Corporate Bonds Respond to Outsized Supply
March 4, 2024 — The corporate sector is taking advantage of a lower rate and spread environment to issue debt; however, unlike in January, when corporate bonds strengthened into record supply, spreads widened in February and are now at 97 basis points above Treasuries. While corporate bond fundamentals remain strong and last week’s economic readings haven’t altered our outlook, record bond supply is starting to affect market pricing.
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Fixed Income
Strong Data Muddles Fed Policy Picture
February 26, 2024 -- Last week's jobs data adds to the slate of strong economic readings, which have caused a shift in Fed communication this month.
Fixed Income
Fixed Income Return Grids
The following scenarios illustrate what returns could look like for various bond indices over the next 12 months given interest rate and credit spread moves.
Fixed Income
Fixed Income Perspectives — February 2024
February 12, 2024 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.