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Navigating Inflation: Does Your Concern Match Your Hedge?
by Matt Toms of Voya Investment Management, 3/5/21

The opportunity cost for inflation protection is high—is it worth the cost?

The 2018 fixed income outlook: It’s quiet…is it too quiet?
by Matt Toms, Chief Investment Officer of Fixed Income at Voya Investment Management of Voya Investment Management, 1/24/18

As we enter 2018, the macro environment remains supportive for fixed income markets. However, with full valuations and diminished monetary policy support, the margin for error is razor thin as fixed income investors identify potential risks.

Voya Investment Management's CIO of Fixed Income, Matt Toms, CFA breaks down the major themes of 2018 and discusses the key market trends that are likely to lead to a return of volatility.

Voya Fixed Income Perspectives – January 2015
by Christine Hurtsellers, Matt Toms of Voya Investment Management, 1/30/15
Voya Investment Management’s fixed income strategies cover a broad range of maturities, sectors and instruments, giving investors wide latitude to create a new portfolio structure or complement an existing one.

Voya Fixed Income Perspectives September 2014
by Christine Hurtsellers, Matt Toms of Voya Investment Management, 10/2/14
Change is in the air, and its evident beyond the riot of color overwhelming our natural landscape. Market dynamics, too, are shifting, with the yield on the U.S. two-year Treasury inching higher and the U.S. dollar appreciating. Both not only suggest markets are pricing in a stronger U.S. economy, they are also potential harbingers that the end of zero interest rate policy is near.

Voya Fixed Income Perspectives August 2014
by Christine Hurtsellers, Matt Toms of Voya Investment Management, 9/3/14
Like the buzz of the alarm clock on the first day of school, the July/early August market selloff awoke investors to the fact that the lazy, carefree days cant last forever. Though a single catalyst for the latest shift in sentiment is tough to identify, there are a number of suspects: ample geopolitical uncertainty, the possibility that strong U.S. economic data may hasten fed funds rate normalization and Fed rhetoric about froth in certain markets.

Thrift, Thrift, Burning Bright
by Christine Hurtsellers, Matt Toms of ING Investment Management, 1/31/14
Does the title sound familiar? Think feral instead of frugal, and William Blakes "Tyger, Tyger, burning bright" may start to flicker between the synapses of memory and an English lit class you once soldiered through. But even if you havent read "The Tyger", its theme is aptly captured in the opening line and its image of a big flaming kitty cat. Essentially, Blake saw reality in duality: To appreciate the ferocious feline in all its glory is to come face to face with the same force that created "The Lamb", another entry in the poets Songs of Innocence and of Experience.

ING Fixed Income Perspectives - November 2013
by Christine Hurtsellers and Matt Toms of ING Investment Management, 11/29/13
Given rich valuations globally, we remain broadly neutral on interest rate risk with the exception of Japan.

Willing a Fiscal Win
by Christine Hurtsellers, Matt Toms of ING Investment Management, 11/18/13
Why cant we just will our desired political outcomes the way the most fervent seemingly can impact ballgames? After watching Fenway Park packed to the rafters with Red Sox faithful exercising their sovereign and ethereal right to psychically encourage baseballs out of the yard and knowing that millions of others in Red Sox nation were doing the same in front of their televisions were left wondering if the fans of Team U.S.A. can apply a little of that classic Carlton Fisk mojo a few hundred miles down I-95.

Brave New World
by Christine Hurtsellers, Matt Toms of ING Investment Management, 9/12/13
If the monotony of high school lulled you into a catatonic state the semester you were supposed to read Brave New World, heres the CliffsNotes summary of what you missed. Aldous Huxley imagined a futuristic utopia in which the government promotes economic and emotional stability through the plentiful use of a soporific opiate called soma. Soma allows the mind to take a holiday from worldly problems via a gram, or two or three. Imagine the chaos into which this fictional world would descend were the government to abandon its role as pharmacist to the masses.

ING Fixed Income Perspectives August 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 8/28/13
While it?s been said that a picture is worth a thousand words, some pictures are just not that complicated. Take the current U.S. yield curve, for example, our interpretation of which can be boiled down to just a handful of syllables: ?zero interest rate policy? and ?taper?.

ING Fixed Income Perspectives July 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 7/30/13
We are constructive on interest rate risks in many developed and emerging economies as global central banks reinforce accommodative monetary policy. We favor the U.S. dollar versus the Japanese yen, the Euro and other developed market currencies. Credit spreads should narrow from current levels as the markets gain confidence and the Treasury market stabilizes. preads offer more than adequate compensation for likely credit losses and a further rise in interest rates. Spreads have been pressured to pre-QE3 levels and mortgages look attractive at these higher levels as prepayment speeds slow.

ING Fixed Income Perspectives June 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 6/27/13
Fears of Fed tapering are overblown; we expect global funding conditions to remain easy. We continue to favor the U.S. dollar and are bearish on the euro and the yen; we are cautious on EM local currencies, as volatility is likely to persist.Spreads are appealing at current levels, with higher-quality industrials offering the most attractive risk/reward.

ING Fixed Income Perspectives May 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 5/23/13
How do you like them apples? By pointing out some Excel blunders in the data of Harvard economists Reinhart and Rogoff, a UMass-Amherst grad student appears to have gotten their number and in the process discredited their seminal work touting the merits of austerity. Though Good Will Hunting fans may be amused to see a couple of Harvardians get their comeuppance, you don?t need the titular character?s wicked smarts to deduce that harsh government spending cuts may not be the best way to pick up your economy.

Deflation Is OverPlease Come Out
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 5/8/13
A blooper reel of 20th century history would likely include a feature on Japanese soldier Hiro Onoda. Posted to a small island in the Philippines during the waning days of World War II, when Onodas mission proved unsuccessful he was ultimately forced to flee into the woods, where he survived on a steady diet of coconuts and bananasfor almost 30 years after the end of the war.

F.I.R.S.T.: Bond Market Outlook
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 4/19/13
Amid heightened political uncertainty in Europe and subdued global growth expectations, global investors owe Hiroki Kuroda a big domo arigato for his pledge to inject about $1.4 trillion into the moribund Japanese economy by the end of 2014. The newly appointed BOJ governor?s unprecedented plan to buy Japanese government bonds,

F.I.R.S.T.: Made in the U.S.A.
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 4/3/13
Not just the preamble for the machine-wash-in-cold-water-and-eat-celery-only instructions on the inside of your skinny jeans, Made in the U.S.A. is a brand in vogue these days as the Stars and Stripes looks to dawn a manufacturing renaissance to go with that snazzy new housing recovery everyones been talking about.

ING Fixed Income Perspectives March 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 3/22/13
Developed sovereigns are still broadly unattractive, but global central banks appear poised to ease. We prefer EM currencies that will continue to benefit from positive global growth and tolerate further upward pressure on the U.S.

Animal Spirits: F.I.R.S.T.
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 3/7/13
Call it what you will a dog-eat-dog world in which you're wearing Milk-Bone underwear or an example of capitalism at its finest an M&A cycle is heating up. This activity may be signaling the rebirth of what British economist John Maynard Keynes originally referred to as "animal spirits", much to the delight of fictional corporate barbarian Gordon Gekko and his real-life analogues, who require little prompting to act on Keynes "spontaneous urge to action".

ING Fixed Income Perspectives February 2013
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 2/27/13
Despite its diminutive size, February has been a whirlwind. Eat and drink too much on Fat Tuesday, be reminded of our corporeal nature on Ash Wednesday, receive a sappy Hallmark card on Thursday, and cap it all off with a memorial for a bunch of ex-presidents on Monday. Unfortunately, the next several weeks don't appear to offer any relief from this calendar whiplash.

Look at the Bears! Look at the Bears!
by Christine Hurtsellers, Matt Toms and Mike Mata of ING Investment Management, 2/1/13
Yes, the grumbling of bond bears is reverberating in Treasury yields, but that sound isnt the death knell of a grizzly; at this point, the closest ursine analogue is Boo-Boo Bear.

Fixed Income Asset Allocation Post-Apocalypse
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 1/7/13
December 21, 2012 the day the Earth was prophesized to collide with a black hole of kaputness has come and gone in defiance of the Mayan calendar. The more upbeat interpretation of the 5,125-year Mayan cycle, however, is that the end date doesn't signify Armageddon but rather the beginning of a new time for positive change here on earth. So allow us to suggest an investment playbook to cash in on this silver lining. In short, the sweetness of the metaphorical fortune cookie in your hand will depend on how you allocate your fixed income assets in 2013.

ING Fixed Income Perspectives December 2012
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 12/19/12
While all the good little boys and Cindy Lou Whos dream of sugar plums and new iPhone 5s in blue, the adults in our modern-day Christmas story can't sleep but a wink, as visions of getting Scrooge'd by the fiscal cliff are making hearts sink. No matter if this political humbug cease or persist, down the chimneys of a recuperating housing market Ol' Saint Bernanke-olas will continue to gift $85 billion of Treasury and MBS purchases per month or more until the labor market can finally get over the hump and deliver 6.5% unemployment and inflation of 2.5% and no more.

Fixed Income Perspectives
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 11/27/12
A wise American once said "Life is hard; it's harder if you're stupid." A good example is when your pals in Washington are so busy pushing their partisan agendas that they lose sight of what could happen to the American economic Thunderbird if it goes all Thelma and Louise over the fiscal cliff. With the latest elections in the books, it remains to be seen if a Democratic president and acrimonious Republican House can put on their thinking caps to devise a way to delicately pump the brakes of fiscal restraint.

Magic 8 Ball Knows All
by Christine Hurtsellers, Matt Toms, Mike Mata of ING Investment Management, 11/8/12
The efficacy of 1980s technology turned out to be a real bummer, huh? Flying DeLoreans and flux capacitors are the ultimate heartbreakers, but the clairvoyance promised by those iridescent black and white Magic 8 Balls is definitely a close second. Give one a few shakes today and see for yourself. "Magic 8 Ball, [SHAKE] will financial markets rally post the U.S. election?" "It is decidedly so." "Magic 8 Ball, [SHAKE] are you lying?" "Yes definitely." "Magic 8 Ball, [SHAKE] seriously?" "Reply hazy, try again."
24 results found.