We expect volatility, along with a potential rise in UK sovereign yields and strengthening of the pound.

Financial media and investors have been focusing on the BBB segment of the U.S. investment grade (IG) corporate bond market this year. Careful credit selection and active portfolio management are crucial to managing risks and seeking returns in this large market segment.

Asian exporters could get hit.

While divided governments have generally been decent for markets, we think a defensive portfolio posture is prudent.

While we caution against extrapolating Q3 weakness in quarters ahead, we see troubling patterns in Italy.

From an investor’s perspective, the most important takeaway from the midterm elections is that trade policy risk will likely continue unabated no matter the outcome.

As U.S. taxpayers think about positioning their portfolios, we see three key reasons why the tax-exempt municipal market may be attractive late in the cycle.

For now, markets are giving Bolsonaro the benefit of the doubt

Our latest Cyclical Outlook highlights the macro trends and market developments that underpin our outlook for 2019: slower growth, but likely no recession.

While trade policy has dominated headlines, we believe investors should focus on the collapse of Western Canadian Select (WCS) oil prices relative to global benchmarks, which represents the biggest exogenous risk to the Canadian economy.

A variety of factors will likely limit the scope for rates to rise significantly.