By Justin Kaplan | May 21, 2015
“The cloud” has become a ubiquitous term. Whether talking about streaming the latest episode of the Kardashians or doing our taxes, it’s all happening online in “the cloud.”
By David O'Malley | May 18, 2015
Last week’s lackluster retail sales report and falling import prices have kept uncertainty regarding the strength of the expected recovery in the second quarter.
By Greg Zappin | May 14, 2015
This week’s chart above indicates how aggressively bank and finance companies have been at issuing preferred stock over the last few years. From a trading and total-return perspective, preferred stocks act similar to high yield bonds and often come with high yield ratings.
By David O'Malley | May 11, 2015
In last week’s post, my expectation was that global bond yields would continue to increase and the 10-year Treasury would test resistance at 2.24%. Bond yields did increase significantly early in the week, at one point reaching 2.27% before pulling back …
By Greg Zappin | May 7, 2015
2015 has started off with robust new fixed income issuance in virtually all asset classes. The one major outlier this year, however, has been syndicated leveraged loan new issuance, which is down 57% quarter over quarter. This bodes well for the performance of CLOs.
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...