The 2008 financial crisis spurred central banks around the world to act aggressively by lowering policy rates close to zero and buying fixed income securities in the market, often referred to as quantitative easing. Post-recession some countries and regions were more affected than others, such as the European Union (EU) and Japan which have recovered at a slower rate than the U.S.
Over the past decade, we have witnessed a broad shift in the riskiness of the corporate debt market. Companies have capitalized on a low interest rate environment, driven by global central bank stimulus, and issued elevated amounts of lower rated securities.
The U.S. Treasury yield curve has attracted a lot of attention this year as interest rates have risen. In this analysis, we outline several factors pushing the yield curve higher, as well as the offsetting forces keeping it from moving more than it already has.
One of the most discussed topics in the investment world these days is bitcoin. Read our commentary to understand what cryptocurrencies are, their potential for disrupting the existing financial exchange system, and their viability for use in a diversified, institutional portfolio of assets.
Interest in emerging markets continues to gain traction among investors – and for good reason. Read our Investment Insights commentary to understand why we encourage our clients to consider emerging markets as part of their investment portfolios.
French presidential elections concluded recently, with En Marche! candidate Emmanuel Macron soundly defeating the populist National Front party candidate Marine Le Pen. Read our Investment Insights commentary for our takeaways.