Rising yields and a steeper yield curve are par for the course as an economy enters the recovery..

Macro Strategies, Fixed Income, The Fed, Recovery, Reflation

The municipal market sold off significantly over the past two weeks. Now that the market seems to..

Fixed Income, Municipals, Recovery, Reflation

Congress has moved fast on a fiscal stimulus package. This surprised me in some ways. In my last..

Macro Strategies

About a week ago, an unprecedented polar vortex descended upon the southwestern United States. The..

Credit Research, Fixed Income, Municipals

We believe the global economy could see strong growth in 2021, though the next few months could be..

Macro Strategies, Sovereign Research, Market Outlook, Infographic

Leveraged loans have beneficial characteristics that make them distinct within the fixed income..

Bank Loans