Monthly Archives: October 2015

Can Bonds Tell Us Something About the Stock Market?

I was visiting with the head of fixed income at a large asset manager when I mentioned the subject of my last post, the deterioration of corporate credit in some sectors.  He noted that Baa bond spreads had been rising for … Continue reading

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Corporate Bonds: The Risk May Not Be What You Think

Rates have been low for the last several years.  Investors have been chasing yield; income über alles!  This search for yield plus relatively unlevered corporate balance sheets going into the global financial crisis proved to be the perfect conditions to spawn a … Continue reading

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