Author Archives: Heather Rupp

Time to Go Active

Earlier this week we saw one of the major financial publications feature an article about how active management has outperformed passive management so far in 2015. While their article and data focused on equity funds, we believe that the same …

Posted in Peritus

Rates and Returns, 2013 versus 2015

Given the recent move in Treasury yields, with the 10-year U.S. Treasury yield up over 30bps in just the last 30 days, the concern about interest rate risk is heating up again.  As we have written about in the past, …

Posted in Peritus

A Look at High Yield Bond and Equity Valuations

There has been talk in the media recently about high yield being overvalued at current levels. However, we feel that historical metrics indicate that we are nowhere near a point of overvaluation; rather, there is still value to be had …

Posted in Peritus

High Yield in a Rising Rate Environment

Posted in Peritus

High Yield Bond Investing: The Opportunity in Volatility

Posted in Peritus

Interest Rates and Bonds

So at long last we know whether the word “patient” stays or goes: it’s gone and Treasury yields have actually declined as a result. So far this year we have seen rates go from a 2015 low of 1.19% on …

Posted in Peritus

The State of Global Energy Markets

Posted in Peritus

The High Yield Default Outlook

We see default risk as the most prominent risk for credit investors.  As we look forward, a benign default environment is projected over the next few years.1 Broadly speaking, this projection does make sense to us.  Some of the triggers …

Posted in Peritus

Today’s Floating Rate Loan Market

Together the high yield bond and floating rate bank loan market total over $3 trillion.1 This has evolved into a significant, and growing asset class. With high yield bonds and loans now representing about 30% of corporate credit2, this market …

Posted in Peritus

High Yield in a Rising Rate Environment: Duration and Yield

We began February with a yield on the 10-year Treasury of 1.68% and today sit at 2.14%.1 All the concerns and talk of maybe even no rate rise this year that we saw in January, have turned to frequent mention …

Posted in Peritus