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 Fed’s Rai Stones
By: Jake Remley — May 12, 2021

As the inflation versus reflation debate rages, the Federal Reserve (Fed) must make unprecedented assumptions about the post-pandemic economy. Despite Powell’s assertions that long-term inflation risks are low, it’s simply too soon to say for sure. If evidence mounts that price pressures are rising faster than real growth, the Fed may need to curtail their aggressively dovish stance in the coming quarters.
Read More 

Play Hedge Ratios Using The Price Is Right Rules
By: Theresa Roy — May 5, 2021

In a rising rate environment, we feel it is better to be underhedged rather than overhedged in your LDI strategy.
Read More 

Voting with Your Feet - Possibly More True Today
By: Wesly Pate — April 28, 2021

Changing fiscal policies and COVID-related work environments may result in the increased elasticity of state and local taxes. Longer-term, this could have material impacts on underlying creditworthiness.
Read More 

Weekly + Monthly Market Notes

LDI Monitor