Bank loans proved to be very resilient during this summer’s Treasury volatility and remain a leading fixed income sector for the year, returning 3.53% through September (S&P/LSTA Leveraged Loan Index).
From our multi-sector vantage point, we continue to see very large corporate bond offerings come to market that not only fill, but are oversubscribed.
Yields on the 10-year U.S. Treasury spiked 54 basis points during the month of May. Today (June 3), the 10-year sits at approximately 2.18%.
Dan Senecal, CFA, Managing Director, Credit Research
The emerging markets (“EM”) debt asset class is an approximately $2.5 trillion market – twice the size that it was in 2008, and twice the size of the U.S. high yield market today.
Dave Albrycht is Chief Investment Officer, Newfleet Asset Management, Multi-Sector Fixed Income Strategies
Past performance is not a guarantee of future results.
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