Bill Eigen, CIO of Absolute Return and Opportunistic Fixed Income Investing, explains today’s fixed income markets.
What are the bright spots in fixed income?
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
Where should core or core plus portfolios look to find value?
What are the risk and return considerations when it comes to private credit?
Do high yield bonds and leveraged loans still have room to run?
David Kelly, the Fed, interest rates
Reaching for yield, which we define as buying bonds with wider spreads after controlling for sector and rating impacts, is a topic that frequently arises in the life insurance industry.