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First Principles Quarterly - Fall 2017

10.30.2017

compass on rope coil

We are pleased to share the Fall 2017 edition of First Principles Quarterly. 

First Principles Quarterly (FPQ) captures our portfolio management team’s insights across fixed income markets. 

For the Fall edition, we cover topics including, but not limited to: anticipated market effects due to potential FOMC composition and policy; implications of the Fed balance sheet unwind – both explicit and implicit; the “mystery” surrounding inflation - causes of continued weakness and what can be expected moving forward; muni market dynamics contributing to short, volatile moves in certain credits; the impacts of Hurricanes Harvey and Irma on mortgage-backed securities; why exactly investors are seeing divergent auto price index movements; and where we expect to find value in coming months. 


We invite your comments and questions.

View the First Principles Quarterly - Fall 2017