We are in the midst of a global low yield environment.  Yields on the 10-year bonds (yes, 10 years) for Switzerland, Japan, and now Germany are negative, and yields are under 0.50% for much of Europe.1 With the Fed meeting …

Accurately calling interest rate moves has proved to be a difficult, and futile, task for investors over the past few years as we have seen wild moves and really no sustained direction.  The only aspect of rates that can be …

It is no secret that liquidity in the secondary high yield corporate bond market has changed since the financial crisis, especially with the implementation of certain banking regulations that limit market making activities by the large banks.  In response to …