Each month, Ryan Labs portfolio management team shares their thoughts and comments on the investment grade fixed income marketplace. For a snapshot of the issues that have arisen in the capital markets and their impact on the credit markets, Bond Market Watch provides invaluable insights for plan sponsors and trustees.
Bond Market Watch Novermber 30, 2011:As we start 2012, investors across many sectors have been more than happy to bid farewell to 2011, notwithstanding a "risk-on" 4th quarter. Despite a flat year for the S&P500, correlation across many asset classes - high yield, stocks, investment grade credit - moved sharply higher, making it difficult to own anything with risk that didn't move sharply together one way or the other on any macro or Eurozone news.more >
Bond Market Watch Novermber 30, 2011:As the end of the year creeps up on us, we still have the lingering sovereign debt crisis in the Euro zone unresolved, and uncertainty on the sustainability of emerging markets growth. With third quarter earnings in the books and largely surprising to the upside, much of the attention is being paid to events overseas. With leverage essentially transferred from consumers, banks and corporations to sovereign balance sheets, the strain is rearing its ugly head in Europe.more >
Bond Market Watch October 31, 2011:It is difficult to start any investment commentary, globally or locally, without discussing Europe. While the market has tired of "Breaking News" headlines on CNBC and Bloomberg regarding the respective ineptitude of former Italian and Greek leaders Berlusconi and Papandreou, their inability to effectively manage deficit reduction has left Europe and the world impatiently waiting for an answer.more >
