What's Going On With Treasury Rates?

We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.

Seeking Alpha • Apr 18, 2025

The Credit Opportunity In M&A

M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.

Seeking Alpha • Mar 4, 2024

PFIG Deserves a Core Position in Long-Term Portfolios

Many investors and advisors believe investment-grade U.S. corporate bonds should hold a core position in long-term, buy-and-hold portfolios.  This asset class has the potential to offer a significant yield upgrade from Treasuries without exposing investors to the risk that often accompanies high yield bonds.

ETF Trends • Sep 27, 2022

Corporate Bond ETF (PFIG) Hits New 52-Week High

The Invesco Fundamental Investment Grade Corporate Bond ETF has hit a fresh 52-week high. Are more gains in store?

Zacks Investment Research • Jul 16, 2020