DIAL News and Press, Columbia Diversified Fixed Income Allocation From 03/09/20

Here's that iceberg that is drifting toward our economy's Titanic... and no, it ain't a virus, but it is our choice: Via: @Schuldensuehner Years of easy credit, easy money. The pile of debt from Baa to lower ratings is the real threat here, for its sustainability is heavily contingent on t...

By Scott DiMaggio, Eric Winograd Transcript: Scott DiMaggio: Forty-nine central banks reduced rates last year. I think it's very difficult for us to forecast forty-nine central banks reducing rates again in 2020. However, the monetary stimulus should still be there. The Fed wi...

The 10 year Treasury is at 1.47%. The 30 year Treasury bond is at an all time low yield of 1.92%. Just deal with it. Get over it. There ain't no yield in sight, and none is likely to show up anytime soon. The Fixed-Income markets have been flummoxed by the world's central banks and they n...

One topic of research that keeps popping up is the question of what the central bank objective function should be. In simpler terms, what is the target of the central bank? (At present, most central banks have an inflation target, possibly with secondary objectives.) This is a preoccupation of...

In a month filled with central bank decisions and notable political events, yields on 10-year benchmark bonds fell in January across sovereign bond markets. The biggest move came from Australia's 10-year note, whose mid-yield plunged 48.5 basis points to finish January at 0.91%. Despite the ec...

By Hemant Baijal, Head of Multi-Sector Portfolio Management, Global Debt Senior Portfolio Manager ; Meral Karasulu, PhD, Director of Fixed Income Research, Global Debt Team ; Claudia Castro, PhD, Director, Fixed Income Research ; Turgut Kisinbay, PhD, Director of Fixed Incom...

By James J. Clarke How do we think about a world of ultra-low interest rates as equity investors? To us, interest rates are much more than determining what discount rate to use in a valuation model. At extreme levels, the rate environment introduces distortions that impact management behav...

Credit markets have rallied significantly over the past few years, with spreads over Treasuries in the U.S., for example, dwindling to very tight levels alongside decreasing yields. At the same time, many investors have raised concerns over credit market volatility, liquidity, potential overva...

Mid-yields on 10-year government bonds finished 2019 - and capped off the decade - with across-the-board increases. In fact, amid an ever-uncertain monetary policy environment, several government bond markets tracked by Tradeweb saw their yields rise by double digits over the course of Decembe...

Most central banks around the world joined the G3 in 2019 by easing monetary conditions, a trend that should persist in 2020. For its part, the Federal Reserve (Fed) course-corrected three times to address global headwinds and improve domestic business conditions. The effects of these coordina...