Fixed Income
Bond-market context, yield strategy, and fixed-income portfolio construction coverage.
TINA Is Dead: Why Bonds Are Finally a Real Alternative to Stocks
As we show, prior peaks in the relative returns of stocks versus bonds tend to reverse quickly, but the timing of such reversals is incredibly hard to predict.
Municipal Bonds Just Got Punched in the Mouth. Is It Time to Buy?
The municipal bond market got punched in the mouth this week with municipal bond yields rising across the board at a much higher level than treasuries.
Why Bonds May Be One of the Most Interesting Investments Again
But, if you think about where fixed income investors would start out today, where they end up a few years down the road should be much better than where they have been of late.
Treasury Yields Aren’t Threatening Small-Cap Market Rally
Translation: Treasury yields can threaten any rally, but there are no guarantees of that happening.
The Bond Market Is Sending a Warning About the Next Era of Interest Rates
Indeed, $6 billion is substantially more than double the previous buyback rate but apparently falls short of what bond traders either hoped or expected.
The Bond “Rout” Is Overblown. What Higher Treasury Yields Really Mean
We hope you all had a wonderful Labor Day weekend! It is hard to believe another summer is in the books, but the older I get, the quicker the calendar pages flip.
The Real Treasury Bond Problem: Rising Interest Rates Meet America’s Massive Debt
The issues that they raise are very real, but they have long predated today’s squabbles and the latest Treasury yield. Let me explain.
Treasury Yields Threaten Market Rally
Unfortunately, the specter of the bond market encroaching on the equity market party has been building for months.
Druckenmiller’s Bond Market Warning: What It Means for Investors Now
The market remains within a stone’s throw of previous highs, but underlying momentum quietly rolls over.
Bonds Take the Spotlight as Yields Surge
Strong economic activity and broad-based earnings growth offer better incentives to focus on the long-term trends and look beyond immediate volatility.
A 5% Bond Yield Isn’t a Crisis. It’s a Return to Normal
A 5% long bond isn’t the crisis, it’s the receipt, and the fifteen years when money was free did far more damage to growth than normal interest rates ever will.
Lacy Hunt Just Changed His Mind on Bonds. Should You?
Economist Lacy Hunt has been a bond bull longer than most money managers have been in the business.
Wall Street Says Dump Your Bonds. Here's Why That's a Costly Mistake.
Lately, it seems like you can’t open a financial publication without stumbling across another article declaring the 60/40 portfolio dead.
The Case for Selectivity in Fixed Income as Credit Spreads Hit Extremes
Fixed income markets are entering 2026 priced for perfection.
High Issuance, High Opportunity: How Advisors Can Navigate The 2026 Municipal Bond Landscape
The municipal bond market enters 2026 from a position of both heavy supply and resilient fundamentals , creating a nuanced landscape for advisors who
Are You Overlooking Bonds? The Key to a Truly Balanced Portfolio
When building a strong and diversified portfolio, most investors focus heavily on stocks.
The Future of Fixed Income Investments in a Changing Economy
Fixed income investments have long been a cornerstone of a well-balanced investment portfolio.
Integrating Fixed Income into a Modern Investment Strategy
The Role of Fixed Income in a Modern Investment Portfolio In a modern investment portfolio, fixed income has become increasingly significant as investors seek
Why Municipal Bonds Are a Smart Play After the Election
Key takeaways Monetary easing: A macroeconomic environment with potentially lower interest rates is supportive of municipal bonds.
Bond Prices Go Up Faster Than They Come Down: A Look at Convexity
Fixed-income investors often ask what the duration of a bond is — as a way of determining interest rate sensitivity.
