Navigating Inflation: Does Your Concern Match Your Hedge?
The opportunity cost for inflation protection is high—is it worth the cost?
Assessing the Coronavirus: A New Source of Uncertainty for Global Markets
In January, we highlighted signs of green shoots in economic data—learn how recent developments affect our outlook.
CLO Hysteria: Fact versus Fiction
Ten years have passed since the financial crisis and many pundits are using this arbitrary anniversary to prognosticate the next great financial calamity. This week, CLOs take their turn in the spotlight.
The BBB-Rated Expanse: A Mass of Fallen-Angels or a Gentle Giant?
In October 2018, we published our views on the growing glut of BBB-rated corporate debt. The headline takeaway was the following: longer-term we have concerns, but shorter term a downgrade cycle did not appear imminent. In our multi-sector strategies, this view helped us capitalize on the December volatility and position our portfolios for the bounce back and strong rally in credit markets to start the year.
The 2018 fixed income outlook: It’s quiet…is it too quiet?
As we enter 2018, the macro environment remains supportive for fixed income markets. However, with full valuations and diminished monetary policy support, the margin for error is razor thin as fixed income investors identify potential risks.
Voya Investment Management's CIO of Fixed Income, Matt Toms, CFA breaks down the major themes of 2018 and discusses the key market trends that are likely to lead to a return of volatility.