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Going Purely Passive May Raise Litigation Risk Exposure

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In response to the wave of 401(k) fee litigation in recent years, many plan sponsors have concluded that...

Capital Structure Seniority with a Side of Lower Volatility

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Late last year, three-month LIBOR surpassed 1%, making LIBOR floors a thing of the past.

Policy: Here, There, Everywhere

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The Fed raised rates as expected last week, and their latest dot-plot suggests two more tightening moves this year, and gradual tightening in 2018-2019. This seems reasonable...

Trump and Trade: What Are the Risks?

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President Trump has been an unabashed protectionist for decades, so it is no surprise that he has appointed the most hawkish trade team since Smoot-Hawley.

Energy Renaissance: Three Signposts to Watch

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Supply concerns took U.S. West Texas Intermediate (WTI) oil prices below $50 a barrel recently, amid nine straight weeks of rising crude stockpiles, before inventories finally...

Hesitancy Looms over Financial Markets

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U.S. government bonds have been on a bit of a ride. Late in February, they rallied, and U.S. ten-year treasury yield fell to 2.313%, its lowest close since...

Currency Reacts as Fed Raises Rates

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On Wednesday, March 15, the Federal Reserve (Fed) announced that it would raise the Federal Fund's Rate, the benchmark interest rate it controls, by a quarter of a basis point.

High-Yield Bonds React to Sub $50 Oil

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Energy is one of the largest sectors in the high-yield bond market, so it didn’t go unnoticed when oil prices recently reached three-month lows amid supply concerns.