The Weekly Fix

In this episode of The Weekly Fix, Andrzej Skiba, Head of BlueBay US Fixed Income, discusses the potential impact of the FOMC meeting on fixed income assets, emphasizing the attractive carry return, and suggesting that investors with a medium-term horizon should capitalize on the opportunity. Skiba also expresses skepticism about the Fed's optimistic scenario.

On today’s episode of The Weekly Fix, Stephen Fitzsimmons, BlueBay Institutional Portfolio Manager at RBC GAM, discusses the elevated economic data and new issue flows, and the market reactions to these dynamics. He notes the recent CPI data showed inflation remaining stubborn with not much of a reaction from the market to the news as it looks to this week’s FOMC meeting for direction on rates. Me...

While recently visiting with clients and prospects in Chicago, Tim Leary, BlueBay Senior Portfolio Manager, was able to get a strong sense of how investors are feeling about the current state of the market, and he shares those insights in today’s episode of The Weekly Fix. 

Tim Leary, BlueBay Senior Portfolio Manager, provides a summary of recent economic events. At the Jackson Hole Economic Symposium, Fed Chairman Powell made it clear the decision on future rate changes will be data-dependent. The focus remains on containing inflation towards the long-term goal of 2%. In the meantime, political rhetoric surrounding monetary and fiscal policies is heating up, while t...

 In today’s episode of The Weekly Fix, Andrzej Skiba, Head of BlueBay US Fixed Income at RBC GAM, discusses the upcoming economic symposium in Jackson Hole. Policymakers will be discussing a range of issues, but no major policy changes are expected to be announced. Yields continue to rise as investors react to positive economic data, but Skiba believes that growth data will moderate, and infl...

In the latest episode of The Weekly Fix, Andrzej Skiba, Head of BlueBay US Fixed Income at RBC GAM, discusses the current market trends. While inflation has moderated, economic growth remains strong, and we aren’t yet approaching the Fed’s 2% inflation target. But there is a lag to policy shifts and tighter lending standards, so we wait for more data to steer market direction. Meanwhile, we contin...

In today’s episode of The Weekly Fix, Ajeet Atwal, Portfolio Manager, BlueBay US Fixed Income at RBC GAM, discusses the impact of improved market sentiment on the collateralized loan obligation (CLO) market. Earlier this year, a pullback by CLO buyers caused spreads to widen out, but the buyers have come back as conventional wisdom moves towards a no recession scenario. Spreads have come in, but C...

In this episode of The Weekly Fix, Tim Leary, Senior Portfolio Manager of Leveraged Finance, BlueBay US Fixed Income, reflects on the Fed no longer forecasting a recession, and how the backdrop to support that sentiment is conducive for credit markets. 

In this episode of The Weekly Fix, Charlie Whinery, BlueBay Portfolio Manager of Leveraged Finance at RBC GAM, reflects on the previous week's earnings season and credit market activity. He notes that while earnings are still contracting, they are doing so at a slower pace than expected. Looking ahead, the focus will be on the Fed’s rate decision. However, instead of discussing that, Whinery shift...

In today’s episode of The Weekly Fix, Tim Leary, BlueBay Senior PM of Leveraged Finance at RBC GAM, looks at the new inflation data, which offered some of the most hopeful news since the Fed began trying to tame rising prices 16 months ago. Short term rates remain elevated, and the yield curve is inverted, but higher rates with little duration risk can’t last. In Leary’s view, high yield bond...

In this episode of The Weekly Fix, Tim Leary, BlueBay Senior Portfolio Manager of Leveraged Finance at RBC GAM, discusses July market trends. The recent data releases have been mixed, but investors calculate that the economy is still too strong for the Fed’s liking, and that policymakers will raise rates again later this month. The US consumer continues to show strength in spending and, while infl...