This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers��� investments in CMLs.
Daily comprehensive market and economic trends through clear and compelling charts.
Improving credit fundamentals, light tax-exempt supply and robust demand have driven the strong performance of municipal bonds in 2019.
For investors peering into 2020, it is likely that U.S. monetary policy will remain on hold for the time being.
EM should continue to provide a substantial economic growth alpha relative to developed markets due to better demographics and a productivity catch-up.
We are upgrading our view on equities to reflect early signs of an upturn in macroeconomic data, falling recession risk and an increase in the chance of at least a limited U.S.-China trade deal.
Armageddonists and the portfolio cost of fear, 2010-2019