Debt Ceiling Deadline Looms – Expect Volatility in Risk Markets
April 28, 2023 — Despite a 100% historical hit rate on raising the debt ceiling, investors are nonetheless concerned, which is creating some dislocations in the T-bill market. An eleventh-hour compromise is our base case scenario, which should weigh on risk assets and drive up market volatility going into summer.
The Market Environment for Short Term Investors
April 25, 2023 -- The following study shows how modest duration extension post-hiking cycles extends the period . . .
Fixed Income Perspectives — April 2023
April 13, 2023 -- In this presentation, Sage answers the 4 big questions (outlook for macroeconomic growth, Fed policy, valuations . . .
Value, Regulation & Liquidity – How Sage Views the Banking Sector
March 24, 2023 -- Our view on the banking sector has been based on three factors: value, regulation, and liquidity. In this piece, Sage addresses . . .