What We Think

See our perspective on key developments in the US fixed income market and learn more about our investment philosophy, process, and strategies.

The Take
on what the market gives us…

The Bond Market’s Barbed Wire
By: Jake Remley — January 20, 2021

The bond market has a complicated relationship with liquidity. While the Federal Reserve's recent liquidity injections have been well telegraphed, larger and less understood trends are at hand. In this piece, we look at the impact of recently implemented regulations on the primary dealers' business models and how they've adjusted to maintain ample market-making liquidity.
Read More 

ESG Lessons from 2020 as we move into 2021
By: Ed Ingalls — January 8, 2021

Many asset owners are taking the lessons learned in 2020 and looking forward to a more sustainable and inclusive 2021 and beyond.
Read More 

Convexity and the Holiday Sweater that Just Doesn’t Fit
By: Wesly Pate — January 6, 2021

Convexity matters, but only if it can be monetized. In some single-asset class strategies, convexity may only materialize during periods of illiquidity, which fails to deliver the desired results.
Read More 

Weekly + Monthly Market Notes

LDI Monitor