Tilting Toward Higher Quality Credits

Pine Bridge
Door oktober 10, 2019 15:29

Tilting Toward Higher Quality Credits

Credit spreads tightened in September after widening in August, although most asset classes remain around fair value. The dovish stance of central banks globally continued amid concerns about growth, Brexit, and risks of trade war escalation between the US and China. As a result of growth concerns in the eurozone, the European Central Bank cut rates further into negative territory and announced a new quantitative easing program starting in November. The Federal Reserve cut rates 25 basis points for the second month in a row. Interest rate volatility also continued with 10-year Treasury rates trading 52 basis points lower in August, and then trading higher again in September. 

Pine Bridge
Door oktober 10, 2019 15:29

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Asset Allocation Consensus September

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oktober 2019
M D W D V Z Z
« sep    
 123456
78910111213
14151617181920
21222324252627
28293031