Commentary

Shifting Trends Favor European Banks vs. US Banks for the First Time in Years

Credit Research Analysts Greg Schantz and Julian Wellesley dive into why they favor European banks vs US banks and why they see a potential opportunity in Yankee bank bonds.

Commentary

Corporate Health: Signs of Improvement, but Vulnerabilities Remain

Despite some improvements in corporate health, Global Macro Strategist Craig Burelle shares why he thinks companies are likely to experience more pain in the months to come.

Commentary

Fitch Downgrades US Treasurys: A Tale of Debt and Dysfunction

Fitch Ratings has downgraded the long-term rating of US Treasurys from AAA to AA+. Chief Economist Brian Horrigan shares his take on Fitch’s reasoning and highlights key differences between this event and the S&P downgrade of 2011.

Commentary

Surprises from the First Half of 2023: In Private Credit, Steady Issuance Despite Challenging Conditions

Loomis Sayles' Private Credit Group discusses how issuance in the private credit markets bucked the trend and maintained typical levels in the first half of the year.

Commentary

Three Questions on Political Risk in Emerging Markets

With several EM countries facing elections in the next 12 months, Eric Spencer, Senior Research Analyst on Loomis Sayles' Global Emerging Markets Equity team, weighs in on potential risks and opportunities.

Commentary

Global GDP Themes and Forecasts (Infographic)

What's next for global growth? Our Macro Strategies team shares a regional breakdown of their growth expectations across the globe.

Commentary

The Urban Challenge: Can Cities Fill the Tax Gap Created by Empty Offices?

Cities and states may have their work cut out for them as they explore solutions to preserve their commercial tax bases and maintain the vibrancy of their downtowns.

Commentary

Capital Structures and Rising Debt Costs: How Concerned Should You Be?

Rising interest costs have sparked speculation about whether companies with loan-only capital structures might be vulnerable. Investment Director Cheryl Stober puts rising interest costs, debt service capacity and capital structures into context.

Commentary

Debt Ceiling Drama: We’re in for a Nail-Biter

Markets will likely get increasingly unsettled as the X-date approaches without resolution. Congress has about four weeks to hatch a deal. Chief Economist Brian Horrigan looks at five possible scenarios and relates important considerations for each.

Commentary

A Fresh Value Proposition in Intermediate Corporate Bonds Amid an Uncertain Outlook

Investment Strategist Devon McKenna believes intermediate-maturity corporate bonds can offer a fresh value proposition that may help defend the segment against rallying rates and widening spreads.

Commentary

Corporate Health Stabilizes, but We Expect More Weakness Ahead

Pricing power and profit margins showed signs of stabilizing in the first quarter. But a survey of Loomis Sayles’ credit analysts leads us to believe the bottom in corporate fundamentals is yet to come.

White Paper

Investment Outlook - April 2023

Oftentimes, tighter monetary policy exposes financial excesses and pockets of risk within an economy. In the current late-cycle environment, this may be the case.

Commentary

State Governments Face Diverging Outcomes in a Downturn

Senior Fixed Income Analyst Bedford Lydon shares three factors that may affect states' creditworthiness in a downturn.

Commentary

Tracing Treasury Liquidity Lower: Once the Ball Starts Rolling, It’s Hard To Stop

It’s been—to put it mildly—an interesting time in the US Treasury market.

Commentary

Can the ECB Teach an Old Dog New Tricks?

Senior Sovereign Analyst Jon Levy shares his analysis of the European Central Bank’s plans to unwind its largest quantitative policy measure, how it could affect markets and how it compares to previous policy changes.