Insights

Alpha Engine Perspectives

December 24, 2019•1 min read

Senior Loans: A Slow and Steady Asset Class (Infographic)

As we learned in the childhood fable The Tortoise and the Hare, the tortoise’s steady pace puts him ahead of[…]

Full Discretion

Alpha Engine Perspectives

December 24, 2019•1 min read

2018 Sector Teams’ Outlook: Bank Loans

Earlier this month, the Loomis Sayles sector teams published their 2018 outlook. Here's a snapshot of what our bank loans[…]

Full Discretion

Alpha Engine Perspectives

December 24, 2019•1 min read

2019 Sector Teams’ Outlook: Bank Loans

We expect the formation of collateralized loan obligations to remain a positive technical driver for loan demand through 2019. We[…]

Full Discretion

Alpha Engine Perspectives

September 18, 2019•2 min read

Bank Loans: Don’t Swipe Left

Losing interest in bank loans now that rates have begun to fall? Here are two factors that might have you[…]

Full Discretion

Alpha Engine Perspectives

March 29, 2019•4 min read

Subprime Auto ABS: Focus on Fundamentals, Not Fear

The subprime consumer sector has come a long way since the dark days of the financial crisis. Borrowers, lenders and[…]

Structured Finance

Alpha Engine Perspectives

January 7, 2019•2 min read

Let’s Get Technical: The Story Behind the Loan Market Swoon

Wary investor sentiment, seasonal trading activity in loans, and a big institutional seller have combined to drive down loan prices[…]

Full Discretion

Alpha Engine Perspectives

July 19, 2018•4 min read

Can’t Build Them? Join Them: Rising Home Prices & Lack of Construction

There’s a tug of war brewing between housing costs and consumer budgets in the US. Single-family home prices have risen[…]

Structured Finance

Alpha Engine Perspectives

June 13, 2018•2 min read

Nothing to See Here: Rising 10-Year Treasury Yields in Context

While the recent backup in 10-year Treasury yields may look stark on short-term charts (namely 1-year and 2-year charts), the[…]

Relative Return

Alpha Engine Perspectives

May 22, 2018•3 min read

Is Foreign Demand for US Corporate Bonds at an Inflection Point?

The US corporate bond market reached a record $8 trillion at the end of 2017. The high followed a wave[…]

Custom Income Strategies

Alpha Engine Perspectives

April 27, 2018•3 min read

Three Strategies to Prepare for Rising Volatility

We all knew volatility couldn’t stay low forever, even with solid global growth and low inflation. Rising volatility is common[…]

Alpha Strategies

Alpha Engine Perspectives

February 16, 2018•3 min read

China’s Bond Markets – Two Reasons Why the Year of the Dog Might Have Some Bite

The Year of the Dog may not be known for being the most auspicious, but for China’s local, renminbi-denominated bond[…]

Global Fixed Income

Alpha Engine Perspectives

February 9, 2018•6 min read

How the Spike in Volatility Punctured the “Short Vol” Trade

For most investors, it’s pretty unsettling to hear that the market’s “fear gauge” is suddenly on a tear. But that’s[…]

Full Discretion