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Moody's

Nov 09 2018

Have We Already Had The Year-End Rally?

  • Nov 9, 2018

In the March Green Book, we discussed the long history of stock market difficulties during mid-term election years. Incredibly, nine of the past 11 cyclical bear market lows have occurred in these years, with eight of those nine recorded during the seasonally-weak months of May through October (Table 1).

Feb 07 2014

U.S. Bonds

  • Feb 7, 2014

Given the higher volatility and increased risk aversion, high grade credits are attractive as the negative relationship between rates and credit spreads dampens the volatility of this asset class.

Jan 08 2014

U.S. Bonds

  • Jan 8, 2014

The thin liquidity likely magnified the move in both rates and credit spreads, but we continue seeing a friendly macro environment that supports high quality credits.

Sep 10 2013

U.S. Investment Grade Corporate Bonds: Maintain Favorable

  • Sep 10, 2013

This is consistent with our overall cautious view on credits. Credit spreads continued narrowing despite higher volatility in the bond markets.

Aug 07 2013

U.S. Investment Grade Corporate Bonds: Maintain Favorable

  • Aug 7, 2013

Despite the exodus from all bond classes in the last few months, longer term demand for safe spreads is likely to remain strong and investment grade issuance has dropped significantly.