Understanding Edge

Despite heightened geopolitical tensions, Treasury yields have moved higher and credit markets have remained remarkably resilient. Douglas Gimple explores what's driving this unusual market dynamic, the outlook for consumers and where he sees opportunities across mortgages and asset-backed securities.   DISCLOSURE   ABS — Asset-Backed Securities, GSE — Government-Sponsored Enterprise. Fannie Mae —...

From proposed housing and credit card reforms to expanding securitized issuance, Fixed Income Portfolio Specialist Douglas Gimple breaks down what’s new in bond markets — and what it means for investors. (22 min podcast)

From auto loans to home equity lines, Douglas Gimple explains why the securitized market remains a fertile ground for active managers — and how consumer trends, credit enhancements and benchmark gaps are shaping today’s fixed income landscape. (47 min podcast)   DISCLOSURES Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes g...

Portfolio Manager Arthur Cheng joins the Understanding Edge podcast to share his career journey, discuss dynamics in the high-yield market and reflect on the first year of Diamond Hill’s Core Plus Strategy. (21 min podcast)   Disclosure S&P 500 Index measures the performance of 500 large companies in the US. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-...

Join us for a timely mid-year webinar where we examine the evolving landscape of interest rates, credit spreads and macroeconomic indicators shaping the bond markets in 2025. With central banks adjusting their course, inflation dynamics shifting and investor sentiment evolving, we’ll explore what these developments mean for fixed income investors.   Key topics will include: Federal Reserve policy...

Tariffs, Fed shifts and a newly normalized yield curve — Doug Gimple breaks down what fixed income investors need to know heading into the second half of 2025.

Dive into the recent events impacting fixed income markets with Douglas Gimple. Explore topics including the Fed, tariffs and inflation. (24 min podcast)

Explore insights from portfolio manager Arthur Cheng, CFA, on high-yield markets and their role in the Core Plus strategy. He also discusses what risks investors should be watching for and where opportunities might arise in today’s dynamic environment. DISCLOSURES The performance data quoted represents past performance and is not indicative of future results. The discussion of specific portfolio h...

Explore how tariffs and inflation are shaping 2025's market volatility. Hear from Douglas Gimple as he discusses fixed income strategies to manage risks and seize opportunities in an evolving market landscape. (23 min podcast)   The views expressed are those of the speakers as of March 2025 and are subject to change without notice. These opinions are not intended to be a forecast of future events,...

The Federal Reserve is navigating inflation, political pressures and shifting market expectations. Dive into how they are making data-driven decisions and what this means for fixed income investors. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and comm...

Henry Song, CFA, joined Bloomberg’s FICC Focus podcast to discuss his team’s approach to credit investing, the current market landscape, why a focus on securitized assets can be beneficial, and more. (60 min podcast) Click here for Diamond Hill’s most recent fixed income fund holdings. Acronyms referenced: Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), Collateralized...

From golden handcuffs to home equity innovations: Discover how today's unique housing market is reshaping fixed income opportunities. Join us for an insightful discussion on rate dynamics, securitization trends, and what's ahead for fixed income investors. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corp...

The Fed has made its first rate cut. What does it mean for fixed income markets? Listen to our latest podcast with Douglas Gimple as he breaks down the implications for mortgages, ABS, and investment opportunities. CMBS or commercial mortgage-backed securities are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate. OAS or opti...

Fed signals rate cuts ahead: What does it mean for fixed income? Explore Jackson Hole takeaways, market volatility, and investment opportunities in our latest podcast with fixed income expert Douglas Gimple. (24 min podcast) The views expressed are those of the speakers as of August 2024 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a...

In this episode of Understanding Edge, senior portfolio specialist Douglas Gimple discusses the latest from the fed. He also shares his current insight into the commercial real estate market, and why it may not be all bad. (21 min podcast)

From biotech's rebound to the next frontier for GLP-1 drugmakers, Chendhore Veerappan, PhD, CFA, our health care research analyst, delves into the trends and investment opportunities unfolding in this dynamic sector. Tune in to our latest podcast! As of 30 April 2024, Diamond Hill owned shares of Abbott Laboratories and Roche Holdings AG. SPDR® S&P® Biotech ETF seeks to provide investment resu...

In this episode of Understanding Edge, we discuss the Fed's recent meeting and the latest outlook on inflation and rates. We also explore the recent performance of various sectors within the fixed income market. Bonds rated AAA, AA, A and BBB are considered investment grade. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes...

Our director of research, Win Murray, discusses identifying investment talent, how a research team should operate, what makes a great analyst and more. (78 min podcast)   Diamond Hill’s total assets were $30.3 billion as of 29 February 2024 For Important information on Diamond Hill Funds, click here. The Diamond Hill Funds are distributed by Foreside Financial Services, LLC ( Member FINRA). The vi...

Senior Portfolio Specialist Douglas Gimple shares his insights on the fixed income markets. Tune in to hear about the latest from the Fed, market expectations, CMBS, and more. Bonds rated AAA, AA, A and BBB are considered investment grade. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agen...

Senior portfolio specialist Douglas Gimple discusses the market's ongoing desire to fight the Fed on rate cuts. Get insights into the latest from the FOMC, inflation and opportunities in fixed income in our podcast. Bonds rated AAA, AA, A and BBB are considered investment grade. ICE BofA AAA and BBB CMBS indexes measure the performance of US dollar denominated investment grade rated commercial mor...

Tune into our podcast with senior portfolio specialist Douglas Gimple, as he discusses the latest from the Fed, what drove the November fixed income rally, and opportunities that await investors heading into 2024.

In our recent podcast, we unpack the latest from the Fed, inflation outlook, interest rate forecast, and more. Discover historical context on tightening cycles and fixed income returns over 3 years post-hikes. Plus, a deep dive into risks, opportunities and attractive areas of the bond market.   Bonds rated AAA, AA, A and BBB are considered investment grade. Bloomberg US Aggregate Bond Index measu...

In our latest podcast, we discussed Fed policy, corporate bonds, and our #fixedincome market outlook with Douglas Gimple. Listen as we break down market dynamics, risks and areas of opportunity. (27 min podcast) Bonds rated AAA, AA, A and BBB are considered investment grade. Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. I...

Our international analysts recount learnings and insights from recent travels to Scandinavia, Canada, India and other destinations. Hear their first-hand experiences exploring local markets, researching investment prospects and meeting with management teams. (20 min) As of 31 August 2023, Diamond Hill owned shares of Canadian Natural Resources Ltd. The views expressed are those of Diamond Hill as...

Our international analysts shared their insights from recent research trips around the world. In this two-part series, they explore Japan, Scandinavia, Canada and India. In Part 1, we focus on Japan. As of 31 July 2023, Diamond Hill owned shares of Howden Joinery Group plc. The views expressed are those of Diamond Hill as of August 2023 and are subject to change without notice. These opinions are...