Corporate Bonds
A risk/reward ranking of the 10 major US investment grade corporate bond sectors.
Our Portfolio Allocation Summary for March 2024.
In this Strategy Insight, we take a comparative look at two of the largest spread product sectors in Europe – Italian government bonds and investment grade corporates. We make the case for favoring Italy over investment grade in the event of a downturn in European economic sentiment.
We rank the US spread sectors in terms of risk versus reward.
Easier financial conditions, rising home prices, rebounding consumer sentiment, and a stabilization in manufacturing activity all augur well for near-term US growth prospects. An unsustainably low savings rate is a key risk to the US economic outlook. Our revised forecast is centered on a recession starting in late 2024 or early 2025.
Our Portfolio Allocation Summary for February 2024.
When will the US also buckle under high rates? We expect a US recession to begin around mid-year. Stay defensive.
