News
July CPI cooled enough to support fixed income, with headline inflation up 0.1% and core up 0.2%. The front end rallied modestly, but the 30-year yield stayed elevated, keeping long-duration Treasuries tactical rather than a full overweight.
- News
Fixed income ETF flows show investors shifting from a simple cash trade to a more nuanced barbell: cash and short duration remain core, while munis, AAA CLOs, tactical high yield and TLT dip-buying show selective risk appetite.
- News
July payrolls unexpectedly fell as prior months were revised sharply lower, strengthening the case for high-quality intermediate bonds. Treasury yields dropped as investors reduced Fed hike expectations, while deteriorating hiring trends increased the importance of quality and duration for fixed-income portfolios.
- Alt Credit, High Yield, International Debt, Investment Grade, News
Street Views sees a stronger case for intermediate, high-quality bonds as the Fed pauses and labor demand cools. Strategists still favor securitized credit and selective carry, while long Treasuries, long-duration corporates and weaker private credit remain tactical or underweight exposures.
BDC bonds provide indirect exposure to middle-market lending, while statutory asset-coverage rules limit leverage and offer some protection against speculative balance-sheet risk. Business development company bonds sit between public fixed income and private credit. They are issued in the public bond market, but the issuer’s assets are primarily privately negotiated
- Inflation, News
Fragile US-Iran diplomacy is keeping fixed-income markets focused on the Strait of Hormuz, oil prices and inflation. Any credible reopening agreement could lower yields, while renewed attacks or failed talks would favor TIPS and sustain volatility across Treasuries and credit.
- News
The Federal Reserve enters today’s meeting balancing cooler June inflation and softer hiring against persistent price pressures, tariff and energy risks, resilient growth and unsettled expectations. Holding rates may be likely, but guidance and dissents could quickly reshape September expectations.
- News
New York City’s ambitious affordability agenda is not yet driving measurable capital flight, but its concentration of tax revenue among high-income residents leaves municipal investors watching migration, reserves, property values and recurring budget balance closely as borrowing costs remain elevated.
- News
Crude prices approaching $100 are reviving inflation and rate-hike concerns, overpowering the traditional safe-haven bid for government bonds. A renewed surge in oil prices sent global bond yields sharply higher Thursday morning as investors focused on the inflationary consequences of the escalating U.S.–Iran conflict rather than seeking safety in government
- News
Escalating attacks across the Persian Gulf pushed oil higher and revived stagflation concerns. Treasuries weakened as inflation risk outweighed safe-haven demand, while TIPS outperformed nominal bonds only modestly because real yields also rose, limiting absolute gains across inflation-linked securities overall.
