Kevin Horan

Director, Fixed Income Indices
S&P Dow Jones Indices
Biography

Kevin Horan is Director, Fixed Income Indices at S&P Dow Jones Indices (S&P DJI), and is responsible for executing tactical and strategic actions focused on building the commercial success of fixed income indices. In coordination with the client coverage team, Kevin interfaces with clients and prospective clients in order to identify and communicate client-driven needs.

Kevin has almost 30 years of fixed income product knowledge in an indexing, marketing, sales, and trading capacity. Prior to joining S&P DJI, Kevin spent eighteen years at Merrill Lynch, most recently as director of Bank of America Merrill Lynch’s global bond indices. Kevin also worked for Salomon Brothers in its New York General Sales Division.

Kevin holds a master’s degree in finance from Fordham University, a Bachelor of Science degree from The Pennsylvania State University, and a Product Management Certificate from the UC Berkeley Center for Executive Education.

Author Archives: Kevin Horan

The Hunt For Red October

In the iconic film The Hunt for Red October, released in 1990, the cold war standoff between the U.S. and the Soviet Union is taken new to heights. Based on a novel of the same title written by the recently deceased author Tom Clancy, a CIA analyst finds himself in over his head in the Read more […]

Fixed Income Laddering

The Federal Reserve’s decision to continue its monthly stimulus purchases on Sept. 18, 2013, had a euphoric effect on the markets, as the S&P 500 immediately rose from 1702 to 1715, eventually closing the day at 1726. Treasuries reacted to the news in the same way, as yields on the 10-year Treasury went from 2.86% Read more […]

Holding Bonds As Rates Rise

This week’s FOMC minutes revealed that almost all the members of the committee agreed that it was not yet time to begin tapering the Fed’s asset purchases. Many committee members urged additional caution, and advocated waiting until more concrete evidence about the economy’s recovery was available. The report continued to explain that the members generally Read more […]

After The Fireworks

It was back to business in the U.S. after the July 4 holiday, which fell on a Thursday this year and made for a much needed four day weekend. The bond markets had a lot to look forward to this week as the Treasury auctioned a total of $66 billion of issuance in three, 10, Read more […]

Only a Few Hours Left, but June’s Returns Have Not Been Seen Since 2008

U.S. Treasury Bonds: There are just a few hours of trading left to the month of June, but on the whole the month took its toll on fixed income products.  Treasuries, as measured by the S&P/BGCantor U.S. Treasury Bond Index, are down -0.91% for the month.  Year-to-date this index is returning -1.55%.  Yields are up Read more […]

Anticipation, It’s Making Me Wait

And waiting is exactly what the markets did for most of Wednesday, right up until the 2 p.m. press release from the Federal Open Market Committee (FOMC) meeting. Following the press release, markets sold off on confirmation that economic activity has been expanding at a moderate pace. As the release stated, “Labor market conditions have Read more […]

Bank loan tracked by the S&P/LSTA U.S. Leveraged Loan Index is down 0.34% so far in June while high yield bonds are down 1.51%.

U.S. Treasury Bonds: Treasury notes and bond as measured by the S&P/BGCantor US Treasury Bond Index started the year in negative territory, finally getting their head above water on a consistent basis around the beginning of April.  The positive returns did not last long as they slipped into negative territory on May 13th and have Read more […]

S&P Dow Jones Fixed-Income Commentary: Mixed Signals as Rates Rise

Chairman Ben Bernanke has tried to be cautious in scripting a message to the markets, but recent communications out of the Federal Reserve have been mixed.  With seven members of the Board representing 12 districts and past members all speaking to the press, the message can get convoluted at times.  The planning and timing to Read more […]

Mid-Month Issuer Review of the S&P U.S. Issued High Yield Corporate Bond Index

The index is up 0.42% month-to-date.  Here is a performance review of the top & bottom 10 issues within the index. Top 10 Issues May has been a good month for MBIA so far.  The insurer settled a 2008 legal dispute with Bank of America concerning bad mortgage debt.  The $1.7 billion settlement later led Read more […]

Buddy, Can You Spare Some Yield?

It doesn’t take more than a passing glance at a business publication or televised market update to know that one of the top business stories is the current low interest rate regime.  U.S. Treasury bills are being auctioned, and are trading, at or near zero yields.  The yield-to-worst on the S&P/BGCantor 0-3 Month U.S. Treasury Read more […]