The Great Unwind: A New Era?
|August 5, 2022
Oscar Wilde once wrote, “When the gods wants to punish you, they answer your prayers.” Risk assets like high-yield bonds have enjoyed a Fed back-stop. Issuers pounced on record low coupons, and investors suffered through low returns…
▶︎ Read July 25 2022 newsletter: here
▶︎ Chart of the Week: here (by Nuveen, The Conference Board, Bloomberg)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.