Is Corporate Leverage Offering a Warning Sign?
December 6, 2018 — As several market observers have written, corporate leverage continues to increase. Specifically, leverage, or the ratio of a company’s debt to cash flow, has increased noticeably among non-financial corporate bond issuers since 2010.
Crossing the Rubicon – Yield Curve Inversion
In 49 BCE a provincial governor named Julius Caesar and a single legion of troops crossed a small stream in northern Italy – the Rubicon River – sparking a civil war that . . .
5 Reasons to Favor Core Fixed Income in 2019
Even after factoring in some spread widening during the year, Sage believes 3% to 4% return is easily achievable for core fixed income.
Sage Is in the “No More Rate Hikes” Camp
While investors have focused on the recent stock market recovery, one important development has largely been overlooked: the end of the Fed’s rate-hike cycle.