KORP News and Press, American Century Diversified Corporate Bond From 01/25/24

2024-01-25 02:30:00 ET Summary While treasury rates, across maturities, jumped dramatically in 2022, their behavior diverged in 2023. The yield curve has been inverted for all of 2023, in all of its variations. If inflation continues its downward path, it is likely that we wil...

2024-01-24 11:29:00 ET Summary Many investors remain overweight cash, but markets have begun to price for a substantial decline in short-term interest rates. The Asset Allocation Committee (“the AAC”) therefore thinks it is time to deploy liquidity, locking in bond y...

2024-01-17 23:10:00 ET Summary The bond market ended the year with both duration and credit risk driving strong returns for a second consecutive month. 10-year Treasury yields slid to their lowest level since July after the Fed softened its stance on further interest rate hikes. ...

2024-01-15 20:30:00 ET Summary Fundamental metrics are showing signs of deterioration to start the year, particularly among the lowest-rated credits. Only 10% of the high-yield market will mature by the end of 2025, and most of this debt will be of higher quality. Given the un...

2024-01-12 23:25:00 ET Summary The biggest economic story of 2023 was about something that didn’t happen. There was no recession in the United States or, for that matter, in the global economy at large. We expect 2024 will be a different environment for AI, one less about h...

2024-01-09 13:25:00 ET Summary Amid slower economic growth and more benign monetary policy, we believe that this year bond prices will be driven less by inflation and central bank policy and more by economic growth dynamics. Rather than seek to play the timing of interest rate red...

2024-01-05 09:50:00 ET Summary Bond yields are up but secular forces still pose headwinds for inflation-adjusted returns. While the power of higher bond yields is certainly a welcome development for income investors, the path forward will likely feature plenty of volatility. W...

2024-01-03 21:10:00 ET Summary Treasury yields declined precipitously during the 4th quarter as the Fed’s dovish pivot during the December meeting led to the expectation that rate cuts will be coming earlier in 2024. Investment-grade corporates outperformed taxable munis as...

2024-01-03 10:08:00 ET Summary The calendar year 2023 proved to be an incredible roller-coaster for U.S. fixed income. Sentiment in the money and bond markets shifted dramatically and yield levels plummeted across the board, while MBS and corporate bond spreads narrowed considerab...

2024-01-02 00:30:00 ET Summary The tide has turned for bonds. Here’s what we think is in store for 2024. Key central bank rates and bond yields remain high globally and are likely to remain elevated well into 2024 before retreating. Despite Treasuries’ recent ral...