Commentary

Why We Think Corporate Health Can Withstand an Economic Slowdown

Corporate fundamentals have been deteriorating in the US. Over the past six months we have seen meaningful erosion in profit margins, pricing power and the outlook for credit.

Commentary

Surprises from the First Half of 2022: Value Reemerging in TIPS

Concerns regarding inflation are almost everywhere you look—unless you happen to be looking at the Treasury bond market.

Commentary

Surprises from the First Half of 2022: A Rare Macro and Geopolitical Period for the Bank Loan Market

Exceptional circumstances roiled the loan market in the first half. It's impossible to say what will happen next, but the loan market's floating-rate feature could offer value in multiple scenarios versus other fixed income assets.

Commentary

Municipals & Climate Change Series: Drought & Extreme Temperatures

Municipal bond issuers are often linked to tangible, physical assets directly exposed to the effects of climate change.

Commentary

Surprises from the First Half of 2022: Underperformance of European Corporate Bond Spreads

The current spread differential between European and US corporate spreads have us considering a shift in our thinking.

Commentary

Suppose They Gave a Recession, and Nobody Came

The business press sometimes likes to say that a recession is a decline of real GDP lasting at least two consecutive quarters. Not so.

Commentary

Reading the Housing Sector: The Good, the Bad and the Surprising

We think the housing sector should hold steady with good structural trends, a potentially bad environment for housing bargains and a scenario for prolonged inflation.

Commentary

Price Caps on Russian Hydrocarbons: Be Careful What You Wish For

Recent G-7 discussions about imposing caps on the price of Russian oil and gas have led to some head-scratching.

Commentary

Taking the Consumer’s Temperature

With consumer behavior under a magnifying glass, Portfolio Manager Jennifer Thomas, shares her assessment of the US consumer.

Commentary

ECB in the News

Senior Sovereign Analyst Jon Levy answers some key questions about the European Central Bank's latest moves.

Commentary

Playing Catch-Up: Takeaways from the June FOMC Meeting

The Federal Open Market Committee’s announcement of a 75-basis-point (bp) rate hike on June 15 revealed a shift in the Fed’s thinking.

Commentary

Chart of the Week: Is the US Dollar Poised to Enter a Bear Market?

US dollar cycles last an average of six to nine years, and we are approaching the tenth year of this dollar bull market.

Commentary

Nearly $16 Trillion in the Rear-View Mirror

A historic shift in central bank policy is currently underway. The implications of this change are likely to be varied and in some instances substantial.

White Paper

Life After QE

As investors navigate an uncertain future after QE, the past may be their best guide.

Commentary

Global GDP Themes and Forecasts (Infographic)

Go around the world in one blog post; Loomis Sayles' Macro Strategies Group shares a visual snapshot of its GDP growth expectations for the months ahead.