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Jul 15, 2018
HIGH YIELD STILL IN A SWEET SPOT…FOR NOW
Those who follow me know that I am not too keen on high yield for many reasons. Fundamentally, leverage metrics are increasing, issuance...
Jun 29, 2018
THE UNITED STATES IS BECOMING MORE NORMAL
Forward projections issued by Federal Reserve members after the June meeting sparked broad criticism for its “hawkish” guidance. The...
Apr 22, 2018
RELATIVE VALUE SAYS 3% WON’T HOLD
A number of fund managers have indicated that a 3% yield on the ten-year yield is where they would increase treasury positions. Even if...
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