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Posts from the ‘Principal Global Fixed Income’ category

Weathering the Market Volatility Storm; Clear Skies on the Horizon for High Yield



Since the beginning of June, high yield spreads have widened by over 150 basis points (bps). The energy sector is trading above 1,000 bps, blowing past the December wides. And, although the rest of the high yield sectors have held up, no sector has been immune to market volatility. In light of…

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Puerto Rico Defaults



This week, the downward spiral has been put in motion as Puerto Rico halted deposits into the fund that pays its general-obligation and one of its agencies defaulted for the first time. The missed $58 million bond payment is a fraction of the U.S. Commonwealth’s $72 billion debt. Investors should…

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