Municipal 3Q21 Market Review & Outlook
October 12, 2021 — With municipal valuations at or through fair value, Sage remains focused on maximum tax-free income, solid credit fundamentals, and favorable risk-adjusted returns. Current market conditions warrant patience and prudence when deploying funds as valuations are not broadly reflective of long-term fiscal challenges, despite the recent fiscal support. With the strong and persistent technical environment, Sage will maintain a slightly long-to-neutral duration tilt and will rebalance exposure if market conditions change.
Taxable Fixed Income 3Q21 Market Review & Outlook
October 11, 2021 -- Core bond markets will likely remain under pressure into year-end, with yields grinding higher as markets prepare for tapering and . . .
Municipal Fixed Income
Three Key Factors to Successful Municipal Portfolio Management
October 4, 2021 -- In this piece, Sage discusses three key components of our fixed income investment philosophy: income, price, and volatility.
Is High Yield Immune to Interest Rate Increases? Not So Fast My Friend…
During periods of rate increases, the duration of high yield bonds is a moving target - often catching high yield investors off guard.