Join the experts at Eaton Vance for a webcast discussing best ideas for fixed income positioning going forward.
A "higher for longer" interest rate environment has generated plenty of yield for savvy investors, but as the Fed prepares to potentially lower rates, figuring out how to approach the curve is critical.
Join the experts at Eaton Vance for a free webcast unpacking today’s complicated fixed income environment.
Join the experts at Eaton Vance and learn all about a floating rate strategy built to tackle the current market moment. Find out how floating rates can help your clients and where they fit in your fixed income portfolio.
The municipal and the Treasury yield curves are different. This is never more evident than when the Treasury curve inverts. There have been multiple historical incidences of Treasury 2's to 10's inversion in the last quarter century...
Every year, Eaton Vance's municipal bond research team ranks all of the U.S. states on their creditworthiness in a report entitled State of the States.
In January, the fourth quarter moved into the rear view mirror. Market participants felt a collective sense of relief. Municipal bonds, however, were the beneficiary of the uncertainty as interest rates fell while investors sought safety. Absent too was any major legislation for market participants to consider.
Even though interest rates have leveled off a bit in recent months, we continue to believe that municipal floating-rate notes are offering relatively attractive yields with some protection against volatile equity and fixed-income markets.
Interest in environmental, social and governance (ESG) investing has reached a new threshold across U.S. money manager, institutional and retail spaces, according to the US SIF's biennial "Report on U.S. Sustainable, Responsible, and Impact Investing Trends" released last month.
Just seven short weeks ago, the floating-rate loan market was standing tall with a 4.0% year-to-date return through October. Not only were loans on pace for the 5%+ calendar year mark that many anticipated, they had performed with remarkably low volatility and a performance profile that trumped all major asset classes.
The media and some market participants can get pretty worked up over the flattening Treasury curve. But the question is: Is it warranted?
As cities and states deal with increased risk of damage from extreme weather conditions, the financial impact of climate change is becoming more acute. That's why it's important for investors to understand the potential impact of global warming on the municipal bond market, both now and in the future.
California is currently battling two devastating wildfires in California. The Camp Fire, located in Butte County (north of Sacramento) has so far burned 135,000 acres, destroyed 7,600 residences and caused 71 fatalities, making it the deadliest wildfire in California's history.
We've managed client assets in floating-rate corporate loan strategies since 1989. Our longest-running fund will surpass its 30-year mark in 2019. Along the way, we've developed deep expertise in this asset class. Today we manage more than $45 billion in floating-rate corporate loan assets, for clients all around the globe and in every discernible delivery format.
The sweeping tax overhaul signed by President Donald Trump this year has many positive aspects for investors, while also creating both opportunities and challenges for financial advisors who use tax-efficient strategies.
The recent volatility has been at least partly driven by markets reacting to higher interest rates and a Federal Reserve that appears committed to further tightening. We expect more turbulence as investors realize the Fed and even other central banks are determined to pull back accommodative monetary policies that have supported markets since the financial crisis.
Bond prices fall as interest rates rise, and this year has proven to be a downright case study. Why? The Federal Reserve has remained on its unwavering course to normalize interest rates from their still-low levels.
It might feel like a different landscape for investors in municipal bonds after the big moves in yields and prices this past month. Thankfully, they are historically rare. But like the "taper tantrum" of 2013, they can be unnerving when they do happen.
To refresh, the new playbook refers to strategies that we believe can prosper in the environment we expect of higher inflation and interest rates, dollar weakness and increased volatility.
With the U.S. economy humming and corporate fundamentals on solid footing, it's perhaps little surprise that markets have been cooperative this year. Investor sentiment remains strong and this has fueled higher-still stock prices, which of course is further supporting positive sentiment. It's a bull market.
As major U.S. stock indices hit new all-time highs, one of the key uncertainties is whether the House, the Senate, or both could flip to the Democrats on Nov. 6. The infographic below takes a look at what's up for grabs, the current forecasts, and what history offers us on midterm elections and the stock market.
As short-term rates move higher and the Treasury yield curve flattens, many investors are thinking about how to earn income while also protecting themselves against rising rates. In this post, we'll discuss why municipal floating-rate notes -- an often-overlooked part of the market -- may be an attractive option for these investors.
The decade after the financial crisis has been marked by low inflation and investment spending, lagging income growth and a strong U.S. dollar. We expect these trends to reverse direction and potentially surprise investors who aren't prepared.
The conventional wisdom is that risk-adjusted, overall portfolio returns are enhanced by combining exposure to a U.S. small-cap equity benchmark, like the Russell 2000 Index, with large-cap stocks. However, we find this belief is simply not supported by the data.
Investor sentiment on emerging markets has swung negative in recent weeks on concerns over tariffs, trade, global growth and a resurgent U.S. dollar. However, we believe the long-term case for emerging markets (EM) in bond portfolios is still strong -- especially if you know where to look.
Responsible Investing is a relatively new concept in the municipal bond market, but we believe it's well-suited to a market that finances entities and projects intended to serve the public good.
Recent posts from the diversified fixed income team have discussed how bond investors should be prepared to navigate a market that may look very different from what they've grown used to. In other words, it might be time to reassess the old bond-investing playbook.
Emerging market (EM) stock indices have generally trailed the S&P 500 Index in the years after the financial crisis, although developing markets handily outpaced the U.S. in 2017.
The Tax Cuts and Jobs Act of 2017 included a number of changes that have directly impacted the $3.7 trillion municipal bond market.
In this Q&A, Kathleen Gaffney and Henry Peabody share their outlooks for the bond market and the impact of stronger global growth, and how they seek to position the Multisector Income strategy.
