Real Estate Debt: Nearing the Peak

As we near the end of the current expansion cycle, investors will continue to see attractive real estate debt opportunities.







© 2020 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.