Press Coverage - Income Research + Management

CNBC – Stocks slide as Fed signals it’s not done hiking rates, Nasdaq falls 1.5%: Live updates 09/20/2023
Original article by Hakyung Ki. Jake Remley, Senior Portfolio Manager at Income Research + Management, provided written commentary that was covered in a markets roundup by Hakyung Ki of CNBC. Read full article here.
MarketWatch – Fed’s revised dot plot for interest rates makes wall of maturing debt a bigger worry 09/20/2023
Original article by Joy Wiltermuth. Jake Remley, Senior Portfolio Manager at Income Research + Management, provided written commentary that was covered in a piece by Joy Wiltermuth for MarketWatch. Read full article here. (Paywall)
International Financing Review – US ABS primary has biggest week in at least five years 09/16/2023
Original article by Richard Leong. Mike Sheldon, Senior Portfolio Manager at Income Research + Management, spoke with Richard Leong of International Financing Review. Sheldon was quoted as stating that ABS primary market demand is strong and that there is interest in the short end of the curve. Read full article here. (Paywall)
CNBC – Don’t let the tax break drive your search for munis. How to find the right fit for your portfolio 09/14/2023
Original article by Michelle Fox. Wesly Pate, Senior Portfolio Manager at Income Research + Management, spoke with Michelle Fox of CNBC. Pate was quoted breaking down how to calculate if taxable bonds are the optimal purchase for an investor based on their asset class in Fox’s piece on finding bonds that fit investors’ portfolios. Wes ...
The Bond Buyer – Muni mutual fund inflows are back again 08/31/2023
Original article by Jessica Lerner. Wesly Pate, Senior Portfolio Manager at Income Research + Management, spoke with Jessica Lerner of The Bond Buyer on the impacts that lack of supply is having on Munis in terms of valuations and trading activity. Read full article here. (Paywall)
Nasdaq TradeTalks – Why Embedded Inflation Pressures Could Keep Interest Rates Elevated for a Prolonged Period 08/28/2023
Original broadcast with Jill Malandrino. Jake Remley, Senior Portfolio Manager at Income Research + Management, joined Nasdaq’s TradeTalks with Jill Malandrino to discuss where IR+M sees value for active fixed income managers, why the long end of the yield curve is preferred, and the next steps the Fed will take to hit its inflation target. ...
Bloomberg – Municipal Bonds Outperform as Investors Rush to Buy Dwindling Supply 08/15/2023
Original article by Coryanne Hicks. Wesly Pate, Senior Portfolio Manager at Income Research + Management, spoke with Nic Querolo of Bloomberg on the lack of supply in the munis market. Read full article here. (Paywall)
The Bond Buyer – A Quiet Trading Session, but Pessimism Hangs Over 08/07/2023
Original article by Christine Albano and Lynne Funk Jeremy Holtz, Portfolio Manager at Income Research + Management, was quoted in Coryanne Hicks’s article for The Bond Buyer on valuations and market weaknesses in her roundup. Read full article here. (Paywalled)
U.S. News & World Report – 10 Long-Term Investing Strategies That Work 07/31/2023
Original article by Coryanne Hicks. Jim Gubitosi, Chief Investment Officer at Income Research + Management, was quoted by Coryanne Hicks in her USA Today article on the 10 Long-Term Investing Strategies That Work. Read full article here.
USA Today – Why is the 10-year Treasury so important? 07/11/2023
Original article by Coryanne Hicks, Farran Powell, and Stephanie Steinberg Jake Remley, Senior Portfolio Manager at Income Research + Management, was quoted by Coryanne Hicks in her USA Today article on the 10-year Treasury. He highlighted the value of the 10-year as an interest rate benchmark, as well as its sensitivity to macroeconomic indicators. Read ...
Bloomberg – ABS Are Increasingly Sold at Discount Prices: Structured Weekly 06/16/2023
Original article by Scott Carpenter An ABS blog post by Scott Hofer, Senior Research Analyst and Lyniese Patterson, Portfolio Manager at Income Research + Management received coverage by Scott Carpenter of Bloomberg. The piece cited the blog and included quotes from Scott Hofer on how ABS are increasingly sold at discount prices. The article is ...
The Wall Street Journal – Dow Jumps 700 Points After May Jobs Report Comes in Hot 06/07/2023
Original article by Dave Uberti Jake Remley, Senior Portfolio Manager at Income Research + Management, spoke with Dave Uberti at The Wall Street Journal and was included in a market roundup on today’s positive jobs report. Read full article here.
MarketWatch – Debt on trophy office buildings is starting to buckle as loans come due 05/20/2023
Original article by Joy Wiltermuth Mike Sheldon, Senior Portfolio Manager at Income Research + Management, spoke with Joy Wiltermuth at MarketWatch about the appetite among investors for debt on Tier 1 office buildings. Read full article here.
Bloomberg – ‘Masters of the Muniverse’ Podcast 04/27/2023
Original podcast by Eric Katazsky and Karen Altamirano Wesly Pate, Senior Portfolio Manager at Income Research and Management, joined Eric Katazsky and Karen Altamirano on the Bloomberg ‘Masters of the Muniverse’ podcast to discuss his outlook for munis for the remainder of 2023, IR+M’s “bottom-up” selection philosophy, and how IR+M builds effective crossover strategies. Listen to ...
Bloomberg (Terminal) – KKR-Owned Data Center Owner Sells First ABS: Structured Weekly 04/24/2023
Original article by Scott Carpenter Scott Hofer, Senior Research Analyst at Income Research + Management, was quoted by Scott Carpenter of Bloomberg on the asset-liability mismatch data center ABS issuers face within his piece on a new KKR-owned data center issuance. The article is only available on the Bloomberg terminal
Reuters – Stocks fall, yields climb on rate hike view 04/19/2023
Original article by Chuck Mikolajczak Jim Gubitosi, Co-chief Investment Officer at Income Research + Management, spoke with Chuck Mikolajczak at Reuters about Fed policy moving forward in Chuck’s markets coverage. Read full article here.
Bloomberg- Junk Markets Mount a Cautious Rally for Risk After Drought 04/06/2023
Original article by Jill Shah Lyniese Patterson, Portfolio Manager at Income Research + Management, spoke with Jill Shah at Bloomberg this week about her preference for keeping cash balances to deploy into safer fixed income classes than high yield, Read full article here.
The Wall Street Journal – Stocks Slump on Signs of Economic Slowdown 04/04/2023
Original article by Charley Grant and Will Horner Jake Remley, Senior Portfolio Manager at Income Research + Management, was quoted by Charley Grant at The Wall Street journal about on the current jobs market. The conversation touched upon the yield curve, treasuries, and job openings. Read full article here.
Bond Buyer – Munis end week, Q1 on a quiet note; California deals top the slate 04/03/2023
Original article by Christine Albano and Chip Barnet Wesly Pate, Senior Portfolio Manager at Income Research + Management’s commentary on municipal bonds supply was featured in an article by Christine Albano and Chip Barnet of Bond Buyer. Read full article here. (Paywalled)
Bloomberg – Texas’ Record $3.5 Billion Muni Deal to Sell After Two-Year Saga 03/13/2023
Original article by Scott Carpenter Scott Hofer, Senior Research Analyst for asset-backed securities at Income Research + Management, appeared in Bloomberg. In conversation with Scott Carpenter, Hofer spoke on Texas Natural Gas Securitization Finance Corp’s bond issuance. Read full article here.
Bond Buyer – Munis firmer across the curve, outflows return 02/02/2023
Original article by Jessica Lerner Welsy Pate, Senior Portfolio Manager at Income Research + Management, appeared in The Bond Buyer. The piece is focused on how the inherent tax-exemption and strong credit quality are driving demand for munis. Read full article here (paywalled).
Reuters – Stocks rally, dollar slumps after Fed statement, Powell remarks 02/01/2023
Original article with Chuck Mikolajczak Jake Remley, Senior Portfolio Manager and Principal at IR+M, was recently quoted in Reuters. Reporter Chuck Mikolajczak quoted Jake on the Fed in his daily markets coverage. Read here
Nasdaq TradeTalks – Optimism for Fixed Income in 2023 01/20/2023
Original video with Jill Malandrino Jake Remley, Senior Portfolio Manager and Principal at IR+M, recently joined Jill Malandrino on NASDAQ’s TradeTalks program. Their conversation covers IR+M’s optimism for fixed income in 2023, why a recession is not a foregone conclusion, and where he sees value on the yield curve. Remley says, “We actually like fixed ...
InsuranceAUM – Talking MBS, Govies, and Agencies 01/10/2023
Original podcast by Stewart Foley Jake Remley, Senior Portfolio Manager and Principal at IR+M, recently joined Stewart Foley on the InsuranceAUM.com Podcast. Their conversation covers MBS, Govies, Agencies, and more. Listen here (Paywall)
Capital Allocators – Core Fixed Income at IR+M 10/31/2022
Original podcast by Tim McCusker Jack Sommers, IR+M’s co-founder, recently joined Tim McCusker on the Capital Allocators podcast. Their conversation covers the early days of IR+M, growth overtime, the landscape of fixed income investment, and more. Listen here
Barron’s – Stocks Surge, Shrugging Off Inflation Data 10/14/2022
Original article by Jacob Sonenshine and Jack Denton Jake Remley, Senior Portfolio Manager at Income Research + Management, spoke with Barron’s about the impact of inflation on the stock market and what this might mean for the bond market. Read full article here.
Reuters – Global bond funds see biggest outflows in two decades 10/05/2022
Original article by Patturaja Murugaboopathy and Gaurav Dogra Jake Remley, Senior Portfolio Manager at Income Research + Management, spoke with Reuters about better yield prospects for the remainder of the year in their coverage of global bond outflows. Read full article here.
FundFire – Remote Work Helped $96B Boutique ‘Lean into Discomfort’ 09/29/2022
Original video by Dervedia Thomas Allison Walsh, Head of ESG and Corporate Sustainability, and Annemarie Ellicott, Head of Corporate Responsibility at Income Research + Management, appeared in FundFire’s video series to discuss the firm’s transition to remote work. They explained how the process forced IR+M to look deeper into its DEI and sustainability initiatives to ...
The Bond Buyer – Munis walloped on front end, $2B more outflows 09/22/2022
Original article by Jessica Lerner Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the recent turbulence within the municipal bonds market and massive outflows from mutual funds. As a result of the conditions, Jake explained that the curve inversion is pressured further, which will continue to fuel the potential ...
International Financing Review – IFR SNAPSHOT – Fed Outlook Jolts Markets as IG Primary Returns 09/22/2022
Original article by John J. Doran Mike Sheldon, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the latest in structured finance issuance. With a lot of uncertainty surrounding the debt markets, Mike attributes the benefits high-quality issuers are receiving to the strong demand. Read full article here (paywalled).
FundFire – Boutique Manager Unfazed by Inflation in Sustainability Drive 09/07/2022
Original video by Dervedia Thomas Allison Walsh, Head of ESG and Corporate Sustainability at Income Research + Management, appeared in FundFire’s video series to discuss the firm’s continued dedication to sustainability amid inflation fears. She gave a glimpse into the firm’s unique efforts to encourage sustainability in the office and at employees’ homes while staying ...
CNN Business – Caution: September is historically a dismal month for stocks 08/28/2022
Original article by Paul LaMonica Jake Remley, Senior Portfolio Manager at Income Research + Management, spoke with CNN Business about the importance of the robust July jobs report. He suggested that the Fed is less concerned about August job numbers given July’s labor market trends, also noting that the labor market speaks to the underlying ...
FundFire – ESG Demand Shields Corporate Sustainability Budgets from Cost Cutting 08/11/2022
Original article by Dervedia Thomas Allison Walsh, Head of ESG and Corporate Sustainability at Income Research + Management, discussed the firm’s continued dedication to socially responsible practices amid inflation fears. Despite current economic turbulence, Allison says IR+M has remained focused on corporate sustainability, including ESG investment strategies and individual employee sustainability practices. Read full article here ...
AM Best’s Best Review – Private Placements Likely to Remain in US Insurers’ Portfolios Despite Rising Rates 08/11/2022
Original article by Terrence Dopp Rob Lund was recently featured in AM Best’s Best Review article discussing the longevity and liquidity behind private placements in portfolios. From a fixed income perspective, Rob believes allocations to private placements will continue to come in gradual shifts rather than big, early moves. Read full article here.
International Financing Review – US High-Yield Market Turns a Corner 08/05/2022
Original article by Michael Haley Lyniese Patterson, Portfolio Manager at Income Research + Management, shared her thoughts on the recent shift in the U.S. high-yield market. Lyniese believes there is a more positive environment for issuers to come to market and that investors want deals to come, creating a more optimistic outlook. Read full article here ...
Bloomberg – Staying Cautious Amid Rally: Q&A 08/04/2022
Original article by Caleb Mutua Matt Walker, Senior Portfolio Manager at Income Research + Management, participated in a Q&A to discuss his outlook for the credit market throughout the remainder of 2022. He sees opportunity, despite the challenges bond holders face in getting adequate compensation for the risks associated with investing amidst rate hikes. Read ...
International Financing Review – LBOs Aside, HY Market Prepares for Quiet Second Half 07/09/2022
Original article by Michael Haley Ginny Schiappa and Lyniese Patterson, Portfolio Managers at Income Research + Management, shared their H2 outlook on the high yield bond market given the slow start to the year. Despite the decline in issuance, both remain cautiously optimistic as to how the rest of the year may play out Read ...
MarketWatch – Recession is Challenging Inflation as Top Fear Among Stock and Bond Investors 06/27/2022
Original article by Joy Wiltermuth Jake Remley, Senior Portfolio Manager at Income Research + Management, weighed in on the debate around the largest current worry for investors – a growth scare for investors, or high inflation. Jake noted that earnings expectations have dropped again, but that bad news could take some pressure off the Fed. ...
The Bond Buyer – Improving Market Technicals Shine Light on Muni Value 06/03/2022
Original article by Christine Albano Wesly Pate, Senior Portfolio Manager at Income Research + Management, shared his thoughts on market dynamics concerning municipal investors. Wesly noted that pockets of opportunity are present in municipals, and relative to other investment-grade asset classes, duration is well compensated for in the municipal market. Since he expects ratios to ...
The Wall Street Journal – Record Gas Prices Hit Americans’ Start to Summer Travel Season 06/01/2022
Original article by Hardika Singh Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on inflation trends and household cash balances. Jake noted that while pandemic monetary stimulus has helped household cash balances to remain strong, the cash cushion is starting to erode. Read full article here (paywall).
International Financing Review – HY Market Window Opens 06/01/2022
Original article by Michael Haley Ginny Schiappa, Portfolio Manager at Income Research + Management, shared her thoughts on current dynamics in high yield issuance. Ginny believes that opportunistic issuers have become more selective regarding when they bring a deal to market, given recent economic turbulence. Read full article here (paywall).
FundFire – Income Research + Management Moving HQ, But Not Very Far 05/31/2022
Original article by Joe Morris Joe Morris, News Analyst at FundFire, published a piece about IR+M’s upcoming move to Boston’s Winthrop Center in 2023. IR+M Chief of Staff, Sarah Kilpatrick, shared her thoughts about how the move accommodates the firm’s hybrid-work arrangements and paves the way for a more collaborative future of work. Bill O’Malley, ...
FundFire – Managers Face New ESG Regime Under SEC Proposals 05/26/2022
Original article by Dervedia Thomas Allison Walsh, Head of ESG and Corporate Sustainability at Income Research + Management, shared her insights on new ESG proposals put forth by the Securities and Exchange Commission (SEC). Allison noted that the proposed disclosures seem consistent with the regulations coming out of Europe, and emphasized the importance of transparency in ...
The Wall Street Journal – Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas 05/23/2022
Original article by Ryan Dezember and Matt Grossman Kristoff Nelson, Director of Credit Research at Income Research + Management, shared his insights on current dynamics in the domestic production of oil and gas with The Wall Street Journal. Kristoff suggests that the past practice of producers burning through cash to maximize output is no longer ...
The Boston Globe – Winthrop Center Lands Second Tenant 05/20/2022
Original article by Catherine Carlock Sarah Kilpatrick, Chief of Staff at Income Research + Management, spoke with The Boston Globe to discuss the future of the firm’s hybrid work model following the announcement that IR+M’s headquarters will be moving to Boston’s Winthrop Center in 2023. Sarah shared that the new office will emphasize a flexible style ...
Bloomberg – Fed Traders Pare Bets on Bigger June Hike After Powell Pushback 05/04/2022
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 Buyer – Munis mixed, USTs Rally on Short End After Half-Point Rate Hike 05/04/2022
Original article by Jessica Lerner and Gary Siegel Scott Pike, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting and its potential impact on reducing rampant inflation with The Bond Buyer. Scott suggested that the FOMC’s move- to raise the Fed funds target 50 basis points and begin ...
Bloomberg – Easy Muni Money Vanishes and Issuers Are Paying Up 04/26/2022
Original article by Amanda Albright Wesly Pate, Senior Portfolio Manager at Income Research + Management, shared his insights on the current state of the municipal bond market amidst a gain in bargaining power for buyers with Bloomberg. Despite pessimism amongst some muni investors, Wesly is of the belief that the market is returning to healthy behavior ...
The Bond Buyer – Munis ignore UST improvements; Washington sells $1.35B of GOs 04/26/2022
Original article by Gary Siegel, Jessica Lerner, and Lynne Funk Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting and the first-quarter GDP reading with The Bond Buyer. Jake suggested that since growth is likely to come in around 1%, stagflation risks will not be taken lightly ...
Insurance AUM – Podcast: “Rising Rates Pushing Investors Back to Core Bonds” 04/21/2022
Insurance AUM - Podcast: "Rising Rates Pushing Investors Back to Core Bonds"
Bloomberg – Investors Brace for QT’s ‘Profound Effect’ on Cost of Liquidity 03/31/2022
div>Original article by Liz McCormick Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his insights on the current state of the yield curve and the likelihood of an inversion given the recent bond market volatility. Jake spoke to the stress is liquidity Treasuries are experiencing. He is of the belief that QT ...
CNN – Stocks Still Sliding as Russia-Ukraine Fears Persist 03/04/2022
Original article by Paul LaMonica Scott Pike, Senior Portfolio Manager at Income Research + Management, shared his views on the impacts of Russia’s invasion of Ukraine on investment portfolios with CNN. On the back of a positive February jobs report, Scott explained how the geopolitical landscape is actually the more important catalyst for investors to ...
The Bond Buyer – Munis Vastly Underperform UST Rally 02/28/2022
Original article by Gary Siegel, Jessica Lerner, and Lynne Funk Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his views on the impacts of Russia’s invasion of Ukraine on Fed hikes and inflation outlooks with The Bond Buyer. Jake explained how the geopolitical landscape will test the Fed’s prior categorization of transitory ...
MarketWatch – Watch Out For The ‘angry U.S. consumer’ as Russian Invasion of Ukraine Threatens America’s Fight Against Inflation 02/25/2022
Original article by Joy Wiltermuth Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his views on the impacts of Russia’s invasion of Ukraine on U.S. investors, who are largely focused on the cost of food and energy in America, with MarketWatch. Jake explained how and why he feels the Federal Reserve will ...
International Financing Review – Non-QM RMBS Offer More Prepayment Protection 02/23/2022
Original article by Richard Leong Mike Sheldon, Senior Portfolio Manager at Income Research + Management, shared his views on the RMBS market with International Financing Review. Mike noted that mortgage rates have risen in step with rising bond yields stemming from concerns about four-decade high inflation and the Federal Reserve’s plan to stop buying mortgage ...
BenefitsPRO – Is The Flexibility Worth The Risk? 02/01/2022
Original article by Theresa Roy Theresa Roy, Investment Product Specialist at Income Research + Management, shared her analysis and views on the health of pension plans at the end of 2021 and how they can position their portfolios to succeed in 2022 in an op-ed for BenefitsPRO. She explores how the American Rescue Plan Act, ...
Reorg – Municipal Market 2022 Outlook: Fed Rate Hikes Wonʼt Bring Repeat of 2021 but Munis Can Still Outperform Other Fixed Income Classes 01/19/2022
Original article by Anastasia Bergeron Wesly Pate, Portfolio Manager at Income Research + Management, spoke with Reorg about his outlook for municipal bonds in 2022. Wesly feels that the market could see a longer outflow cycle in 2022, as munis started the year below their long-term relative value averages. He also shared that he expects ...
GlobalCapital – Non-restaurant franchise ABS to flourish in 2022 01/11/2022
Original article by Jennifer Kang Mike Sheldon, Senior Portfolio Manager at Income Research + Management, shared his outlook for the ABS market in 2022 with GlobalCapital. Mike analyzed headwinds and tailwinds for whole business ABS securities this year, as well as non-traditional asset class performance in 2021. IR+M saw strong performance in tier-one franchise names ...
Yahoo! Finance – What the Fed has Going for it as Inflation Surges, Tightening Looms 12/16/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Yahoo! Finance on the implications of the Federal Reserve’s hawkish turn at the December FOMC for bond markets in early 2022.
Bloomberg – Historic Decoupling From Treasuries Bodes Well for Munis in 2022 12/08/2021

Wesly Pate, portfolio manager at Income Research + Management, provided insights in an article for Bloomberg on the growing decorrelation between municipal bonds and Treasuries since the COVID-19 pandemic took hold.
The Wall Street Journal – High-Yield Bond Sales Soar to Record as Investors Have Few Other Places to Go 11/26/2021
Original article by Sebastian Pellejero Lyniese Patterson, Portfolio Manager at Income Research + Management, spoke with The Wall Street Journal about where IR+M sees value in the high-yield debt market. Lyniese shared, that given the strong economic backdrop in 4Q2021, the firm’s high-yield team has shifted holdings into lower-rated debt. Lyniese also explained why she ...
The Bond Buyer – Munis Outperform Big UST Sell Off Post-Powell Announcement 11/22/2021
Original article by Lynne Funk and Gary Siegel Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his views on President Biden’s renomination of Jerome Powell as chairman of the Federal Reserve. Jake argued that, the given the market’s perception of Powell as less dovish than Lael Brainard, the notion of more rate ...
The Bond Buyer – Massive Primary, Constructive Secondary Lead Yields Lower 11/09/2021
Original article by Lynne Funk and Gary Siegel Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts with The Bond Buyer about the bond market’s reaction to the release of the October PPI Index. Jake said that the rally in bond yields suggests the market may have priced in even worse ...
The Wall Street Journal – Bond Investors Challenge Wall Street Greenwashing 11/02/2021
Original article by Matt Wirz Kristoff Nelson, Co-Director of Credit Research at Income Research + Management, spoke about the challenges and opportunities in evaluating green bonds with The Wall Street Journal. For instance, Kristoff described how IR+M passed on investing in a sustainability bond from a power company given concerns around greenwashing. He also noted ...
International Finance Review – CMBS supply posts quick start in fourth quarter 10/23/2021
Original article by Richard Leong Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his views on the current state of the CMBS market for International Finance Review. Jake suggested that tourism and leisure travel seem to be coming back, analyzing hotel financing and the CMBS market since the pandemic began. Read full ...
CNN Business – Joe Biden’s Fed conundrum: Stick with Jerome Powell or let him go? 10/21/2021
Original article by Paul La Monica Scott Pike, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the upcoming Federal Reserve Chair nomination and what the outcomes could mean for investors with CNN Business. Scott suggested that Jerome Powell is likely to be renominated, and is the current frontrunner, despite pushback form ...
PLANSPONSOR – Market Drops in September Move DB Plan Funded Status Lower 10/20/2021
Original article by Rebecca Morre Insights from Income Research + Management’s Funded Status Monitor were featured in a PLANSPONSOR article about the health of defined benefit plans in September. IR+M’s report illustrated how funded status waivered in September on the back of policymaking concerns, such as those around the Federal Reserve’s inflation expectations. The article ...
MarketWatch – Wall Street isn’t quitting troubled LIBOR yet, even as new SOFR-linked debt heads for a record ahead of deadline 10/15/2021
Original article by Joy Wiltermuth Isha Chanana, Senior Research Analyst at Income Research + Management, shared her views on the market’s move to SOFR with MarketWatch. Isha noted that while there has been an increase of swap trading volumes in SOFR as LIBOR nears discontinuation, there is also limited SOFR futures volumes. Isha also spoke ...
The Bond Buyer – Quarter End Weakness Remains as Municipals Prepare for $11B of Supply 09/27/2021

Wesly Pate, portfolio manager at Income Research + Management, provided insights in an article for The Bond Buyer on current trends in the buy-side municipal market.
Bloomberg: L.A. Office-Tower Vacancies Threaten CMBS Loans 09/03/2021
Original article by Adam Tempkin Income Research + Management Senior Portfolio Manager Jake Remley shared his outlook on the commercial mortgage bond market for the rest of 2021 with Bloomberg. Jake suggested Class A office space was a strong investing play at this stage of the Covid-19 pandemic, noting that this area of the market ...
The Bond Buyer – Light Trading Provides Little Direction: Inflow Falls To $1B 09/02/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Bond Buyer on the potential reappointment of Jerome Powell as Federal Reserve chairman.
MarketWatch – August Jobs Report Emerges as Key Test for Whether U.S. Bond Yields Will Remain Lower-for-Longer 08/27/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for MarketWatch on Federal Chairman Jerome Powell’s speech at Jackson Hole.
Reorg – Market Participants, Muni Advocates Push for More Muni Provisions in $3.5T, and Reconciliation Bill After Failed Attempts in Covid-19, Infrastructure Legislation 08/26/2021

Wesly Pate, portfolio manager at Income Research + Management, provided insights in an article for Reorg on the impacts a federal infrastructure reform package and other policymaking decisions may have on the municipal bond market.
Bond Buyer – Primary Bond Market: Primary the Focus; Illinois Spreads Tighten Further 08/24/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Bond Buyer on the Jackson Hole Economic Policy Symposium.
International Financing Review: Aviation ABS Gives Lift to Older Planes – IFR News 07/30/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for IFR on aircraft ABS securitizations and global travel recovery.
Reuters: Analysis: As Fed Tiptoes Around Tapering, Investors Look to Jackson Hole Meeting For Clarity 07/29/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Reuters on when the Federal Reserve might provide further details on when and how it would taper its Covid-19 crisis bond purchases.
International Financing Review: IFR – With Fed Chair Powell Set to Testify, IG Primary Keeps Churning Out Deals 07/22/2021

Ginny Schiappa, portfolio manager at Income Research + Management, provided insights in an article for IFR on high-yield deals in the primary market.
FundFire: Pride or ‘Rainbow Washing’? Managers Promote Allyship as Scrutiny Intensifies 06/16/2021

Sue Synodis, the Chief Human Capital Officer and Co-Chair of the Office of DEI at Income Research + Management, provided insights in an article for FundFire on how the firm’s LGBTQ+ allyship and Pride Month celebrations have evolved over time.
FundFire: Home Office Makeovers Help Asset Mgmt Staff Embrace Remote Work 06/14/2021

Sarah Spencer, business management analyst at Income Research + Management, was featured in a video produced by FundFire about asset management executives’ home office arrangements.
Bloomberg: CMBS Investors Clamor for a Piece of a New Manhattan Skyscraper 06/11/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Bloomberg on the health of the mortgage bond market at this stage of the Covid-19 pandemic.
The Real Deal: Traders Eye Fed Pullback on Mortgage Bonds 06/10/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for The Real Deal on the state of the Federal Reserve’s mortgage bond-buying program, instituted in the early stages of the Covid-19 pandemic.
Bloomberg: Housing Boom Fuels Bets That Fed Will Taper Mortgage Bonds First 06/10/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Bloomberg on the Federal Reserve’s role in the housing market.
Reuters: U.S. Yields Drop After Fed Officials Vow Support to Keep Policy Easy for Some Time 05/24/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Reuters on U.S. Treasury yields and Fed tapering.
FundFire: Loomis Exec Jumps to Fixed Income Boutique 05/07/2021

FundFire shared news of Income Research + Management hiring Ken Johnson as senior client portfolio manager and Philip Machoka as client portfolio manager.
Financial Investment News: Income Research + Management Adds Client PMs 05/05/2021

Financial Investment News reported on Income Research + Management hiring Ken Johnson as senior client portfolio manager and Philip Machoka as client portfolio manager.
Bloomberg: Bond Market’s Inflation Bulls Get Powell Go-Ahead to Double Down 05/01/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided his stance on inflation in an article for Bloomberg.
Bloomberg: Fix-and-Flippers Face Stiffer Competition in the Housing Market 04/30/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for Bloomberg on the growingly competitive housing market.
Pensions & Investments: Commentary: Inflation expectations vs. reality in the bond market 04/15/2021

Jake Remley, senior portfolio manager at Income Research + Management, shared his ideas in an original article for Pensions & Investments on inflation trends and potential impacts on the bond market.
GlobalCapital: Diamond prices timeshare ABS as domestic travel prospects improve 04/14/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for GlobalCapital on the Diamond Resorts and the ABS market.
MarketWatch: Wall Street bet on financing self-employed home buyers. Will there be regrets? 03/30/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for MarketWatch on non-QM loans and the current housing market.
Bond Buyer: Munis Slightly Weaker as FOMC Doubles Down 03/17/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insights in an article for Bond Buyer on the impact of rising inflation on municipal bonds.
Reuters: U.S. companies issue more fixed-rate debt as yields rise 03/16/2021

Jake Remley, senior portfolio manager at Income Research + Management, provided insight in an article for Reuters on rising bond yields and use of fixed coupons.
Environmental Finance: Advancing ESG in fixed income 03/08/2021

Allison Walsh, head of ESG and corporate sustainability at Income Research + Management, expressed her opinions on the future of sustainable investing in an op-ed for Environmental Finance.
GlobalCapital: Railcar ABS issuance surpasses 2020 volume 03/04/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for GlobalCapital on the railcar securitization market.
GlobalCapital: Innovation returns to whole biz ABS universe 02/18/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights to GlobalCapital on the franchise ABS sector.
GlobalCapital: Franchise ABS trading levels show ‘encouraging signs’ of recovery 02/17/2021

Caroline Chen, senior vice president at Income Research + Management, provided insights in an article for GlobalCapital on the recovery of franchise ABS trading.
GlobalCapital: Buy now, ‘carry’ later: investors pile into red hot ABS market 02/04/2021

Caroline Chen, senior vice president at Income Research + Management, spoke with Jennifer Kang at GlobalCapital about the recent flurry of ABS market activity.
Reuters: Inflation expectations ease as yields slip 01/22/2021

Jake Remley, senior portfolio manager at Income Research + Management, offered his outlook on inflation to Reuters in the wake of a recent strong auction of 10-year TIPS.
IFR: US RMBS issuers make year-end push amid upbeat outlook for 2021 12/18/2020

Caroline Chen, senior vice president at Income Research + Management, spoke with Richard Leong at IFR about how US residential mortgage-backed issuers were working to bring supply to the market before the end of 2020.
FIN News: Investment Management Space Celebrating Holidays With A Virtual Twist 12/17/2020

Bill O'Malley, Chief Executive Officer and Co-Chief Investment Officer of Income Research, spoke with Danielle Correa at FIN News about how employees are adapting firm traditions for the winter holidays during the Covid-19 pandemic.
FundFire: Managers Target ‘Isolation Fatigue’ as Winter Months Approach 11/15/2020

Bill O'Malley, Chief Executive Officer and Co-Chief Investment Officer of Income Research, spoke with Dervedia Thomas at FundFire about how the firm is making sure that employees stay connected and avoid isolation fatigue as the Covid-19 pandemic continues.
Debtwire: SFR bonds range trading, while CRTs may move higher 11/09/2020

Caroline Chen, senior vice president at Income Research, spoke with Al Yoon and Eric Homer at Debtwire about her views on the single family rental bond market rally.
MarketWatch: Corporate debt market sees ‘relief rally’ amid uncertain U.S. election week 11/06/2020

Bill O'Neill, Senior Portfolio Manager at Income Research, spoke with Joy Wiltermuth at MarketWatch about why investment-grade corporate bonds surged as Americans waited for U.S. 2020 election results over the course of a week.
US News & World Report: When Muni Bonds Outside Your State Make Sense 10/02/2020

Wesly Pate, Senior Portfolio Manager at Income Research, spoke with Debbie Carlson at US News and World Report about why investors should buy municipal bonds issued outside of their home states.
IFR: Vantage Deal Signals Appetite for Tech ABS Supply 09/23/2020

Jake Remley, Senior Portfolio Manager at Income Research, spoke with Richard Leong at IFR about tech-related ABS issuance.
FundFire: Managers Spruce Up Social Media to Stand Out 09/21/2020

Brooke Anderson, Principal and Director of Investment Product Management at Income Research, shared how the firm uses social media to connect with institutional investors in the midst of a pandemic that has kept many people working at home with FundFire.
Debtwire: Non-QM Credit Box Almost, but Not Quite, ‘Pre-Covid’ 09/21/2020

Caroline Chen, Senior Vice President at Income Research, spoke with Al Yoon at Debtwire Municipals about non-QM loans.
Pensions & Investments: Income Research & Management Creates Corporate Sustainability Role 09/17/2020

Allison Walsh, Senior Vice President at Income Research, was promoted to the newly created role of head of ESG and corporate sustainability by fixed-income specialist Income Research & Management on Sept. 1.
Debtwire: Muni Portfolio Managers See Bumpy Ride Heading into Fall 09/04/2020

Wesly Pate, Senior Portfolio Manager at Income Research, spoke with Caitlin Devitt and Kathie O’Donnell at Debtwire Municipals about his fall 2020 forecast for the municipal bond market as fundamentals began to weaken in early September.
International Financing Review: Container ABS Volumes Grow as Investors Bet on Calmer Waters 08/29/2020

Caroline Chen, Senior Vice President at Income Research, spoke with Richard Leong at International Financing Review about how and why many investors are piling into bonds backed by container leases.
National Mortgage News: Non-Qualified Mortgages are Coming Back, but with Tighter Guidelines 08/28/2020

Caroline Chen, Senior Vice President at Income Research, spoke with Brad Finkelstein at National Mortgage News about why investors should remain leery of non-QM RMBS even as originators are coming back into the marketplace.
The Bond Buyer: Northeast first half volume rises amid coronavirus curveball 08/21/2020

Wesly Pate, Senior portfolio manager at Income Research, spoke with Andrew Coen at Bond Buyer about municipal bond issuance for the first half of 2020.
Bloomberg: Murky’ Mortgage Bonds See Late-Pays Soar 07/24/2020

Caroline Chen, Senior Vice President at Income Research, spoke with Adam Tempkin at Bloomberg about why fixed income investors should remain cautious about their allocations towards mortgage bonds without U.S. government guarantees.
MarketWatch: Distress signals are flashing in U.S. commercial real estate. But will it need a TALF rescue? 05/07/2020

Jake Remley, Senior Portfolio Manager at Income Research, chatted with Joy Wiltermuth about the impact of the Fed’s stimulus on credit markets.
IFR: Investors slow to embrace riskier ABS as primary market resumes 05/07/2020

Jake Remley, Senior Portfolio Manager at Income Research, spoke with Richard Leong at IFR about the slow return of demand for lower-rated U.S. asset-backed securities since the primary market reopened last March after a COVID-19 induced supply pause.
Bloomberg: A Deluge of Debt 04/30/2020

Bill O’Neill, Senior Portfolio Manager at Income Research, spoke with Caleb Mutua and Jack Pitcher at Bloomberg Briefs about the record-pace borrowing taking place in the bond market.
Bloomberg: California Bond Sale Signals Hope for Muni Market Normalcy 04/17/2020

Wesly Pate, Senior Portfolio Manager at Income Research, spoke with Danielle Moran at Bloomberg about the California sale of $1.4 billion in general obligation bonds.
The Bond Buyer: Coronavirus causes lowest March bond volume since the 90s 03/31/2020

Wesly Pate, Portfolio Manager at Income Research, spoke with Aaron Weitzman at The Bond Buyer about municipal bond volumes in March.
Debtwire: Bottom falls out of RMBS secondary; Devaney shows up 03/23/2020

Caroline Chen, SVP at Income Research, spoke with Al Yoon at Debtwire about bond funds and REITs facing market liquidity challenges.
Debtwire: A Monthly Guide to US RMBS Activity 03/18/2020

Caroline Chen, Senior Vice President at Income Research, spoke with Al Yoon at Debtwire about the US “fix-and-flip” sector.
IFR: US securitization market little moved despite stimulus 03/17/2020

Ralph Saturne, Senior Research Analyst at Income Research, was quoted in Refinitiv on issuance across securitized sectors. As the article notes, primary issuance is on pause as investors wait to see the outcomes of Federal Reserve monetary policy and fiscal packages.
Global Capital: Fed used “most powerful tool” too soon by cutting rates, investors say 03/16/2020

Jake Remley, Senior Portfolio Manager, astutely pointed out, once the Federal Reserve cuts rates to zero, it will start to consider other fiscal and monetary measures, or potentially venture into negative rates.
Bloomberg: What to Watch in U.S. Corporate Credit Markets This Week 03/15/2020

Bill O’Neill, Senior Portfolio Manager at Income Research, was quoted in Bloomberg providing his take on investment-grade debt.
MarketWatch: U.S. stocks score biggest one-day gain since 2008 after Trump declares national emergency over coronavirus 03/13/2020

Jim Gubitosi, co-Chief Investment Officer at Income Research, was quoted in MarketWatch following U.S. President Donald Trump’s national emergency declaration over coronavirus.
Debtwire: Mortgage firms, investors, keeping an eye on delinquencies as health crisis spreads 03/13/2020

Caroline Chen, Senior Portfolio Manager at Income Research, was quoted in industry publication Debtwire on the risks mortgage markets face as the health crisis affects employment.
GlobalCapital: Fed used “most powerful tool” too soon by cutting rates, investors say 03/05/2020

As Jake Remley, Senior Portfolio Manager, astutely pointed out, once the Federal Reserve cuts rates to zero, it will start to consider other fiscal and monetary measures, or potentially venture into negative rates.
Investment Week: Rising Stars of 2020 – Diversity Edition 03/02/2020

Ralph Saturne, Senior Research Analyst at Income Research, was named one of the rising stars of 2020 by the one of the UK’s leading investment publications, Investment Week.
Debtwire: ABS Secondary Market Weekly: Whole Business ABS 02/03/2020

Caroline Chen, Senior Vice President at Income Research, was quoted in industry publication Debtwire on issuance in wholesale ABS.
The Bond Buyer: Taxables bolstered issuance to start the year 01/31/2020

At the time, Wesly Pate noted that “fundamentals look appealing and technicals are still strong.” He did not foresee any issues with such high levels of supply being absorbed by the market. Assuming rates stayed low, which they have done, he foresaw the potential for up to $100 billion in taxable issuance.
Bloomberg: What to Watch in U.S. Corporate Credit Markets This Week 01/27/2020

Jim Gubitosi, co-CIO, spoke with Caleb Matua at Bloomberg, providing his take on the corporate bond markets.
Investments & Pensions Europe: US investment grade: A year for not living dangerously 01/02/2020

Bill O’Neill, Senior Portfolio Manager at Income Research was featured in Investment & Pensions Europe’s feature on US Investment Grade. As Bill anticipated at the time, liquidity is the wildcard.
Bloomberg: Relentless Technical Demand for Corporates 12/13/2019

Bill O’Neill, Senior Portfolio Manager, discusses how demand from pension plans and foreign buyers is keeping spreads tight, and what could cause spreads to widen in 2020.
Structured Credit Investor: Core Qualities 12/09/2019

Investors need to focus on strong fundamentals and underwriting standards in 2020, according to Senior Vice President and Research Analyst Caroline Chen.
Pensions & Investments: 76 Money Managers Go Above and Beyond 12/09/2019

"This year's winners stand out for their commitment to their people and the communities in which they operate," explained P&I Editor Amy B. Resnick.
Pensions & Investments: Attentiveness to Charity a Good Recruitment Tool 12/09/2019

Among other commitments to charity, IR+ M was recognized for offering paid time off for volunteer work, providing company grants for chosen non-profit organizations, and matching charitable donations.
National Mortgage News: FHFA Gives Market More Time to Weigh UMBS Plan 11/19/2019

According to Senior Portfolio Manager Jake Remley, the introduction of UMBS "hasn't had much impact directly on the market."
Pensions & Investments: IR+M Restructures Leadership Team 10/11/2019

In adopting executive titles, the two Managing Principals hope to provide transparency to the firm’s clients and consultants – and beyond that, open the door for a broader executive base.
FundFire: $75B Fixed Income Manager Names First-Ever CEO 10/11/2019

Bill O'Malley, a 25-year veteran of the Boston-based fixed-income manager, will become the firm's first CEO effective January 1st, 2020.
Institutional Investor: How a $75 Billion Bond Shop Plans to Stay Private 10/11/2019

By expanding its senior team and clarifying the role of executives, privately-held Boston-based Income Research and Management is publicly demonstrating its commitment to transparency.
IFR: Servpro debut ABS draws heavy demand despite high leverage 09/18/2019

"With names where you have a lot of demonstrated history and equity in the business, you're seeing investors getting comfortable with higher leverage," said Senior Portfolio Manager Jake Remley.
Asset Securitization Report: Campaign 2020 puts an asset class in the crosshairs 09/09/2019

“When you’re talking about forbearance and forgiveness, when you’re talking about extending maturities on loan terms, those are a lot of risks that investors can’t get their hands around,” said Principal and Senior Portfolio Manager Mike Sheldon.
Global Capital: Investors cool on aircraft ABS as sector feels late cycle pressures 09/05/2019

According to Senior Portfolio Manager Jake Remley, investors’ search for yield has allowed the sector to price a high number of deals from new entrants and a variety of collateral types, even if the collateral is weak or untested.
Global Capital: BAML warns against deteriorating online loan performance 08/26/2019

“With marketplace lending, we just don’t understand where debt payments might fall in the priority of the borrower,” said Senior Portfolio Jake Remley.
Global Capital: Pet supply whole biz securitization shelved 08/16/2019

According to Senior Portfolio Manager Jake Remley, "If this recent spate of volatility across equity and other risk assets fade, you may certainly see Pet Supplies Plus come back."
The Bond Buyer: Muni Monthly Volume Remains Wishy-Washy 07/31/2019

Portfolio Manager Wesly Pate said as a new fiscal year begins, the lack of increased issuance in June is a good tell for what the market will see in the second half of the year.
IFR: Investors Snap Up ABS Ahead of Summer Slowdown 07/20/2019

According to Senior Portfolio Manager Jake Remley, a decline in Treasury rates means that pricing levels remain tight on an absolute basis.
IFR: FDIC eyes regulatory roll-back to boost bank RMBS 07/19/2019

"NINJA ("no income, no job, no assets") loans are not coming back any time soon," states Senior Portfolio Manager Jake Remley.
IFR: AIG Sells First RMBS of 2019 06/15/2019

Pricing on private-label prime jumbo RMBS issuance deals is getting tighter relative to jumbo bonds, according to Senior Portfolio Manager Jake Remley.
Eikon: Wendy’s and Massage Envy Land Whole Biz ABS 06/13/2019

“If there’s any space in securitization that has defined tiering, it’s in whole business ABS,” said Senior Portfolio Manager Jake Remley.