Viewpoints about interest rates
-
What is bond duration, and why does it matter now?
Rising rates are taking a toll on bond prices this year. Understanding bond duration is one way to find out how your portfolio may fare.
Read more -
How low can they go? Weighing the outlook for credit spreads after tax reform
Corporate bond valuations are already tight. With companies poised to reap the benefits of tax reform, can credit spreads get even tighter? Take a closer look.
Read more
-
Bond market turbulence: putting the recent volatility in context
Long-term yields are up sharply in recent days. We take a closer look at what’s been driving that volatility and what may be in store over the near term.
Read more
-
Goodbye Goldilocks: drivers of today's volatility signal the potential for deeper change
The market's recent volatility has been painful, but it is worrying only if it portends more fundamental changes. With an eye on downside risks, we assess whether volatility may be here to stay.
Read more
-
Connecting the dots: Do FOMC projections suggest an inverted yield curve in 2018?
The Fed's plans for interest rate increases in 2018 could be a warning sign for U.S. stocks. See why.
Read more
-
Flexible is the new core: fixed-income investing for the next 30 years
With interest rates on the rise, investors may be in for a rude awakening when they discover how much risk they're taking in their core bond allocations. See why we believe a flexible approach is better suited to today's markets.
Read more
-
Low economic growth—here to stay
There’s a schism about where global economic growth is going, with some analysts arguing a structural break from secular stagnation is under way. See why we disagree—and what it means for investors.
Read more
-
U.S. payrolls: one for the doves, but we still expect a June rate hike
See why the May nonfarm U.S. payrolls report was one for the doves, though it was not sufficiently weak to cause the Fed to take its foot off the gas pedal.
Read more
-
Secular stagnation—not dead yet
Investors have become more bullish about economic growth, inflation, and interest-rate projections. See why we think the anticipated magnitude and timing of this upturn is too optimistic.
Read more
-
An uptick in market sentiment calls for cautious optimism
While Election Day in the United States has come and gone, extreme economic uncertainty accompanies this particular transition of power. See why we expect key unanswered questions to persist.
Read more