Anthony Valeri

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Old Acquaintances

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  The re-emergence of European risks and domestic fiscal policy uncertainty helped Treasuries post their strongest weekly performance since last November...

No Love For Bonds

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High-quality bonds remain unloved in financial markets in 2013.

Return Of The LBO

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Increasing merger and acquisition (M&A) activity, the threat of leveraged buy-outs (LBOs), and the risk they pose of removing cash safety nets while imposing more debt on corporate balance sheets has...

The Fed's Bond Diet

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We continue to favor corporate bond sectors in fixed income portfolios and their greater yields as defense against rising interest rates.

High-Yield In Name Only

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High-yield bonds may be "high-yield" in name only now. Robust demand for corporate bonds pushed the average yield on high-yield bonds further into record-low territory, closing at 5.75% last week.

Sour Start To New Year

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We do not believe the recent bond market sell-off is the start of a sustained move higher in interest rates...

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