Beyond Bulls & Bears

Searching for Natural Hedges Against Interest-Rate Risk

Searching for Natural Hedges Against Interest-Rate Risk

We have found that historically over time, interest-rate moves don’t often play as large of a role in a broadly diversified fixed income portfolio as one might think.

Headwinds—or Tailwinds—for Fixed Income Investors

Headwinds—or Tailwinds—for Fixed Income Investors

As long-term, fundamental investors, we think the equilibrium rate—the prevailing interest rate when supply equals demand—for intermediate US Treasuries should be higher and likely will move higher—eventually.

Corporate Credit Charting its Own Course

Corporate Credit Charting its Own Course

“Great Rotation?” How About “Selective Rotation?”

“Great Rotation?” How About “Selective Rotation?”

Silver Lining: Fed’s “Tapering” Signals Stronger Economy

Silver Lining: Fed’s “Tapering” Signals Stronger Economy