Rising Interest Rates

    Aug 7, 2017

Growth Potential Ahead?

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While the global economy has gained momentum over the past six months, financial uncertainty and the corresponding risks point to modest growth potential domestically through...

    Aug 7, 2017

Is Market Volatility on the Rise?

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Given current valuations, low and rising interest rates, and modest global growth, we expect a single-digit return environment in the years ahead...

    Aug 2, 2017

Fed Plans to Shrink Balance Sheet

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For the second time this year, the Fed decided to raise short-term interest rates by 25 bps. This brought the Fed Funds Rate to 1.25%. Of perhaps greater importance...

    Jul 24, 2017

What Does Short Duration Mean for Credit-Sensitive High Yield?

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Short Duration High Yield is not a unique asset class, but rather a subset...

    Jul 18, 2017

Is Your Bond Index in Trouble?

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When it comes to core fixed income, the universal benchmark is the Bloomberg Barclays U.S. Aggregate Bond Index (“the Agg”). Many investors simply accept...

    Jul 7, 2017

Global Interest Rates Rise on Improving Economic Data

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After falling for most of the year, the U.S. 10-Year Treasury yield reached 2.13% on June 26 – its lowest level of...

    Jun 27, 2017

The Reflation Trade

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An increase in inflation has been much anticipated, but slow to arrive. Following the November election, the so-called “reflation trade” sparked a sell-off in bonds, driving the...

    Jun 22, 2017

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

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