Countering the Recession Narrative
Portfolio Manager Bruce Monrad makes a counterpoint to some of the mainstream ideas stoking recession fears in today’s markets.
Category: Insights
Credit Market Update
Portfolio manager Bruce Monrad recaps recent credit market developments and why a “Higher For Longer” scenario will continue.
Good(s) News in 2024?
For the first time in 16 months, the ISM Manufacturing Purchasing Managers Index (PMI) is back in expansionary territory. Hear how a rebound in goods could boost GDP and how that’s good news for High Yield.
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A Softer Landing?
The Fed’s upgraded economic growth estimates for 2024 signal a significant shift, prompting discussions on the trajectory of monetary policy. Join the conversation with Bruce Monrad, Chairman and PM of Northeast Investors on the implications of these changes and the potential for further adjustments in interest rates going forward.
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2024 Credit Markets Outlook
After the recent drop in yields, Bruce Monrad discusses how the market may have overreacted and how this could create relative value for the high yield bond market heading into 2024.
Revisiting High Yield
Bill Hortz, founder of the financial services-focused Institute of Innovation Development, sat with portfolio managers Bruce Monrad and Chapin Mechem to discuss the evolution of the high yield bond market, today’s biggest challenges and what lies ahead.
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Where are the Lags?
The data dependent Fed is waiting for signs of policy lags, but is there a chance that they’ve already hit? Bruce Monrad explains why he thinks the majority of the impact of rising rates is already baked into markets.
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High Yield Spreads: The Chicken or the Egg
High Yield spreads are currently running below their historical highs, but that doesn’t necessarily mean that they have to widen. Portfolio manager Bruce Monrad explains how high yield spreads are sometimes both a result and target of monetary policy.
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Term Premium Makes A Comeback
Bruce Monrad, Chairman and Portfolio Manager of Northeast Investors Trust, sheds some light on the resurgence of the Term Premium and how it influences the bond market landscape.
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A Surge In Attractiveness
As interest rates surge, with the 10-year Treasury bond’s yield hitting a 16-year high at 4.8% and high yield market yields exceeding 9.0%, it’s time for a closer look at what this means for investors going forward.
