Skip to content

Credit Ratings

May 23 2022

The World Of Emerging Market Bonds

  • May 23, 2022

Investors looking to diversify away from the U.S. interest rate environment and/or the domestic business cycle may wish to consider Emerging Market bonds, an asset class with lower correlations to the U.S. Agg. Bond Index. EM bond investors can choose between several investment attributes to find the risk / return profile with which they are most comfortable. This study surveys the investment tradeoffs offered by each sub-category, as defined by ETFs focused on each particular asset class.

May 05 2022

Research Preview: Emerging Market Bonds

  • May 5, 2022

The U.S. Aggregate Bond Index lost 3.8% in April, bringing its year-to-date return to an agonizing -9.5%. The realization that bonds can lose big money, combined with the outlook for stubbornly high inflation and continued rate increases, is nudging bond investors to consider a wider scope of alternatives.

Aug 06 2020

Corporate Debt Continues To Pile Up

  • Aug 6, 2020

Public companies are loading up on debt. Since we wrote about this topic over a year ago, a few metrics have reached, or are surpassing, peaks of 1999-2000. When the readings move to extreme levels, we recommend readers take precautions.

May 06 2019

Bank Loan CEFs: Double Leverage Implies Higher Risk

  • May 6, 2019

In prior publications we’ve written about corporate leverage, which has risen to an alarming level, and we’re concerned that this could be a trigger for the next market downturn.

Nov 07 2018

Think Halloween Is Behind Us? Beware, Zombie Alert!

  • Nov 7, 2018

“Zombie” companies are being kept alive by low interest rates and generous credit conditions, and the number of them, worldwide, has risen significantly over the past few years.