Monthly Archives: May 2017

The Demographic Impact on the Fixed Income Market

We see demographics as an important factor when considering interest rates and the fixed income market.  We are in the midst of a significant global shift in demographics as the baby boom population ages.  As we look out over the …

Posted in Peritus

Understanding Risk in High Yield Bonds: A Look at Volatility

The high yield market, also known as the “junk bond market” seems to be considered by many to be a risky and volatile, niche market.  The reality is that there are nearly $2 trillion US dollar, non-investment grade bonds globally.1 …

Posted in Peritus

The Middle Ground

We are hearing concerns from some about valuations within the high yield market.  Spread levels are one way we assess value within this market and current spread levels are below historical medians and averages.1 We believe this makes sense given …

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The Pillars of the Peritus Strategy

Currently 23% of the domestic high yield bond market trades at a yield-to-worst under 4%.1  So on nearly a quarter of the market, investors are currently making what they might traditionally expect from investment grade debt.  This is exactly why …

Posted in Peritus