The eurozone's post-COVID recovery is set to be slower and more painful than China's.
Turbulence for municipals may present opportunities, and we believe that credit research is of increasing importance.
The trends of rising global bond yields and interest rate volatility are likely to continue in fixed income markets.
Fed policymakers will not tighten monetary policy until inflation remains above 2% and job gains are robust.
Lower CLO issuance and slowing loan downgrades, along with some attractive yields, have produced value in certain CLOs.
The high yield bond sector represents attractive value because of its improving credit quality and inexpensive valuations.
T. Rowe Price's working group provides an update to the plans to replace LIBOR with new alternative reference rates.
U.S.-based bond investors who hedge the currencies of foreign bonds can obtain higher yields and mitigate portfolio volatility.
The low duration management team uses a multi-sector approach as we try to capture a suitable amount of risk-adjusted yield.
What does the new fixed income environment look like as the global economy slowly starts to rebuild?
We expect economic data to improve going into the summer, so we anticipate continued Treasury yield curve steepening.
While we expect muni downgrades, the market is likely to remain high quality, with low defaults relative to other bond types.