Negative Yields? A Tsunami of Liquidity is Pressuring the Cash Investor
The wave of cash flooding into bank deposits and money market funds is threatening to test the line in the sand between zero and negative yields. What are the alternatives . . .
Tactical Investment Strategy, June 2021
June 9, 2021 -- We continue to see further upside for risk assets in the second half of 2021. Our base case includes strong growth driven by a continued reopening . . .
High Yield Bond Fundamentals Improving Despite Record Issuance
High yield corporate bond issuance is up 93% in 2021 – from $106 billion in 2020 to $206 billion year-to-date. Corporate bond investors typically view such large increases . . .