Loan-only capital structures have gotten some negative attention lately. Critics caution that..

Bank Loans

"Core" PCE^[1] inflation year over year eased from a recent high of 2.04% last July to 1.55% in..

Macro Strategies

The global economy appears to be heading out of a soft patch within its continued expansion. In..

Macro Strategies, Sovereign Research

The road ahead for risk assets looks pretty smooth right now. But valuations have already baked..

Macro Strategies, Sovereign Research

The subprime consumer sector has come a long way since the dark days of the financial crisis...

Securitized Research

It’s no secret that people are living longer. Falling fertility rates indicate that, on average,..

Equity Research