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Market Outlooks
AAM Viewpoints: The Low Yield Environment and Corporate Credit Trends
This piece is approved to use with clients.
Outside of the oil crises, U.S. real yields have never been lower and global negative yield debt reached a record $18.38 trillion on 12/11/20, and as of Tuesday, 2/16/21 stands at $14.74 trillion. The U.S. 10-year Treasury real yield hit an all-time low on 8/6/20 at -1.08% and again on 1/4/21. It now stands at -1.04%. The previous low was in December 2012 at -0.92%.
Market Outlooks
PMC Weekly Market Brief - February 22, 2021
PMC Weekly Market Brief - February 22, 2021
Market Outlooks
AAM Viewpoints: Municipals Do Their Best Tortoise Impression and Play Catch Up
This piece is approved to use with clients.
Slow and steady wins the race, or so says Aesop. After playing the post-COVID investment grade laggard for the majority of 2020, the municipal market’s consistent slow-paced nature has them playing catch up through the first 25 trading days of 2021. While municipals enjoyed a healthy 5.21% year-to-date return for 2020, that was still behind U.S. Treasuries by 279 bps (basis points) as well as U.S. Investment Grade Corporates by a staggering 468 bps.
Market Outlooks
PMC Weekly Market Brief - February 16, 2021
PMC Weekly Market Brief - February 16, 2021
Market Outlooks
AAM Viewpoints: The Pandemic: A Credit Epilogue
This piece is approved to use with clients.
Introduction: While the COVID-19 crisis is not yet over, with cases recently spiking again, the vaccines are being administered and there appears to be a light at the end of the tunnel. It still remains to be seen whether new consumer behavior will stick or revert to pre-pandemic patterns.
Market Outlooks
PMC Weekly Market Brief - February 8, 2021
PMC Weekly Market Brief - February 8, 2021
Market Outlooks
PMC Weekly Market Brief - February 1, 2021
PMC Weekly Market Brief - February 1, 2021
Market Outlooks
PMC Weekly Market Brief - January 25, 2021
PMC Weekly Market Brief - January 25, 2021