Investors are bailing on preferred shares at a historic clip because of the growing concern about the health of US regional banks.
Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.
A direct repercussion of higher central bank policy rates is on the cost of capital for corporations and other issuers of debt. However, not all issuers feel the impact of higher rates at the same time, and we’re more cautious on asset classes that are experiencing higher interest costs sooner.
If there was a message the Federal Reserve (Fed) wanted to make clear after the end of the Federal Open Market Committee (FOMC) meeting on May 3, it was that it reserves the right to remain hawkish.
If you act quickly, you can prevent your mistake from ruining your credit score and jeopardizing your financial future.
Japan’s business and government leaders have undertaken efforts to revitalize the country’s economy. Dina Ting, Franklin Templeton ETFs’ Head of Global Index Portfolio Management, discusses some of these positive developments.
Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett made his name by being greedy when others were fearful and fearful when others were greedy, dispensing folksy wisdom along the way.
The federal Pell grant provides financial assistance to low-income students. Since it’s a grant instead of a loan, it’s essentially free money that students can use to cover their college costs.
It is not yet clear when or if we’ll have a recession in 2023— but it has certainly been a challenging market environment, and with dislocation comes opportunity.
An investment in Comcast today offers the opportunity to more capital appreciation with a margin of safety, a dividend yield approaching 3%, and is growing rapidly.
Some of the world’s biggest asset managers are buying up European corporate bonds — seeing the region as a safer bet as turmoil engulfs US regional banks.
Anne Walsh, CIO of Guggenheim Partners Investment Management, joins Bloomberg TV from the Milken Global Conference to discuss the implications of ongoing issues in fixed income and how capital rationing favors private credit.
Along with identifying your goals and time horizon, assessing risk is a key part of building a holistic financial plan. And while affluent investors generally have higher risk tolerances, determining their individual risk profiles isn’t straightforward.
Investment Strategist Devon McKenna believes intermediate-maturity corporate bonds can offer a fresh value proposition that may help defend the segment against rallying rates and widening spreads.
I want to write a bit about artificial intelligence from the standpoint of a market person who knows little about technology.
Floating-rate bank loans tend to do well when conditions are just right: the Federal Reserve is raising rates and the economy is growing. But such conditions typically don’t last long.
With unanimity, the Federal Open Market Committee raised the Fed funds rate by 25 basis points in May and signaled that further tightening will depend on various economic factors.
Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the economy.
US subprime auto loans are highly stressed, with a new delinquency peak of 1.8%. Rising living costs, interest rates, lack of stimulus, negative equity, declining vehicle values, and rising rates are putting pressure on borrowers.
The threat of recession is making debt securities a safer bet, while the stock market is yet to price in those risks.
Markets posted a strong first quarter, though it was a rollercoaster ride. The path forward will likely stay turbulent, with bank turmoil likely tightening credit conditions and the Fed still wrestling with inflation.
Whether you are a potential borrower or just trying to understand the modern economy, student loans are essential to understand.
As markets going forward remain extremely uncertain, investors should consider the importance of adding income and value to their core portfolios that tend to be overly tilted to growth stocks. On May 2nd, join the experts at SS&C ALPS Advisors and VettaFi as they host a webcast digging into their suite of DOGs ETFs, which offer elevated income and value opportunities while helping to smooth out sector volatility.
US companies’ earnings are strong enough that money managers like T. Rowe Price Group Inc. and PGIM Inc. expect corporate bonds to outperform Treasuries over the next 12 months, even if the economy suffers.
As of April 25, the Bloomberg U.S. Mortgage-Backed Security (MBS) Index was trading at an option-adjusted spread of 65 bps, which ranked in the 91st percentile since 2010. We believe moves in the asset class have been overdone and that current valuations present an opportunity.
Investors are starting to see the downside from the rapid acceptance of artificial intelligence.
Lending standards are a lot like carbon monoxide since they operate in the back ground. When the Senior Loan Officer Opinion Survey (SLOOOS) showed that banks significantly increased lending standards in the third quarter, no one on Wall Street noticed.
What exactly does a trust company do to earn their fee that my family member or friend can’t do?
Investors who base their beliefs about the distribution of possible stock returns on historical data from their home country underestimate the probability of experiencing a significant crash.
With markets sending mixed signals, see why it may make sense for equity investors to look at earnings and the impact of a recession.
Speaker Kevin McCarthy’s plan to link spending cuts to an increase in the US debt limit would result in fewer teachers and more expensive college educations, the Biden administration warned...
Extreme volatility is making it more challenging than usual to predict market movements and where best to allocate portfolios. In fact, even BlackRock executives admitted that they're facing difficulties with allocations.
The pandemic hurt small retailers by hastening the transition to digital commerce and emptied office buildings by turning living rooms into workspace. But it also fueled a warehouse building boom and unleashed a torrent of pent-up travel-and-leisure spending when economies reopened, underscoring the diversity of commercial real estate.
Next week also brings what could be a pivotal Federal Reserve policy meeting. We use this word “pivotal” to say an event is important. Taken literally, it means to turn in a different direction than you were previously going.
Although investing in in-state municipal bonds may have tax advantages, there can be good reasons to buy out-of-state munis.
Every news item these days seem to swing between extremes. When in reality, these bank failures are not atypical. Read our latest insight to learn what similarities these recent bank failures have with previous failures and what the warning signals are.
We have the royal coronation in England to remind us that once upon a time, one person would issue all the laws – which is an unfair but very effective way to make things happen. Here are the edicts that I would issue if the financial services world made me its king.
Higher bond yields and improved total return potential may offer advisors a compelling opportunity to move cash off the sidelines.
Over the past year, the municipal bond market has seen increased volatility stemming from rising interest rates across the yield curve.
Why Scope 3 emissions hide as much as they reveal, and what investors can do about it.
Short-term Treasury yields skyrocketed throughout 2022 reaching levels not seen in almost 15 years. In early October, the yield of the 6-month T-bill topped 4% for the first time since 2007 and by the end of the month had topped 4.5%.
The sudden collapse of two US regional banks and the forced acquisition of Credit Suisse in Europe introduced a third dimension to the existing policy dilemma of balancing inflation and growth objectives: financial stability.
In the spirit of being a good corporate citizen working to build a better world, Franklin Templeton is launching a Diversity, Equity and Inclusion (DEI) webpage that will highlight the company’s DEI efforts.
We favor high yield bonds and natural resource stocks as inflation still shows persistence, earnings expectations deteriorate and worries mount over a stalling U.S. economy.
Investors in European bank shares have been rattled by recent turmoil in the sector. But many banks are in much better shape than widely perceived, and the sector is subject to much tighter regulation than in the US.
China’s domestically driven economic growth has not yet translated to Emerging Market stock performance, which has tended to have been weighed down by international political tensions.
The latest IMF reports shows the mounting risks facing emerging markets.
JPMorgan has unseated itself for the title of largest actively managed exchange-traded fund in the $7 trillion arena.
The disruption in office real estate is outlasting the term on its loans.
VettaFi’s Tom Lydon discusses recent advisor polling data on everything from 60/40 portfolio returns to active ETFs. Sprott’s John Ciampaglia spotlights their lineup of energy transition ETFs, including the first-ever nickel miners ETF. Horizon’s Scott Ladner explains the process behind their ETF-centric, goals-based model portfolios.
