Inflation Protection…Are TIPS the Answer?

Inflation Protection…Are TIPS the Answer?

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...
Inflation Protection…Are TIPS the Answer?

Muni to Treasury Ratio at Historic Levels

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...
Inflation Protection…Are TIPS the Answer?

Convertible Bonds: Feed the Ducks

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...
Inflation Protection…Are TIPS the Answer?

High Yield : Juice Worth the Squeeze?

Investors that took advantage of the blowout in credit spreads back in March have seen incredible gains from the bottom. The credit markets experienced a liquidity freeze like never before, prior to the Fed’s announcement of off-balance sheet facilities. Established...