Tag Archives: bond yields
Tracking Munis in Uncertain Markets
As uncertainties around tariffs, inflation and interest rates continue to make headlines, how are yield seekers viewing munis? S&P DJI’s Jennifer Schnabl and Vanguard’s David Sharp discuss key performance drivers of munis in challenging markets.
- Categories Fixed Income
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Rates, Risk and Relative Value
It is clear that the rapid rise of the 10-year U.S. Treasury yield could have significant implications for active bond manager performance, as well as bond market volatility dynamics. But how might this affect the equity market? Another important role of U.S. Treasury yields is to act as a risk-free rate to compare to the…
- Categories Equities, Fixed Income
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Duration Distress
We’ve written previously about the traditional sources of excess return for fixed income active managers, one of which is taking on higher term or interest rate risk. 2024 witnessed a sharp reversal in the excess returns from term risk, as long duration tilts that would have rewarded managers in 2023 hurt them in 2024. A…
- Categories Fixed Income
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