Assessing High Yield Bonds in the Current Environment

High yield allocations late in the cycle may seem like a bad idea, but investors’ need for yield in the face of falling rates for government bonds is strong. The credit market is still appealing. The higher coupon-clipping aspect of spread has led to superior returns over time. High yield fundamentals broadly speaking remain stable, […]

What Fixed Income Managers Are Thinking Now

The past year has provided no shortage of major changes in the market for fixed income managers to assess. As one example, a year ago many expected multiple rate hikes by the Federal Reserve. Now, almost all forecast additional rate cuts before the end of the year. To better understand the current market climate, we conduct regular […]

The Outlook From Fixed Income Managers

View the Outlook Callan conducts a quarterly survey of select fixed income managers to gauge their sentiments about the current market environment and solicit their near-term outlook (6-9 months) on key issues such as Federal Reserve rate hikes, inflation, and other factors that affect bond portfolios. In our most recent survey, for the first quarter […]