Fed Rate Hikes: Why Are Bond Yields Falling?
The Federal Reserve's pledge to curb inflation appears to have resonated with the market. If the central bank raises rates as much as recent projections indicate, the risk of recession rises. Consequently, bond yields have been pulling back from recent highs and the yield curve has flattened.
2022 Mid-Year Muni Market Outlook
We suggest that muni investors consider taking advantage of the recent selloff by moving up in both credit quality and coupon structure, and moderately extending duration.
2022 Mid-Year Corporate Credit Outlook
After the steep drop in prices during the first half of this year, yields on many corporate bond investments are at or near 12-year highs. While that is attractive from an income perspective, we still suggest a maintaining a defensive approach, as risks are rising.
Fed Gets Aggressive: What's It Mean for Investors?
Sticky inflation leads Fed to give rates a bigger bump. Could change be on the horizon for the economy and the markets?
How to Identify Reputable ESG Bonds
Not all ESG bonds are what they purport to be. Here's how to help identify the reputable ones.
A Guide to Navigating the Bond Market
This guide breaks down common bond types, explains how they may respond to changing interest rates, and provides tips for selecting the ones most compatible with your portfolio.
2022 Mid-Year Outlook: Fixed Income
Returns should be better for fixed income investors in the second half of 2022, now that interest rates have reset higher. However, we still expect volatility to remain high as central banks shift away from easy-money policies.
Think Twice Before Buying a Muni Below Par
Municipal bonds acquired at too deep a discount could be subject to an additional tax, known as the de minimis tax, which would take a bite out of the after-tax return.
Are TIPS Worth Considering Now?
Treasury Inflation-Protected Securities, or TIPS, can help protect against inflation over the long run, but in the short term their performance may be dictated more by price declines in the secondary market. That's been the case so far this year.
Bond Market Reset: What's Next?
Major central banks are hiking interest rates rapidly and shrinking their balance sheets in an effort to "normalize" policy. The question hanging over the market is, "What is a normal policy rate?"