IG News and Press, Principal Investment Grade Corporate Active From 04/20/23

2023-04-20 02:54:00 ET Summary Managers have become less bearish on credit spreads with ~40% expecting spreads to be range-bound in the next 12 months. Inflation and the prospect of recession are the major concerns among managers. At the time of the survey close on Feb. 15, pa...

2023-04-19 03:09:00 ET Summary Aggressive monetary pressure finally saw meaningful impact in the first quarter, in the form of a bank liquidity crisis that required swift intervention by regulators to limit contagion. Markets reacted with volatility and, in anticipation of tighter...

2023-04-17 04:08:00 ET Summary As we head into the second quarter, we believe it’s very likely that economic data will moderate which would be welcome news for the Fed, supportive of their effort to achieve a soft landing and combat inflation. Global fixed income markets ex...

2023-04-07 23:30:00 ET Summary The old investment playbook is out and a new regime that considers high inflation and interest rates is in. Recent events in the banking sector around SVB and Credit Suisse have made clear the importance of staying nimble as investors. Our expect...

2023-04-05 05:00:00 ET Summary Finding an effective way to address reinvestment opportunities will be crucial. Multi-sector should be more tactical, with the return objective generally expected to be positive in absolute terms over a cycle. The available sectors can be similar...

2023-04-05 04:19:00 ET Summary March’s sudden bank failures have revived investor fears of another global financial crisis. Recent rate hikes signal central banks’ belief that the banking sector is robust enough to weather this episode. While market conditions ma...

2023-04-04 02:30:00 ET Summary Treasury yields continued to be extremely volatile during the first quarter as banking issues sent shockwaves through the market, signaling a slowdown in the Fed’s hiking cycle. The net result of interest rate movements during the first quarte...

2023-04-04 02:30:00 ET Summary Markets are liquidity junkies and repeatedly anticipate that central banks will pause and return to easing credit conditions. Equities historically don’t bottom until after a recession is recognized and central banks near the end of easing eff...

2023-04-02 05:04:00 ET Summary Over the past several weeks a remarkable shift in the market’s perception of growth, inflation and policy trajectories means investors should consider calling the market equivalent of a time-out to reassess portfolios. Importantly, as the Fed&...

2023-04-02 04:50:00 ET Summary We’ve talked a lot over the years about the shape of the yield curve, how that is a market signal, how that is telling us something about the future, about potential asset market returns. What’s our thoughts? US debt is considered the r...