Viewpoints about Fixed Income
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2021 market outlook: a brighter future, but clouds remain
There is reason both for optimism and concern heading into 2021. Vaccinations should help propel the economy, but there may be delays in getting them to the public. With yields low and momentum stocks soaring, a balanced portfolio may prepare investors for a wide variety of possible outcomes.
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Floating-rate funds: why now?
With interest rates near zero or negative throughout much of the world, why should investors looking for yield turn to floating-rate notes? It turns out they provide meaningful yield and senior credit standing while planting the seeds for protection against eventual inflation and rising rates.
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After the election: key early economic takeaways and positioning
With the winner of the 2020 presidential race still to be determined, we assess the market's initial reaction and the election's likely implications for different equity sectors and bonds.
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Inflation, inflation targeting, and your portfolio
Why does inflation matter for your portfolio? We review inflation basics, outline how Fed policy is designed to manage inflation, and address inflation's effects on the economy and markets.
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After the turnaround, where to? How to look at bonds now
While much of the bond market value resulting from the pandemic-related sell-off has been captured, portfolios can still pursue yield and value with solid bottom-up analysis.
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Revenue streams drying up? Municipal bonds in the pandemic
The pandemic isn't treating all municipal bonds equally. This piece examines a number of municipal obligations and their varying levels of support.
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What happens in a recession?
Recessions are neither common nor rare. Some predictions of them prove inaccurate. Other times recessions can result in significant damage to the economy and markets.
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The best of both worlds: convertible bonds and the stable growth objective
Convertible bonds offer an attractive hybrid combination of growth, income, and relative safety in a time when cautious investors are looking for all three.
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ESG and bond investors: implications of COVID-19
Amid an uncertain economic recovery, the pandemic presents us with an opportunity to evaluate the long-term resiliency of corporate bond issuers and how well management priorities are aligned with strong ESG risk management practices.
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The dimensions of U.S. stimulus
Trillions of dollars' worth of direct government aid and market interventions have been aimed at mitigating pandemic-related economic disruption. We provide a rundown of the major stimulus provisions, along with commentary from our network.
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