Corporate Bonds
Executive Summary Summarizing Our Main Investment Themes In One Chart
Summarizing Our Main Investment Themes In One Chart…
Executive Summary Spreads Near 2017-19 Average
Spreads Near 2017-19 Average…
Highlights Chart 1Reduce Credit Exposure
Reduce Credit Exposure…
Executive Summary Our recommended model bond portfolio outperformed its custom index by a robust +48bps in Q1/2022 – an impressive performance given the significant uncertainties stemming from the Ukraine war, surging commodity prices and hawkish central banks. This outperformance came…
Executive Summary Equities Are Still Attractive Versus Bonds
Equities Are Still Attractive Versus Bonds…
Listen to a short summary of this report. Executive Summary Tighter Financial Conditions May Affect Growth
Tighter Financial Conditions May Affect Growth…
Executive Summary An inverted yield curve is a reliable recession indicator. Inversions of the 3-month/10-year Treasury slope and the 3-month/3-month, 18-months forward slope both provide more timely recession signals than inversion of the 2-year/10-year Treasury slope. An inverted yield…
Executive Summary Tracking Inflation In 2022
Tracking Inflation In 2022…
Executive Summary The Fed is in a tough spot. On the one hand, rising long-dated inflation expectations will incentivize it to tighten more quickly. On the other hand, the flat yield curve and poor risky asset performance point to a heightened risk of recession if it tightens too aggressively…
Highlights Chart 1A Tough Balancing Act For The Fed
A Tough Balancing Act For The Fed…