Does High Yield Make Sense in Today’s Environment?

High-yield bonds began 2017 yielding 6.5% with spreads at what were then at a 27-month low of 476 basis points (bps).1 It’s unclear whether investors became nervous about the specter of potential rate hikes, coupled with relatively tight spreads, but subsequently, the asset class saw outflows. Almost six months later

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Jun 22, 2017

Tug-of-War: Fed Signals vs. Market Pricing

As expected, the Fed raised the Fed Funds Rate by 25 bps at its June meeting. Committee projections...

Jun 20, 2017

A Shift in the OPEC Playbook: 2014 vs. 2017

Unlike 2014 and 2015, we do not believe crude oil prices are remaining low as a result of OPEC threatening to increase...

Cheaper Isn’t Always Better, but a Prudent Process Is

While assessing the current state of the defined contribution retirement landscape, there are a number of...

Jun 16, 2017

What’s Behind the Strength in Foreign Developed Equities?

Foreign developed equities, as measured by the MSCI EAFE Index, are off to a strong start in 2017...

Jun 16, 2017

Central Banks, Rising Rates, and Inflation Surprises

Currency-sensitive investors grappled with an onslaught of political events, central bank meetings, and the...

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