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

Big Picture: Bonds Have Held Up Well

August is shaping up to be a negative month for the S&P 500 Bond Index (-0.52% month-to-date and -0.61% YTD), as of Aug. 28, 2015.  Though, for all the drama of this month, attributable to the drop in oil prices (-24% YTD), weakness in the Chinese economy, and a major sell-off in equities, bond returns Read more […]

Investment-Grade Corporate Bonds, Smooth Sailing

There is an old weather-predicting proverb that goes “red skies at night sailors delight; red skies in the morning sailors take warning.”  Well, there has been a lot of red over the last two mornings, and it has not been in the hot August skies but more so in the global financial markets.  Oil prices, Read more […]

Energy Continues its Performance Drag on Bonds in August

Crude oil, as measured by the S&P GSCI All Crude was down 20% in July 2015 and has continued its sell-off in August 2015 by dropping another 6.86%.  As of Aug. 10, 2015, the index has returned -25.4% YTD.  Energy-related bonds in the investment-grade or high-yield indices have added a negative hit to the indices’ Read more […]

U.S. Bond Prices Have Moved Up as Chinese Stock Prices Have Plunged

This week (starting July 27, 2015), the bond market has been off to a strong start, with the yield of the U.S. 10-year Treasury bond at 2.22%.  U.S. bond prices have moved up as Chinese stock prices have plunged.  Last week saw Treasury yields move lower, as dropping commodity prices followed the weaker CPI numbers Read more […]

Weaker June CPI Moves Bond Prices Higher

The yield-to-worst of the S&P/BGCantor Current 10 Year U.S. Treasury Index closed out the week of July 17, 2015, at 2.35%, which was 6 bps lower than the previous Friday’s 2.40% close. The 2.40% close on Friday, July 10, 2015, came in after a quick two-day increase, as the yield-to-worst jumped 10 bps on Thursday, Read more […]

The U.S. Celebrates its Independence While Greece Displays its Dependence on Debt

Closing out a short week before the U.S. fourth of July holiday, the yield-to-worst of the S&P/BGCantor Current 10 Year U.S. Treasury Index closed at 2.38% on Thursday, July 2, 2015.  The yield-to-worst was 9 bps lower than the 2.47% close of the previous Friday (June 26, 2015), as concerns over the Greek bailout vote Read more […]

Greece Is not out of the Picture for U.S. Investors

The yield-to-worst (YTW) on the U.S. 10-year Treasury bond, as measured by the S&P/BGCantor Current 10 Year U.S. Treasury Index, increased by 21 bps and ended 34 bps higher.  At 2.47%, it appeared the optimism over a Greek settlement was justified.  The index has returned -2.90% MTD and -1.94% YTD as of June 26, 2015.  Read more […]

Last Week’s Safety Trade Is Off, as Greece Charts a New Direction for Bonds

The yield-to-worst of the S&P/BGCantor Current 10 Year U.S. Treasury Index ended the week on Friday, June 19, 2015, 12 bps lower, at 2.26%.  Concerns over Greek debt financing with the European Union led investors to the safety of U.S. Treasuries.  Up to that Friday, the index had returned -1.11% MTD, recovering a bit after Read more […]

Risk On, Risk Adjusted: Retail and Institutional Money View Markets Differently

The yield-to-worst of the S&P U.S. Investment Grade Corporate Bond Index was relatively flat for the week, closing Friday, June 12, 2015, at a 3.15%.  For the previous week, Lipper data reported positive flows into investment-grade corporate bonds (June 3, 2015), which appeared to be buying on the dip, as the index moved from a Read more […]

Bond Yields Move Higher Ahead of Any Fed Rate Decision

The yields of U.S. Treasuries rose 27 basis points last week, as the yield of the S&P/BGCantor Current 10 Year U.S. Treasury Index jumped from 2.13% to 2.40% to close the week (as of June 5, 2015).  The return of the index is down 2.43% for the month and has returned -0.86% YTD. Following the Read more […]