Now that yields have reset higher, bonds are positioned to protect portfolios while delivering higher income.
Floating-rate income and the secured nature of senior loans may provide a valuable defense against both rising rates and higher default risk for investors able to stomach short-term volatility.
As investors grapple with a new era of macroeconomic uncertainty, liquidity is king in the near term.
During the 1Q20 market dislocation we argued that Securitized Credit was a compelling way to gain access to the eventual rebound of the U.S. consumer—our view today remains the same.
Recent rate volatility suggested a disconnect between investors and Fed policy — does the old mantra of “Follow the Fed” still ring true?
The opportunity cost for inflation protection is high—is it worth the cost?
EM Corporates could be a valuable source of total return, carry, and diversification.
While the world has cheered news of a vaccine on the horizon, it will not be available in time to help fight the recent surge in new cases of the virus.
Going forward, being nimble and remaining selective will be critical to identifying attractive new opportunities.