We continue to expect that high-yield bonds will provide better returns than investment-grade as underlying rates tick up and moderate economic growth holds down defaults.
Undervalued Capital One benefits from improving U.S. consumer and overall economy.
As retailers have fallen under pressure to start the year, we look at retail ETFs for investors who see a buying opportunity.
As the eyes of the world turn to the ECB, some are beginning to worry about the strength of the U.S. economy.
The boost from declining rates may be over, but macroeconomic fundamentals in the U.S. should generally be supportive of credit risk.
Replay now available.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.
Lousy weather and weak holiday results make the sector a relative bargain.
The corporate bond market will probably struggle to return much above break-even in 2014.