The entire U.S. fixed income market (municipals, Treasuries, mortgages, corporates, federal agency bonds, money market, and asset back securities) totals over $40 trillion.1  Breakdown of U.S. Fixed Income Asset Class (as of December 31, 2016) Corporate credit (high grade corporate …

Coming off of a spike in total high yield bond default rates in 2016 due to a large number of energy, metals and mining, and other commodity related defaults, the expectation was for defaults to significantly ease heading into 2017.1 …

In the seven months since the election we have seen the 10-year Treasury yield move up to 2.6% in December, hit that level again in March, and we have since seen a steady decline to where we are today with …

Much of the story in the high yield market over the last almost three years now has been energy related.  In the summer of 2014, we were seeing oil prices (WTI) surpass the $100 level.  In the fall of 2014, …