Tag: Bonds

Bonds Lose Their Defense

Bonds Lose Their Defense

Many investors think of bonds as a portfolio’s defense. Since 1980, U.S. 10-year treasury bonds have performed like the vaunted 1985 Chicago Bears defense, creating offensive-like total returns of over 8.0% and having investors dancing the Super Bowl shuffle. This […]

Morgan Stanley: Credit Risks Are Rising

Morgan Stanley: Credit Risks Are Rising

The credit cycle has turned, and fundamental risks are material, that’s according to Morgan Stanley’s July 1 report on the credit sector. Back in October 2015, Morgan Stanley published a detailed research report on the state of the US credit […]

Future Returns From Stocks And Bonds

Future Returns From Stocks And Bonds

Future Returns From Stocks And Bonds by Brandywine Asset Management This is an update to the article I originally wrote in mid-2013 (and updated once previously in 2014) that projected the future returns to be earned from stocks and bonds […]

BoA Fund Outflows Surge After Brexit

BoA Fund Outflows Surge After Brexit

BoA Fund Outflows Surge After Brexit News has hit the wires today that the UK’s three largest property funds have halted redemptions as concerns grow about the impact a sudden rush of withdrawals from the UK’s fund management industry will […]

Brexit!!!  Silver!!!  Bonds!!!  Deflation!!!

Brexit!!! Silver!!! Bonds!!! Deflation!!!

It’s a funny title for a segment, but it is appropriate. I don’t want to be too flippant with dismissals of inflammatory market events like ‘Brexit’ as simply hype. There is very real macro fundamental shifting going on behind the […]

High-Yield Selloff Could Get Worse

High-Yield Selloff Could Get Worse

High-Yield Selloff Could Get Worse “If the 8% decline in the trade-weighted British pound fails to kick up much dust in U.S. credit markets, it would be a historical outlier,” that’s according to credit analysts at Deutsche Bank, which published […]