The drivers of conventional fixed income returns
To properly assess performance the underlying drivers of return must be understood, including the types of risk to which a portfolio is exposed.
Compensation for credit risk is poor
Following the sharp sell-off in Q4 2018, credit markets globally have performed strongly in 2019. Having seen a big dip, followed by a quick rebound, how are we now left?
Credit is the Canary
Following last week’s meeting of the US Federal Reserve (FED), markets have become increasingly concerned that the FED is making a policy mistake in continuing to increase interest rates.
The early movers are leaving the credit party
During the early stages of the reach for yield process, credit market exposure was the wise choice. Now that we’re closer to the end, it’s more questionable.
The most important chart you’ve ignored
We discuss which chart we are watching closely and what it means to us and investors.
A big night out for credit markets
This Livewire exclusive discusses the changing dynamics in credit markets and why this could be very disruptive.
Investment Grade Credit Relative Value
Investment grade (IG) credit has been one of the worst performing asset classes so far this year, and its largest segment – USD IG credit – has been the worst hit.
When volatility is low but uncertainty is high … buy interest rate options
Thinking uncertainly vs thinking volatility. These two market views are creating something of a conundrum in interest rate markets at the moment.