Rising Treasury yields may weigh on high yield for the balance of the year, but positive returns should continue with additional spread compression and coupon clipping.
A dovish Fed, strong fundamentals, and growing demand support investment-grade corporate bond sector performance.
The rally in credit, retail demand, and subdued supply have driven municipal bond spreads to historical tights.
Value remains in select pre-crisis RMBS, but market focus is shifting to new issue.
The Fed’s policy pivot sets the stage for attractive opportunities in higher-quality rates products.
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.
With solid fundamentals and fair valuations in a period of weak technical factors, select Agency MBS appears relatively attractive.
A sharp December selloff highlights the need to remain vigilant.
Loan investors learned about illiquidity during December’s volatility, but careful positioning can still add value.
Volatile market conditions call for a focus on loss-remote, amortizing bonds and CRE-CLO deals with proven sponsors.
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.