Original article by Michael Mackenzie
Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting with Bloomberg, following markets’ dovish reactions to the most recent 50 basis point rate hike. He believes that Chairman Powell’s pushback in Wednesday’s meeting serves as a small sign of certainty for the bond market, as it implies that there is less risk of an emergency hike.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
