More recently, statements from Fed officials and minutes from the December FOMC meeting have firmly anchored dovish expectations at least through the first quarter of the year as policymakers reinforced the ability to remain patient in the implementation of monetary...
The persistent lingering of geopolitical issues that have seemingly reached maximum escalation only find new ways to further intensify driving volatility in markets and a stronger bid for risk-free assets.
Year-to-date, lower quality issuers have driven outperformance in the sector with excess returns of +2.6% for Single-B and +4.3% for CCC & lower compared to +0.4% for BB.
This increase not only includes technology firms whose values comprise the application of algorithms, but also firms that have paid handsomely for acquisitions in hopes of, among other things, realizing synergy and cross-selling opportunities.