by Aptus PM Team | Feb 10, 2022 | Blog, Bonds
From a risk-premia perspective, equities and high yield both provide exposure to corporate earnings, albeit in a different manner. While equity is a purer exposure to corporate profits, high yield provides exposure to default risk. Source: Cornerstone Macro. As of...
by Aptus PM Team | Feb 2, 2022 | Blog, Bonds
* Current Rates & the Curve: The front end of the curve continues to feel pressure as economists are now projecting five to seven rate hikes in 2022, and the forwards market forecasts just under five rate hikes by year-end. However, longer-dated interest rates...
by Aptus PM Team | Dec 15, 2021 | Blog, Bonds
Investing Framework, How Are Returns Generated? The Aptus investing methodology revolves around a Yield + Growth +/- Multiple (Expansion/ Contraction) framework. The latter, multiple expansion or contraction, tends to not be fully additive or detractive over...
