by John Luke Tyner | May 14, 2021 | Blog
The Q1 Scorecard Source: Bloomberg (As of 3/31/21) TLT = iShares 20+ Year Treasury Bond ETF ($12bn AUM); AGG = iShares Core U.S. Aggregate Bond ETF ($87bn AUM); LQD = iShares iBoxx $ Investment Grade Corporate Bond ETF ($41bn AUM). All AUMs are as of 5/12/21. While...
by John Luke Tyner | May 3, 2021 | Blog
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Milton Friedman Friedman’s quote above is historically accurate although since the 1990s and...
by John Luke Tyner | Mar 8, 2021 | Blog, Fixed Income
One question we’ve gotten a lot recently is how can investors position portfolios if we see some inflationary pressure… are Treasury Inflation-Protected Securities (TIPS) a good idea? What are TIPS? Straight from the Treasury… “The principal of a TIPS increases with...
by John Luke Tyner | Feb 24, 2021 | Blog, Fixed Income
As advisors often see, high-income investors love municipal bonds. And for the most part we’ve shared that love. Tax-favored income and low correlation to equities, what’s not to love? But it seems investors are piling in with little regard for price, even with...
by John Luke Tyner | Feb 18, 2021 | Blog, Fixed Income
Convertible Bonds experienced an incredible 2020 and start to 2021. The Bloomberg Convertible Index outperformed both the S&P 500 and Nasdaq indices in 2020. We can’t mention CB’s without highlighting Tesla which attributed approximately half of the 2020...
