As Tailwinds Fade, Excess Return Lies in Security Selection
January 17, 2024 — Right now, the spread on corporate bonds stands at 97 basis points, which places it in the 36% percentile of spreads going back 1990 – not the tightest spread on record, but well below the long-term median level. It begs the question, is there any “juice” left in the current level of spreads for a corporate bond investor?
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Tactical ETF
Tactical Investment Strategy — January 2024
January 17, 2024 -- Tactical Investment Strategy provides an overview of key economic and policy themes and how Sage is tactically positioned . . .
Fixed Income
Fed Focus Shifts to Growth Picture — Fixed Income Outlook in 5 Charts
January 12, 2024 -- Declining inflation through the second half of 2023 has given the Fed the green light to pivot to the other side of their dual mandate: economic growth.
Fixed Income
The Market Environment for Short-Term Investors
January 11, 2024 -- A significant amount of assets -- $6 trillion -- are currently parked in money market funds. With the Fed expected to cut rates in 2024 . . .