Category Archives: Peritus

Peritus in the News

Peritus was mentioned in the article, “This ETF is drilling for high yield,” by MarketWatch, October 30, 2014.

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Investing by Duration

It was hard to ignore the call in the fixed income space for “short duration” investing over the last couple years. Duration is a measure of interest rate sensitivity (the percentage change in the price of a bond for a …

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Peritus in the News

Peritus was mentioned in the article “One Country EM Bond ETF Investors Need to Watch” by Todd Shriber of ETF Trends, October 21, 2014.

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Revisiting “Hedged” High Yield

We have written in the past about some of the concerns we had the with “hedged high yield” strategy (see our blog), whereby investors go long high yield bonds and short Treasuries (or Treasury futures).   As we noted in our …

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Why High Yield, Why Now

Here are some of the reasons we believe that the high yield bond market looks attractive at current levels: MODERATE RISK:  With default being the primary risk for high yield bonds and bank loan investing, we see no systemic default …

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Market Conditions and Investment Strategy

Markets are funny beasts. Efficient? Perhaps. Manic? Always. What has been going on since everyone came back from the beach is quite simple: risk off. There has been a quiet but vicious downdraft in both credit and small cap equities …

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High Yield Market Technicals

It has been a long quiet period in credit but volatility has returned with a vengeance. I have had an opportunity to discuss this with a number of our institutional clients in recent days, but there are a few factors …

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Oil Market Dynamics

Oil is down the most in 22 months today. Brent Crude fell more on the day than West Texas Intermediate (WTI) and it primarily comes back to the unexpected supply increases out of Libya (being at the highest level in …

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A Look at Concerns Impacting the High Yield Market

Be it interest rate concerns or talk of a bond bubble, the high yield market has faced a step back over the past couple weeks. We’ve addressed the interest rate concerns at length—see our piece “Strategies for Investing in a …

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Duration-Based Investing: Yield Matters

It would be hard to have missed the call in the fixed income space for “short duration” products over the last year.  Duration is a measure of interest rate sensitivity (the percentage change in the price of a bond for …

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