The Take
on what the market gives us…

ESG in Fixed Income
By: Allison Walsh — August 26, 2021

How incorporating ESG into our research process has helped me sleep a little easier at night.
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What is Your Road to R&R?
By: Allysen Mattison — August 18, 2021

Kick back for some R&R and stroll down understanding the steppingstones of the Risk path that leads to your Return destination.
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Rocky Road in a Waffle Cone with Gummi Bears on Top
By: Angela Meringoff — July 29, 2021

Customizing a fixed income portfolio can be like ordering off-menu at a restaurant; do you want to eat the chef's famous dish, or would you rather have a meal cooked to your specifications?
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Short Corporate Convexity – A Monster Lurks Beneath
By: Wesly Pate — July 21, 2021

The range-of-returns profile of the front-end corporate market is evolving rapidly. Callable bond exposure in the front-end investment-grade corporate market has increased fourfold over the past decade, but traditional bond price calculations fail to fully reflect the relative value dynamics that can exist.
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Securitized Sudoku: An Investor’s Trilemma
By: Jake Remley — July 14, 2021

Securitized products have gradually become more heterogeneous. No longer can the securitized universe be simply considered a short, stable yield-alternative to unsecured credit. New collateral types and structures offer enticing yield, but investors must be cognizant of the trade-offs with liquidity and cash flow stability.
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Have You Filled a Bucket Today?
By: Amy DiMarzio — June 30, 2021

Last week, we at IR+M held our eighth annual IR+M Gives B.A.C.K Week. Together, we filled the buckets of 43 different charities. Over the course of the week, our individual buckets were filled many more times than 43.
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Dad Jokes, Star Wars, and Convexity
By: Wesly Pate — June 23, 2021

Convexity is a critical part of bond management but often is less understood by many market participants. Following some post-Father’s Day dad jokes, we jump in to provide an explanation of convexity that we hope serves to clear up some typical confusion on the topic.
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Identical or Fraternal? It’s Not Always Obvious.
By: Amy DiMarzio — June 10, 2021

You know the old saying – you can’t judge a book by its cover. This adage is definitely relevant to credit research, where it is vitally important to dig deep and consider all factors – especially those related to E, S, and G.
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MBS Taper Without the Tantrum?
By: Jake Remley — May 26, 2021

With the arrival of beach weather, the economy is heating up while the housing market is scorching hot. While the latter supports consumer confidence, worker mobility, and healthy local tax revenues, outsized home price inflation stokes undesired affordability issues. As a result, the Fed may soon find it necessary to curtail its $40 billion/month in MBS purchases even if it chooses to maintain its $80 billion/month in Treasury purchases for the time being.
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Racing in the Rain
By: Ed Ingalls — May 20, 2021

The art of racing in the rain and how a slow but steady investment approach is likely to be competitive over a long-term time period.
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