/perspectives/sector-views?page=4

Sector Views

Our Sector Views include investor commentary that explores past performance, future outlook and investment implications for various market sectors.



August 21, 2023

Investment-Grade Corporate Bonds: Strong Technicals Support IG

Despite weakening fundamentals, the performance outlook appears positive.


August 21, 2023

High-Yield Corporate Bonds: Attractive Yields and Limited Supply Support Performance

Credit challenges persist, but stable spreads and attractive yields lure investors.


August 21, 2023

Bank Loans: Clipping the Highest Coupon in Two Decades

Yields are attractive even after accounting for credit losses in an above-average default environment.


August 21, 2023

Asset-Backed Securities and CLOs: Commercial ABS Remains Attractive

Declining primary market issuance helps support spreads.


August 21, 2023

Non-Agency Residential Mortgage-Backed Securities: Technical Market Conditions Are Supportive of Valuations

Housing market and labor fundamentals add to our long-term constructive outlook.


August 21, 2023

Agency Mortgage-Backed Securities: Short-Term Headwinds Persist and the Sector Remains Cheap

Stabilized rate volatility is key to the sector’s long-term value proposition.


August 21, 2023

Commercial Real Estate: Finding Value in the Post-Pandemic Market

Assessing the effect of secular trends on commercial real estate values.


July 19, 2023 | High-Yield and Bank Loan Outlook

Capital Rationing in Leveraged Credit

Appealing yields and cautious markets.


May 17, 2023

Second Quarter 2023 Fixed-Income Sector Views

Opportunity in fixed income rises with uncertainty.

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