In lower cost, liquid vehicles, alternative risk premia strategies can strengthen a risk-return profile.
Learn about the important topics covered in the Outlook and their potential impact on broader markets. Michael Cembalest touches on topics including: the global banking system, oil markets, the credit risk of US states and credit market liquidity.
Scott McKee, Emerging Markets Corporate Bond portfolio manager, explores the opportunity set in corporate EMD
We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
A summary of the factors driving global markets over the last month.
David Kelly, the Fed, interest rates