Category: Insights
Shareholder Letter – March 2019
CLICK HERE to read the most recent Shareholder Letter from Bruce Monrad.
Prior letters can be found below:
NTHEX Chairman Letter Dated Sept 2018
NTHEX – Chairman Letter March 2018
NTHEX – Chairman Letter Sept 2017
What’s at Stake for High Yield?
Portfolio Manager Bruce Monrad discusses how the growing trade war between the U.S. and China could impact bond investors generally and high yield specifically.
Managing for Income – and Risk
Bruce Monrad explains why Northeast Investors Trust wont “reach for yield” – but adds how the fund takes advantage of opportunities that present themselves in today’s low-rate environment.
Macro and Micro Risks
Bruce Monrad highlights some of the geo-political headwinds that pose a threat to the economy here:
Bruce also discusses how investors should approach distressed corporate situations, like Pacific Gas and Electric, here:
A Look Back and a Look Ahead
In his Quarterly Commentary, Bruce Monrad explains what happened to the markets and the Trust in the fourth quarter — what’s in store down the road.
Which Tea Leaves Should You Read?
High yield bonds and Treasuries are sending conflicting messages about the health of the economy and chances of a recession. Click below to hear which economic indicator Bruce Monrad trusts more.
Bruce Monrad on Bloomberg’s BayState Business Hour
Bruce Monrad joins Bloomberg Radio Boston to discuss bond markets, prospects of a recession, and the Fed’s playbook.
Listen here, Bruce’s appearance is first.
CIO magazine looks at the simmering rivalry between China and India, and which one has the best chance to achieve long-term economic dominance.
Fort the full article please click here (membership required, free)
Bruce Monrad visits Something More With Chris Boyd
Bruce Monrad sits down with Chris Boyd to discuss the financial markets.
7:52 – Bruce joins Chris, challenges of analyzing the High Yield markets
10:17 – A big picture, macro view of the economy.
13:00 – Indicators, Housing, Auto, the Rhine River
15:22 – Consumer/Business Confidence, Employment
16:50 – Tail Risks: Trade Wars, Brexit, Sovereign Debt
19:00 – Government Shutdown
20:40 – Trade War Impact
25:55 – Government Deficit, National Debt
37:00 – Credit Markets Update
40:00 – Yield Curve, Inversion
42:00 – BBB Ratings Downgrades, Potential Opportunities