◀ The Principal Blog

Fed Said Higher Rates Ahead – How Will Bonds Respond?



Quite the first Federal Open Market Committee (FOMC) meeting for Fed Chair Yellen (her preferred title)! What was expected to be a do-no-harm, uneventful (and frankly boring) augural FOMC meeting to kick off her tenure quickly turned into a free-for-all at the front end (1-5 years) of the interest…

Read more

Navigating Macro Headwinds While Searching for Yield – A Capital Structure Approach



You walk into work one morning, fill up your coffee cup, turn on your computer, and click over to your favorite news site. In an instant, you see there’s rioting in the streets of Istanbul. Argentina’s currency is in a freefall. The Federal Reserve has hiked interest rates unexpectedly, while…

Read more

Recent