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 True North Strong and Free! (But Not Free From Debt)

Lyrics to the Canadian national anthem, “O Canada,” state “The true north strong and free!”  Like in the U.S and many other countries, government and corporate debt has become a big issue in Canada. The Canadian overnight rate stands at 0.5% and will most likely remain unchanged or decrease even more.  Central Bank Governor Stephen Read more […]

Where Are Spreads?

In case you have had  your head down focusing on other things, and not taken a moment to look at what  spreads have been doing, the following chart will provide you with  a snapshot as of February 23, 2016.  Key takeaways include: Looking at commodities, Oil, as measured by WTI futures contracts, has bounced from Read more […]

Will History Repeat Itself in Feb. 2016?

The year 2016 appears to have gotten off to a similar start to the beginning of 2015.  The S&P 500® Bond Index has returned 0.92% as of Feb. 8, 2016, while in 2015 the index was up 1.57% as of Feb. 8, 2015.  Maybe the month of February will end up being more similar than Read more […]

Risk Off, Yields Move Lower

Global yields are lower year-to-date in all developed countries except Hong Kong, as measured by the S&P Global Developed Sovereign Bond Index. Weak economic growth, low inflation, and concern over the situation in the Middle East have led many to invest in safer assets. The U.S. market took note of the slowing growth, both domestically Read more […]

Oil’s Viscosity

Oil’s Viscosity It goes without saying that if your car’s engine (or any other combustible engine) does not have the lubrication effect of oil then the friction of movement will lead to overheating and engine damage. Currently oil is having its own effect on markets as low prices are leading to concerns of lower future Read more […]

U.S. Treasuries: A Higher Chance of Lower Yields

The yield-to-worst of the 10-Year U.S. Treasury has been dancing around 2% and dipped below 2% in intraday trading on Jan. 15, 2016.  The night before, the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index closed at 2.09%.  The average yield of the 10-year for 2015 was 2.13%, while 2016 began at 2.30% for the Read more […]

The Highs and Lows of the High Yield Energy and Materials Sectors

The S&P U.S. Issued High Yield Corporate Bond Index has just over USD1 trillion of par amount outstanding while its total return is down 3.11% for the month and down 4.51% YTD.  The energy and materials sectors have been the sore spot for the high yield market, given the anxiety over credit quality, as current low Read more […]

What’s Your Weight in Energy?

Energy has been the hot topic in regard to investments.  The drop in the price of oil (USD 37 per barrel) and prolonged low values of many commodities (S&P GSCI, -33% YTD) has added concern to an already nervous bond market.  The expectation that the U.S. Federal Reserve would follow through on its assumed intention Read more […]

November Was a Turkey for Bonds

The yield-to-worst of the S&P/BGCantor Current 10 Year U.S. Treasury Index averaged 2.26% for the month of November.  The index started the month at 2.15% and closed the month at 2.22%.  At one point on Nov. 9, 2015, the yield was as high as 2.35%, and the index ended 8 bps wider overall. The anticipation Read more […]

Canada: Bonds Recover as Central Bank Leaves Rates Unchanged

The Bank of Canada left its key interest rate unchanged at 0.5% last Wednesday, Sept. 9, 2015.  The message from the central bank was that it could be “considerable time” before there is significant recovery from the collapse of oil prices that pushed the economy into a technical recession.  The last rate cut was back Read more […]