By David O'Malley | January 26, 2015
The European Central Bank (ECB) did not disappoint the markets with its quantitative easing (QE) program. The new program has a headline value of 1.14 trillion euros and involves monthly buying of 60 billion euros worth of bonds through September, 2016.
By Greg Zappin | January 22, 2015
This week’s chart depicts the bifurcation in spreads and performance between energy- and non-energy-related bonds in the JPM HY Index.
By Mark Heppenstall | January 15, 2015
The Fed Model shows a widening spread between the earnings yield of the S&P 500 and that of high-yield bonds. Is this a warning sign?
By David O'Malley | January 12, 2015
Last week, the markets experienced significant volatility. Friday’s solid employment number makes 2014 the best year for employment gains since 1999.
By David O'Malley | January 7, 2015
Economies around the world have experienced mixed performance. The U.S. economy has been relatively strong during the year and continues to trend positively.
By David O'Malley | January 5, 2015
I am very excited about 2015 for many reasons, but one of my top professional reasons is for what could become of Penn Mutual Asset Management in the years ahead.
Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice. The information and opinions contained in this material are derived from sources deemed to be reliable but should not be assumed to be accurate or complete. Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements. Actual results may differ significantly. Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.
Investing involves risk, including possible loss of principal. Past performance is no guarantee of future results. All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. There is no representation or warranty as to the accuracy of the information and Penn Mutual Asset Management shall have no liability for decisions based upon such information.
High-Yield bonds are subject to greater fluctuations in value and risk of loss of income and principal. Investing in higher yielding, lower rated corporate bonds have a greater risk of price fluctuations and loss of principal and income than U.S. Treasury bonds and bills. Government securities offer a higher degree of safety and are guaranteed as to the timely payment of principal and interest if held to maturity.
All trademarks are the property of their respective owners. This material may not be reproduced in whole or in part in any form, or referred to in any other publication, without express written permission.
Copyright © 2015 Penn Mutual. All Rights Reserved. All trademarks are the property of their respective owners.Read Less...