Value Investing Amid a Turbulent Fixed Income Climate

View fixed income through a value investing lens and overlook short-term concerns to uncover opportunity.

November 7, 2023 Adam D. Abbas
Value Gap in US Equities Is Widening Again

A number of low price-to-earnings stocks are making it an attractive environment for US stock pickers, explains Bill Nygren, CIO-US at Harris Associates.

November 3, 2023 William C. Nygren
Investment Outlook: Loomis Sayles

While market performance suggests promising conditions, the Loomis Sayles team looks forward cautiously and likely towards a late credit cycle economy.

October 30, 2023
Triple Discount in International Equities

Significant value in international equity markets and why higher for longer interest rates should benefit European financials is explained by David Herro.

October 24, 2023 David G. Herro
Don’t Get Caught with Your Shorts Down

Learn why options-based approaches that sell volatility are less risky than shorting volatility as they generate income, eliminate leverage and limit loss.

October 17, 2023
Fixed Income Dashboard

The quarterly Fixed Income Dashboard provides key relative data points ranging from credit conditions and inflation trends to asset flows and yields.

October 16, 2023 Garrett Melson
Cruel September

Portfolio Manager Jack Janasiewicz examines seasonality patterns and the rise in bond yields, oil, and the dollar that weighed on risk assets in September.

October 13, 2023 Jack Janasiewicz
Corporate Bond Shortage on the Horizon?

Higher interest rates have changed supply, demand and spread dynamics for investment grade corporate bonds, particularly for longer duration issues.

October 4, 2023 Mark J. Cintolo
A Look Behind the Curtain – ETF Primary Markets

The behind-the-scenes workings of the primary market explains some unique advantages that ETFs can provide for investors.

September 29, 2023 Tyler A. Williams
Protection for Less

Investment strategies that combine equity market exposure with positive net cash flow may benefit from a new, higher rate environment.

September 19, 2023
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    Bullwhips and the Extrapolation Effect

    Portfolio Manager Jack Janasiewicz explains why extrapolating current market trends into the future based on the bullwhip effect may be misguided.

    September 15, 2023
    What’s Next for Europe’s Natural Gas Dilemma and Economy?

    Europe’s avoidance of an energy crisis in 2022, natural gas supply/demand, attractive valuations, and the investment opportunity in the region are analyzed.

    September 14, 2023 Matthias Nikaj
    Macro Insights: About That Recession…

    Portfolio strategists analyze macro storylines in the third quarter including growth, inflation, the strength of the US consumer, and the outlook for rates.

    September 12, 2023 Brian Hess - Jack Janasiewicz - Garrett Melson
    Value Investing in an Evolving World

    Wide price differentials in US equity markets today and lack of diversification in index funds favor value investors like Oakmark, explains Bill Nygren.

    August 28, 2023 William C. Nygren
    Revalidating the Case for Duration in Fixed Income Portfolios

    Three scenarios for where the yield curve may be at year-end 2024 and the advantages of adding duration to fixed income portfolios today is analyzed.

    August 21, 2023 Mark J. Cintolo
    Why Extend Duration: Total Return in Fixed Income

    What-if economic scenarios, the yield curve, and fixed income’s role in investor portfolios are part of this extending duration talk with PM Jack Janasiewicz.

    August 21, 2023 Jack Janasiewicz
    Recession Outlook: Going, Going, Gone

    Portfolio Manager Jack Janasiewicz discusses the shifting recession narrative, labor and inflation trends, and the Fed’s pathway to a soft landing.

    August 18, 2023 Jack Janasiewicz
    Longer Duration Driving Opportunity in Muni Bonds

    Loomis Sayles’ Dawn Mangerson explains significant Fed action, reduced supply, and strong demand leading to the first-ever municipal yield curve inversion.

    August 10, 2023 Dawn Daggy-Mangerson
    Time to Extend Duration with High-Quality Fixed Income

    Advantages of adding duration to fixed income portfolios in today’s interest rate environment are explained by Loomis Sayles’ Core Plus Bond Co-Manager.

    August 9, 2023 Peter W. Palfrey
    Market Catalysts: Made in the USA

    Portfolio Manager Jack Janasiewicz discusses potential market tailwinds, FOMO, a US capital spending boom, and prospects for a strong second half.

    July 17, 2023 Jack Janasiewicz
    3 Tips for Trading ETFs

    Trading ETFs can be different from buying and selling individual securities – here are three important tips to consider for ETF trading.

    July 10, 2023 Tyler A. Williams
    Midyear Outlook: Eve of Disruption?

    Portfolio strategists offer their take on investor misperceptions, inflation and the Fed’s pause, market tailwinds, and tactical allocation opportunities.

    Returns on Cash May Be Lower Than You Think

    While many investors are satisfied with current returns on money market funds and other short-term investments, this may not be the best strategy right now.

    June 27, 2023 Mark J. Cintolo
    Fixed Income Outlook: More Yield to Be Had?

    An interest rate reset, disciplined companies with low potential losses, duration views, opportunities, and risks are shared by our fixed income managers.

    June 26, 2023
    Outlook & Opportunities: Global Equities

    Diverse views on growth trends beyond AI, a recession, China, and where the value may be across global markets are offered by our equity managers.

    June 20, 2023
    Outlook: ETF Trends to Watch for in the Second Half of 2023

    Bonds vs. equities, active vs. passive, and options-related ETF activity… what ETF investment activity we expect to see for the rest of 2023.

    June 20, 2023 Nicholas J. Elward
    Bear Market Still in Hibernation

    Portfolio Manager Jack Janasiewicz offers his take on inflation, the Fed, labor trends, liquidity fears and narrow market breadth.

    June 15, 2023 Jack Janasiewicz
    Identifying Value in the Crossover Corporate Bonds Space

    Focusing on the area between investment grade and high yield corporate bonds can be advantageous, explains Loomis Sayles’ Fixed Income Manager Matt Eagan.

    May 24, 2023 Matthew J. Eagan
    Fixed Income Framework: Cyclicality vs. Inflation

    Framework shows how investors can adjust their bond holdings to align with their outlook for inflation, growth and recession scenarios.

    May 23, 2023 Mark J. Cintolo
    5 Viewpoints for Fixed Income Investing in Late Credit Cycle

    How Fed rate hikes, global commodity players, and late cycle market dynamics are factoring into portfolio decisions is shared by Fixed Income Manager Elaine Stokes.

    May 17, 2023 Elaine M. Stokes
    Shifting Winds – and Fed Pause, Not Pivot

    Portfolio Manager Jack Janasiewicz provides his take on the Fed’s May meeting, corporate earnings season, and some underappreciated economic tailwinds.

    May 11, 2023 Jack Janasiewicz
    Fixed Income Pulse: What You Need to Know

    Yield, duration, and diversification insight are shared by fixed income experts. Advisors’ sentiment from a recent pulse survey is also highlighted.

    Top 5 Financial Advisor Questions About ETFs

    Natixis experts sum up ETF benefits and attributes from best execution, tax efficiency, and liquidity to the creation/redemption process and more.

    April 17, 2023 Nicholas J. Elward
    Bank Failures and Narrative Whiplash

    Portfolio Manager Jack Janasiewicz offers his thoughts on the banking crisis, the Fed’s response, and where the markets and economy may go from here.

    April 12, 2023 Jack Janasiewicz
    Higher for How Much Longer?

    Portfolio strategists offer their take on the changing macro narrative in the first quarter, the banking crisis, and prospects for a soft or hard landing.

    How Fixed Income Asset Management Rises Above Interest Rates

    Loomis Sayles’ Brian Kennedy talks duration decisions, yield advantage, and the fixed income asset management choices his team is considering in 2023.

    March 24, 2023 Brian P. Kennedy
    Implications of Credit Suisse Takeover by UBS for Bond Investors

    Why UBS took over Credit Suisse, what AT1 bonds are, and how bond investors globally may be impacted are explained by Loomis Sayles Credit Research.

    March 23, 2023
    March 22 Fed Meeting Recap

    Portfolio Strategist Garrett Melson offers his analysis of the March 22 Fed meeting.

    March 23, 2023 Garrett Melson
    Can Confidence in the Financial System Be Restored?

    As central banks look to restore confidence in the financial system, chances of a full-blown recession and winners and losers of the crisis are analyzed.

    March 21, 2023 Jack Janasiewicz - Garrett Melson
    March Madness: Top Picks for Fixed Income Investing

    Which bond category has what it takes to outperform in the current landscape? Check out sector analysis and fixed income investing bracketology.

    March 20, 2023 Mark J. Cintolo
    Failing Banks: How Long and Disruptive Will It Be?

    Seven questions on the failing banks' potential economic impact, and Fed rate hikes are answered by Natixis portfolio strategists.

    March 20, 2023 Jack Janasiewicz - Garrett Melson
    Yield Opportunities Now in Fixed Income Markets

    With bond yields higher than they’ve been in years, Fixed Income Manager Matt Eagan discusses the opportunities he is pursuing in the fixed income markets.

    March 6, 2023 Matthew J. Eagan
    What’s Driving Bond Markets Today?

    Loomis Sayles’ Core Plus Bond Co-Manager delves into interest rate levels, global growth prospects and where yield opportunities may be in bond markets.

    February 17, 2023 Peter W. Palfrey
    Debt Ceiling: What Investors Need to Know

    From “extraordinary measures” to the likelihood of a government shutdown – everything you need to know about the debt ceiling.

    February 13, 2023 Jack Janasiewicz - Garrett Melson
    Looking Beyond High Yield Bonds for Higher Returns

    See how the higher interest rates of the past year have helped investment grade corporates and bank loans more than high yield bonds.

    February 6, 2023 Mark J. Cintolo
    Fixed Income Portfolios: Time to Build a Yield Advantage

    After a lengthy hiatus, yield is back, says Loomis Sayles Fixed Income Manager Brian Kennedy. He shares market dynamics and late cycle ideas for fixed income portfolios.

    January 30, 2023 Brian P. Kennedy
    ETF Ecosystem Shows Strength in Unstable 2022

    Factors behind the liquidity, stability, and overall strength of the ETF ecosystem in 2022’s volatile global market landscape are explained.

    December 21, 2022 Nicholas J. Elward
    Attractive Entry Point for International Equity Investing

    Value investing veteran David Herro sees valuations and undervalued currencies driving opportunity for international equity investors in 2023.

    December 21, 2022 David G. Herro
    Is Inflation Poised to Roll Over?

    Analysis of key inflation components including transportation, housing and health insurance shows areas where prices may be heading lower in the year ahead.

    December 9, 2022 Sean Kaukas
    Does the Data Cry Recession?

    While consensus opinion continues to say inflation is sticky, growth is slowing and recession is inevitable, the data may be telling a different story.

    December 2, 2022 Jack Janasiewicz - Garrett Melson
    What’s Ahead for Global Equities in 2023?

    Economic winds, US dollar strength making non-US assets more attractive, and sector standouts in global equities are covered by Vaughan Nelson’s CEO.

    November 30, 2022 Chris D. Wallis
    Is the Bond Market on the Mend?

    Why the bond market is becoming increasingly attractive is explained by Rick Raczkowski, Co-Manager of Loomis Sayles’ Core Plus Bond strategy.

    November 29, 2022
    7 Fixed Income Market Perspectives from Loomis Sayles

    Multisector Manager Elaine Stokes explores what structural changes, corporate health, and market illiquidity mean for fixed income markets.

    November 22, 2022
    What Factors Will Drive Fixed Income Markets in 2023?

    Three fixed income market experts share diverse views on Fed rate hikes, inflation, high yield’s liquidity issue, and value opportunities in 2023.

    How to Evaluate ETFs

    From a pure passive to fully active approach, investors may evaluate their ETF choices on various factors. Our ETF experts offer a quick primer.

    November 21, 2022 Tyler A. Williams
    Is the Market Looking Past Lowered Earnings Estimates?

    While they aren’t yet reflected in the broad Index, S&P 500® earnings expectations have been revised much lower since mid-year.

    November 16, 2022 David T. Reilly
    Economic Well-Being of US Consumers in Decline?

    While the market narrative points to excess consumer savings, survey data indicate a decline in US consumers’ economic well-being over the past year.

    October 13, 2022 Gregory V. Kanarian
    Positioning Portfolios for Fading Inflation

    As year-over-year inflation shows signs of peaking, investors may want to revisit portfolio allocations.

    October 7, 2022 Mark J. Cintolo - Sean Kaukas
    Why Active ETFs Matter During Volatile Times

    NYSE’s ETF Leaders series profiles Vaughan Nelson’s Dan Hughes on how a truly active approach aims to help clients navigate today’s challenging markets.

    September 15, 2022 Dan Hughes
    Bank Loan Basics: An Income Diversifier for All Times

    An introduction to bank loans and their benefits: seniority, security, floating interest rates, and diversification for the short or long term.

    March 4, 2022
    Welcome to the Meh Market

    After a first half run-up, our market strategists think rate cuts are already priced in, leaving little to get excited about in the second half of 2019.

    August 8, 2019 Dave Goodsell