Anthony Valeri

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Bond Market Messages

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The next Fed interest rate hike may not be as big of a threat to bond prices that many investors fear.

ECB Corporate Purchase Program

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The program has already resulted in reduced yields on corporate bonds, and could keep a lid on U.S. rates.

Earnings Recession

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Two quarters of negative year-over-year earnings growth is generally interpreted as an earnings recession.

Time To Buy Mortgages?

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Mortgage-backed securities may offer a way of boosting bond returns when yields are range bound.

The Global Savings Glut

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The global savings glut hypothesis states that the world is dealing with an excess of savings.

High-Yield: Still All About Oil

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High-yield bond prices are trading in tight correlation with the price of oil.

The Negative Rates Experiment

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The persistence of negative rates globally may keep demand for U.S. bonds elevated.

Mixed Messages From Municipals

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Near record low yields, fair valuations and changing seasonal factors send mixed messages to municipal investors.

State Of The States

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Growth in state and local government tax revenue may be poised to slow.

A Tale Of Two Halves

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The first quarter of 2016 is in the record books and for most, including bond investors, it was a tale of two halves.

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