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High-Yield

Our Portfolio Allocation Summary for March 2026.

Our Portfolio Allocation Summary for February 2026.

Our Portfolio Allocation Summary for January 2026.

Our Portfolio Allocation Summary for December 2025.

Our key US fixed income views for 2026.

Our Portfolio Allocation Summary for November 2025.

This week’s Special Report evaluates the reward and risk in corporate bonds. We address the question of whether low expected excess returns today are justified by low risk or an example of overvaluation.

Our Portfolio Allocation Summary for October 2025.

USD-denominated Emerging Market bonds have been outperforming US corporates for the past year. We don’t think the rally is exhausted yet.

Our Portfolio Allocation Summary for September 2025.

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