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First Principles Quarterly - Summer 2018


compass on rope coil

We are pleased to share the Summer 2018 edition of First Principles Quarterly.

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

For the Summer edition, we cover topics including, but not limited to: economic and personnel considerations regarding the FOMC’s resolve in maintaining rate hiking trajectory; where municipal bond market volatility has gone and what could bring it back; the market’s focus on the dollar and respective implications for rates; contributors and prospects for future inflation prints; the impact of rising rates on hybrid ARMs; what has actually transpired in the wake of the recent repatriation tax holiday; retail credit card ABS ability to perform despite defaults; and where we expect to find value in coming months.

We invite your comments and questions.

View the First Principles Quarterly - Summer 2018