Both stocks and bonds have shown resilience to start the year, posting solid gains despite a recent crisis in confidence in the banking sector, which has resulted in a significant amount of uncertainty surrounding the outlook for the economy, inflation, and the path the Federal Reserve may take.  This article will take you through the...Read More

With the first quarter over, many bond investors have been left scratching their heads and wondering – what just happened?  For a class of investors who are not accustomed to losing money, they were quickly reminded how bond math works – as interest rates rise, the value of bonds fall.  To some investors, a glance...Read More

Traditionally, investors have been able to count on bonds as a primary source of income.  However, with interest rates beginning 2021 near historic lows and spreads near the tighter end of their range, the set-up for fixed income coming into this year was not particularly attractive.  From a macro perspective, we were forecasting an improving...Read More