BB- and B-rated bonds have performed well lately, but CCC-rated bonds are a different story -- this divergence hasn't happened in nearly two decades and it gives clues about what to expect for 2020.
Here are my views on topics including interest rate risks, events in Europe that could push European yields higher and the ongoing trade talks between Washington and Beijing.
Quite a few loud bears are predicting downside but that seems to work as a contrary indicator.
Reports of two potentially major buyouts show the risks of late-cycle corporate bond investing.
Investors are borrowing money more and more from the future to buy into risky assets today.
It makes a lot of sense for the Fed to wean the market off its reliance on explicit forward guidance, but it won't be easy.
Why I'm very bearish on the long end of the yield curve and how to play it.
The Trump and Xi administrations are at least looking at the same page. That's more than nothing.
There are a number of important questions stemming from this series of events.
The Fed is doing this right. Let me repeat... the Fed is not screwing this up.