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Page 681 of 3389Conference Calls
Conference Call Replay – What is Driving the Economy and Corporate Bonds?
December 6, 2018
A replay of our conference call on December 6, 2018.
Newsclips
Relief for Safer Credits but Lingering Risks for High Yield
December 6, 2018
The U.S. credit markets have seen some relief over the past two days, even as equity market performance soured. We see stronger signs of lasting relief for investment grade, lingering reasons for concern on high yield.
Newsclips
Is High Yield Too Idiosyncratic to Be Indexed?
December 6, 2018
The highly idiosyncratic high yield bond market has been consumed by index trading. This represents a risk as the bonds that make up these indices are too different to assume they can trade as one. When stresses rise enough, these bonds could go their separate ways, making index level strategies ineffective.
Newsclips
Inversion a Red Flag, but Economic Data a Better Predictor of Recessions
December 6, 2018
The U.S. Treasury yield curve inversion has begun to flash warning lights about a slowdown in U.S. economic growth. But, a recession is still better timed by realized economic data.
Newsclips
Curves and Monetary Policy Matter More Than “Tariff Man”
December 6, 2018
We continue to believe the effects of trade and tariffs on the markets are overstated. Markets are reacting to inverted yield curves, monetary policy, and slowing global growth more so than tweets from "tariff man."
Newsclips
Transports Brace for Amazon Air
December 6, 2018
Amazon's latest move to control more of its distribution strikes the shipping industry at an awkward time. Concerns over the rising competition will compound worries about slowing growth and margins.
Newsclips
What We’re Reading
December 6, 2018
Today's topics include strained U.S./Chinese relations, consumer expectations, corporate spreads, rising uncertainty, algo trading, crude oil's breakeven and Peter Boockvar on the stock market.
Newsclips
What We’re Reading
December 5, 2018
Today's topics include the yield curve inversion, the stock/bond relationship, Fed President Williams speaks, bank stocks, pain across every asset class, Italian yields, Qatar and the first book ever written about the stock market.
Newsclips
Cartoons
December 5, 2018
Newsclips
Interpreting the Yield Curve Inversion
December 4, 2018
Typically a flattening yield curve is a market signal that the Fed has misread inflation and is tightening too much. While the the 3-month/10yr curve is the measure most economists prefer to watch, the 2yr/5yr and 3yr/5yr curves are now inverted. Historically, every time the 2yr/5yr curve has inverted, the entire curve has inverted before the cycle was over.
Newsclips
Bond Investors Say “Bah Humbug” to Inflation and Tightening Outlooks
December 4, 2018
U.S. inflation has lost momentum on the heels of slowing global growth, dampening the Fed's hawkish bias. Bond investors refuse to become concerned a rash of inflation or tightening can occur as evidenced by low U.S. Treasury volatility.