Investors are concerned about the deterioration of corporate debt quality, marked by lower credit ratings and a large share of covenant-lite issuance in the loan market.
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.
The key political, macro and credit risks that insurers may want to address in 2019.
Measuring book yield correctly
Market downturn, bear market
The arrival of the bond bear market, continued normalizing of monetary policy and need to finance expanding U.S. budget deficits, long-term rates are set to rise.
A new way for our institutional investors to access and customize J.P. Morgan's intellectual capital.
David Kelly, the Fed, interest rates
Implications for passive bond allocations
Taft-Hartley Newsletter Spring/Summer 2019