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…

I'm Sad Because I'm Shortening, and I'm Shortening Because I'm Sad
By: Wesly Pate — September 16, 2020

Diverging durations have unique portfolio ramifications. Here we discuss the potential for passive additions to risk when durations move in opposite directions.
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Agency Mortgage-Backed Securities’ Excellent Adventure
By: Jake Remley — September 9, 2020

Long-term fixed income investors have experienced a variety of “black swans” over the past 20 years. Agency MBS has had its share of challenges, but the sector’s liquidity, transparency, and diversification benefits remain resilient through market cycles.
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Mental Model Update
By: Bill O’Neill — September 2, 2020

Low rates = long durations. Updating the mental model.
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Weekly + Monthly Market Notes

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LDI Monitor

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ESG Monitor

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