July 19, 2021

Yield Curve Moves Provide Another Tailwind for Fallen Angels

by Nicolas Fonseca, CFA, Associate PM

The longer duration of fallen angel bonds and differentiated issuer exposures relative to broad high yield contributed to their outperformance to the broad high yield market in Q2.

July 12, 2021

Position For Rising Rates with BDCs as Credit Concerns Abate

by Coulter Regal, CFA, Associate Product Manager

In the current low, and potentially soon to be rising, interest rate environment, Business Development Companies (BDCs) are an alternative source of income for investors to consider.

June 17, 2021

Finding Alpha Opportunities in Corporate Bonds

by William Sokol, Senior ETF Product Manager

One of the key outputs of the Moody's Analytics credit model, the fair value spread, is used to identify relative value opportunities in the marketplace as they arise.

May 18, 2021

Finding an Investment Grade Edge

by William Sokol, Senior ETF Product Manager

Being selective is crucial in this environment. A smarter approach to corporate bonds can provide investors yield pickup and upside potential without assuming too much risk.

May 10, 2021

Rising Tide Lifts Municipal Bonds

by Jim Colby, Portfolio Manager and Strategist, Municipal Bonds

As municipal bonds continue to recover we explore three key trends that we believe are supportive to the asset class.

April 22, 2021

Green Bonds: Five Years After Paris

by William Sokol, Senior ETF Product Manager

Five years after the Paris Agreement was signed, we take a look at how green bonds are providing fixed income investors with a way to invest in the transition to a net-zero carbon economy.

April 19, 2021

Rising Rates and Fallen Angel Bonds

by Nicolas Fonseca, CFA, Associate PM

While rising rates are generally negative for rate sensitive asset classes like fallen angel high yield bonds, we believe the reason behind the latest rate moves may provide support for fallen angels.

March 15, 2021

What to Consider When Investing in BDCs

by Brandon Rakszawski, Senior ETF Product Manager

Rising 10-year U.S. Treasury yields may drive interest in business development companies (BDCs), because of the exposure BDCs provide and their portfolio’s floating rate nature.

February 17, 2021

The Consistency of Fallen Angel High Yield Bond Returns

by William Sokol, Senior ETF Product Manager

We examine the key drivers of fallen angel high yield bonds through various economic cycles and changing market environments, as well as what’s in store for 2021.

February 11, 2021

Consider HY Emerging Markets Bonds Amid Reflation

by William Sokol, Senior ETF Product Manager

Higher rates and inflation are a major challenge for fixed income asset classes, but we believe emerging markets high yield corporate bonds may better withstand these pressures.