Insights

3 minute watch

A brief history of quantitative investing.

3 minute read

US hard data will likely weaken in coming months prompting a resumption of Fed easing.

4 minute read

Most municipalities used Covid stimulus wisely and are prepared for cuts in federal funding.

3 minute read

President Javier Milei’s severe austerity package has helped tame the country’s chronic inflation crisis.

5 minute read

Bond investors had plenty to consider during May as momentum shifted

4 minute read

What’s bad for building new cars is good for ABS tied to auto loans and leases.

3 minute read

Treasury yields have cheapened amid the tumult, creating a tactical opportunity.

7 minute read

Equity and fixed-income investors are responding differently to tariff and fiscal policy uncertainty.

4 minute read

OPEC members are not on the same page

3 minute read

For now, Trump is 'just' insulting Fed Chair Powell, as the Treasury market has pushed back. 

4 minute read

Many crosscurrents are affecting US rates

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But the US dollar's recent decline isn't a sign it will relinquish its status as the reserve currency. 

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Creditors must weigh the benefits and risks of Trump's push for looser rules.

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The sell-off and rebound don't mean investors can’t weather volatility.

3 minute read

A number of factors are likely prompting the move

6 minute read

Bonds display quiet strength as markets back away from risk.

2 minute read

The bond market is a rational voice amid the panic caused by Trump’s tariffs.

7 minute read

Calculated well before the tariff announcement, the US added a robust 228,000 jobs in March. 

3 minute read

Despite publicized debate, tax exemption of municipal bond interest is likely safe.

4 minute read

A number of countries are seeing positive ratings trends.  

3 minute read

Lowering the 10-year Treasury yield is more difficult than some think.   

3 minute read

Were the bond vigilantes behind the recent upheaval in UK government debt?

2 minute read

The Fed kept rates steady, and Chair Powell kept his distance from Trump.  

2 minute read

The factors that supported MBS last year are still in place.

5 minute read

A variable order of events will influence bond markets

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Three things to watch in 2025.

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A small number of people could have a large impact on the economy in 2025.

2 minute read

While it cut rates, uncertainty about Trump policies seem to give the Fed pause.

2 minute read

Three things to watch in 2025

5 minute read

The themes that matter for the coming year.

3 minute read

Powell rebuffed questions about the Fed's future, and his own, but his nebulous comments give the FOMC latitude.

2 minute read

Federated Hermes CIOs react to the U.S. election.

4 minute read

The implications for foreign policy could be far-reaching

2 minute read

Auto ABS delinquency and charge-off rates are rising, but fundamentals remain strong.

4 minute read

A strong quarter for bonds as a patient, diversified approach is rewarded

4 minute read

Frontier countries fuel emerging market debt

3 minute read

Fed easing means fixed-income investments should benefit from both factors of total return: price and income.

3 minute read

The data did not support the large cut, but the Fed did not want to seem behind the curve.

2 minute read

The Fed’s half-point rate cut shows it still thinks the economy can avoid a recession.

2 minute read

The Employee Retirement Income Security Act led to 401(k)s and IRAs.

4 minute read

The markets’ first test is Friday’s August jobs report.

3 minute read

The election likely will determine the fate of the Tax Cut and Jobs Act. 

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The predictive strength of the curve’s inversion has waned, but not disappeared.

3 minute read

As rate cuts are up for debate, focus on the impact on the short end of the yield curve.

2 minute watch

More goes into the bond selection process than price.

3 minute read

According to the major rating agencies, the high-yield market has migrated higher in quality in recent years.

2 minute watch

Congress’s choice to maintain or lapse the TCJA could impact munis.

3 minute watch

Municipal bonds are priced with tax protection in mind.

4 minute read

Markets are already pricing in potential November scenarios.

2 minute watch

Rates won’t be higher forever.

3 minute read

In fixed income, there’s quite a difference between current yield and yield-to-maturity.

3 minute read

Three things to watch in 2024.

3 minute read

MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.