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…

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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