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Peritus’ Blog

Read Peritus’ regular insights and commentaries on a variety of topics, from markets and the economy to specific industries.

Market Updates

See our daily and weekly updates on the high yield market.

Recent Writings

Of Elephants and Rates – January 2014

As we enter 2014, we see several themes.  The economic consensus appears to believe that the “recovery” is in the beginning stages and the global all clear sirens have sounded,  and that Fed tapering will lead to higher interest rates across the board.  While this interest rate move may happen in the short run, demographics, liability driven investing, and a lack of global growth may surprise everyone and take interest rates nowhere.  We see the high yield market as positioned well in the year ahead irrespective of rates and that in a trendless 2014, true active management in all asset classes will be required.  Click here to view our year-end piece, “Of Elephants and Rates.”

Strategies for Investing in a Rising Rate Environment – December 2013

With unemployment still elevated, very moderate global growth, minimal inflation, and the Fed explicitly clear in the message that tapering does not mean tightening, all the while extending their low interest rate policy for the next couple years, it is unclear that a rapid rise in rates is on the horizon, especially given the big move we have already seen. But for the sake of argument, let’s assume that rates do rise even further.  What does that mean for the high yield market and the various “strategies” out there to deal with rising rates?  Click here to read our recent piece.

  • Tim Gramatovich will be attending and participating in the Fixed Income Conference, as part of the panel, “Better Junk: The Outlook for High-Yield Bonds,” which is taking place November 5th at 11:20am.

  • There are a number of mixed signals and misconceptions in the financial markets today. Markets are hard to make sense of, but it is often during times of confusion when investors have the most to gain. We see abundant value in today’s high yield market for active, selective managers, but navigating this can be difficult with all the noise concerning this market right now. In order to better understand the high yield space, we look through a few of the headlines and fears driving the market, yet where the underlying circumstances don’t add up, and discuss the value we see in high yield bonds in our latest piece “Making Sense of Markets.”

  • Peritus’ Tim Gramatovich will be a guest on Business News Network today, September 17th, at 3pm ET to discuss the Fed’s decision on interest rates.

  • Tim Gramatovich, Peritus’ CIO, will be a guest on Business News Network today, July 31st, at 3pm ET.

  • Tim Gramatovich will be a guest on the Business News Network today, July 14, 2015, at 2pm ET.

  • Peritus’ Ron Heller and Rhondell Sawyer will be attending the INSITE™ 2015 conference in Orlando, Florida from June 3rd to the 5th. Be sure to visit them at booth #608 to learn more about Peritus’ strategy and products.

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