As a high yield manager, we have recently heard a number of people saying (we believe incorrectly) that our market is set up for doom if rates rise.  Rather, history would indicate quite the contrary.  Looking back to 1980, we …

Markets remain laser focused on the Fed and rates, but should investors be so concerned?  Is a big increase coming?  In her press conference last week, Yellen didn’t seem to impart great confidence in the strength of the economy, consumer …

As investors assess their interest rate sensitivity for fixed income holdings, they often turn to the duration calculation, a measure of the sensitivity of the price of a fixed-income security to a change in interest rates. Per this hypothetical calculation, …

With the move we have seen in interest rates (Treasury rates) over the past month and the concerns that this move up will continue, let’s look at the high yield market and how it has traditionally responded to rate moves. …

Accurately calling interest rate moves has proved to be a difficult task for investors over the past few years. As we entered 2014, virtually everyone (except ourselves) expected rates to rise as the long awaited “taper” began. Yet, the opposite …

With a number of data points over the past month, including Friday’s better than expected jobs report, pushing the expectations for a September rate hike higher, concerns about the impact of interest rates on various asset classes is heating up.  …

We are often asked where we are able to find yield in the high yield market, as we consistently target generating a yield that is higher than what can be provided by some broader high yield bond market indexes and …

In our last commentary (“Energy Markets: There Will be Winners and Losers”), we gave our current thoughts on long-term US oil production and the vulnerable sub-sectors within the energy industry. So far this year, US production has been resilient even …