High Yield : Juice Worth the Squeeze?

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...
High Yield : Juice Worth the Squeeze?

Can the Fed Keep Mortgages Propped??

Avoiding Agency Mortgage Allocations in our Models We’ve been saying since the middle of last year that the percentage of total returns in fixed income coming from price return wouldn’t likely be the same into the future. Interest rates have nosedived lower following...
High Yield : Juice Worth the Squeeze?

What Bonds Do You Own?

The mathematics of compounding: big losses are essentially ALL that matter to your rate of compounding, not the small losses—and not even the big or small gains. The big losses literally destroy your geometric returns and, equivalently, your wealth, through what I...
High Yield : Juice Worth the Squeeze?

The Fed Bazooka

Originally posted at The Backcourt Report…                                                                               Source: Businessinsider.com The Fed has taken drastic measures attempting to fight against the economic implications from the COVID-19...