Securitized Products

Highlights Corporate Spreads: The Fed’s dovish pivot prolongs the period of time before the yield curve inverts, thus extending the window for corporate bond outperformance. Investors should remain overweight corporate bonds, with a preference for securities rated Baa and below, where spreads…

Highlights Chart 1Bond Rally Supports Stocks Bond Rally Supports Stocks…

Highlights Chart 1Is Low Inflation Transitory? Is Low Inflation Transitory…

Highlights Chart 1What’s The Downside? What’s The Downside…

Highlights Duration: With rate hikes more likely than cuts over the next 12 months, it makes sense to maintain below-benchmark duration in U.S. bond portfolios. However, timing the next up-move in Treasury yields is difficult. We recommend that investors initiate positive carry yield curve…

Highlights Chart 1Track The CRB/Gold Ratio Track The CRB/Gold Ratio…

Highlights Chart 1Look For Rate Hikes In H2 2019 Look For Rate Hikes In H2 2019…

Highlights Chart 1Checklist To Buy Credit Checklist To Buy Credit…

Highlights Chart 1Looking For Peak Credit Spreads Looking For Peak Credit Spreads…

Highlights Credit: Credit spreads are widening due to the combination of weakening global growth and perceptions of restrictive Fed policy. Investors should monitor the indicators of global growth and Fed policy outlined in this report to call the peak in spreads. Duration: Financial…