Investment Topic: Credit/Fixed Income

CA Answers August 2017
Is the US Dollar Dead?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. We are not ready to pronounce the strong dollar cycle dead, but do admit the US dollar is in critical condition. Investors should remain partially unhedged or prepared to ride out a period of currency volatility.…
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CA Answers June 2017
Playing the Long Game—Should the US Treasury Issue Ultra-Long Bonds?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. Yes. Issuance of ultra-long Treasury bonds (greater than 30 years to maturity, including potentially 40-, 50-, and 100-year maturities) would benefit multiple constituents. Ultra-long Treasuries would extend the investable Treasury curve for pension plans and life…
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CA Answers March 2017
What’s Next for the US Dollar?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. We still expect a rising US dollar over the coming year or so; however, the currency is entering the final phase of the strong-dollar cycle and investors should be aware that valuations and historical cycles suggest…
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Research Note October 2016
Don’t Forget the Credit Spread!

While corporate plan sponsors are keenly aware of interest rate risk within their defined benefit plans, few fully appreciate the complex and significant risk posed by credit spreads.
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