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Search for Income | Q1 2016
The quarter had two distinct phases: during the first half of the quarter, equity markets and economically sensitive bond sectors sold off on diminished risk appetite, led lower by high-yield and bank loans.
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Search for Income | Q4 2015
Interest rates rose across the maturity spectrum during the fourth quarter of 2015 in anticipation of the Federal Reserve’s (Fed) decision to raise interest rates in December.
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Search for Income | Q1 2015
The Search for Income publication is a quarterly guide to our top ideas for income producing securities and strategies.
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“Growth Scare” | Search for Income | Third Quarter 2014
Global economic growth fears led to divergent changes in bond yields over the third quarter of 2014 and into the fourth quarter. A weakening European economy–which is on the brink of its third recession since 2008–and unrest in Ukraine, the Middle East, and Hong Kong, along with a decline in oil prices, boosted demand for…
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Search for Income | Second Quarter 2014
Search for Income | Second Quarter 2014 Yield Compression Bond yields declined further over the second quarter of 2014 continuing the descent that began at the start of 2014. By mid-year 2014, the 10-year Treasury yield was sitting just above 2.5%, the low end of a one-year range. Bond market strength has been broad-based in…
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Search for Income | First Quarter 2014
Search for Income | First Quarter 2014 The Yield Decline Resumes Bond yields resumed a downward trend during the first quarter of 2014. After rising for much of 2013, better valuations, slower-than-expected first quarter 2014 economic activity, China growth concerns, and geopolitical fears over Ukraine-Russia helped push prices higher and yields lower, led by longer-term…