Sector Views

Our Sector Views include investor commentary that explores past performance, future outlook and investment implications for various market sectors.


 


August 02, 2022

Third Quarter 2022 Fixed-Income Sector Views

Relative value and performance drivers across fixed-income sectors.


May 24, 2022 | High-Yield and Bank Loan Outlook

Despite the Gray Mood, Skies Are Only Partly Cloudy

The outlook for credit amid rising inflation, monetary tightening, and war in Europe.


March 04, 2022 | High-Yield and Bank Loan Outlook

Credit Returns in the Upcoming Fed Hiking Cycle

Exploring the performance of leveraged credit in past tightening cycles.


November 24, 2021 | High-Yield and Bank Loan Outlook

Are High-Yield Markets Misjudging Evergrande Risk?

High-yield investors should be weighing the risks of contagion more carefully.


August 31, 2021 | High-Yield and Bank Loan Outlook

Looking at Yields in High-Yield Credit

A properly diversified credit portfolio should have exposure to both high-yield corporate bonds and bank loans.


May 13, 2021 | High-Yield and Bank Loan Outlook

In the Recovery Phase of the Credit Cycle

Strong earnings growth, low default volumes, upward rating migration, and tighter spreads in the recovery phase of the credit cycle.


February 25, 2021 | High-Yield and Bank Loan Outlook

A Ripe Environment for Strong Credit Performance

Our positive 2021 economic outlook, combined with better-than-expected company fundamentals, supports strong credit performance and spreads.