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Fixed Income
July 2 2025
Markets/Economy .
Video

3 minute watch

Evolution of quant
July 2 2025

A brief history of quantitative investing.

July 2 2025
Fixed Income .
Article

3 minute read

Still more questions than answers but...
July 1 2025

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

June 13 2025
Markets/Economy .
Article

4 minute read

Muni credit solid as federal surplus shifts to shortage
June 12 2025

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

June 11 2025
Fixed Income .
Article

3 minute read

Can Argentina reboot its crisis-ridden economy?

June 11 2025

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

June 9 2025
Fixed Income .
Article

5 minute read

Fed may do little in this push-me-pull-you market
June 4 2025

Bond investors had plenty to consider during May as momentum shifted

May 28 2025
Markets/Economy .
Article

4 minute read

Tariffs on vehicles might supercharge auto ABS
May 29 2025

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

May 28 2025
Fixed Income .
Article

3 minute read

Yield volatility reflects a multitude of factors
May 28 2025

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

May 23 2025
Markets/Economy .
Article

7 minute read

Stocks and bonds going in different directions
May 23 2025

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

May 19 2025
Geopolitics .
Article

4 minute read

Oil prices stop making sense
May 16 2025

OPEC members are not on the same page

May 7 2025
Monetary Policy .
Article

3 minute read

Sticks and stones
May 8 2025

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

May 2 2025
Fixed Income .
Article

4 minute read

Bonds do their job during the first 100 days of uncertainty
May 2 2025

Many crosscurrents are affecting US rates

May 15 2025
Markets/Economy .
Article

3 minute read

The greenback is singing the blues
April 30 2025

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

April 21 2025
Fixed Income .
Article

3 minute read

Bank deregulation: Bondholder friend or foe?
April 22 2025

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

April 16 2025
Fixed Income .
Article

3 minute read

The seven minutes that shook markets
April 16 2025

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

April 15 2025
Fixed Income .
Article

3 minute read

The curious case of rising Treasury yields
April 15 2025

A number of factors are likely prompting the move

April 9 2025
Fixed Income .
Article

6 minute read

Did we mention there might be some volatility?
April 9 2025

Bonds display quiet strength as markets back away from risk.

April 4 2025
Markets/Economy .
Article

2 minute read

Avoiding the thorns
April 4 2025

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

April 4 2025
Markets/Economy .
Article

7 minute read

Labor market remains strong
April 4 2025

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

March 31 2025
Taxes .
Article

3 minute read

In the public interest
March 31 2025

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

February 20 2025
Markets/Economy .
Article

4 minute read

Emerging markets leaders drive fiscal policy improvements

February 19 2025

A number of countries are seeing positive ratings trends.  

February 12 2025
Interest Rates .
Article

3 minute read

What will it take?
February 13 2025

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

February 7 2025
Fixed Income .
Article

3 minute read

Gilt trip
February 7 2025

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

January 29 2025
Monetary Policy .
Article

2 minute read

No cut, and no comment
January 30 2025

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

January 22 2025
2025 Outlook .
Article

2 minute read

Mortgage-backed momentum
January 22 2025

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

January 9 2025
2025 Outlook .
Article

5 minute read

Volatility, velocity and vigilantes
January 14 2025

A variable order of events will influence bond markets

January 2 2025
2025 Outlook .
Article

2 minute read

Wait and see
January 7 2025

Three things to watch in 2025.

December 18 2024
2025 Outlook .
Article

2 minute read

Naming names
December 19 2024

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

December 19 2024
Monetary Policy .
Article

2 minute read

Weight of the White House
December 19 2024

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

December 11 2024
2025 Outlook .
Article

2 minute read

Is high yield 'priced to perfection?'
December 11 2024

Three things to watch in 2025

December 3 2024
2025 Outlook .
Article

5 minute read

Outlooks 2025: Fixed income and private equity November 27 2024

The themes that matter for the coming year.

November 22 2024
Monetary Policy .
Article

3 minute read

Chair Powell was vague, until he wasn't
November 8 2024

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

November 11 2024
Politics .
Article

2 minute read

Trump win gives Republicans strong mandate


November 6 2024

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

October 21 2024
Geopolitics .
Article

4 minute read

Positioning EMD ahead of the US election

October 21 2024

The implications for foreign policy could be far-reaching

October 16 2024
Markets/Economy .
Article

2 minute read

Auto loan market is shifting back to normal
October 16 2024

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

October 14 2024
Fixed Income .
Article

4 minute read

Rates never sleep
October 15 2024

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

October 10 2024
International/Global .
Article

4 minute read

Far from wild

October 10 2024

Frontier countries fuel emerging market debt

September 24 2024
Fixed Income .
Article

3 minute read

The return of total
September 24 2024

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

September 19 2024
Monetary Policy .
Article

3 minute read

A rate cut that makes you go hmmmm
September 19 2024

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

October 9 2024
Monetary Policy .
Article

2 minute read

First Fed cut is a slash
September 18 2024

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

September 12 2024
Fixed Income .
Infographic

2 minute read

ERISA turns fifty September 12 2024

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

September 4 2024
Fixed Income .
Article

4 minute read

School's in session
September 4 2024

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

September 4 2024
Fixed Income .
Article

3 minute read

The tax code might change, but not the role of muni bonds
September 4 2024

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

August 16 2024
Interest Rates .
Article

3 minute read

Don't count out the yield curve
August 19 2024

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

August 8 2024
Markets/Economy .
Article

3 minute read

Short-term markets during rate cuts
August 12 2024

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

August 7 2024
Fixed Income .
Video

2 minute watch

Don't compare apples to oranges
August 8 2024

More goes into the bond selection process than price.

August 7 2024
Fixed Income .
Article

3 minute read

Don't call it junk
August 7 2024

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

August 1 2024
Fixed Income .
Video

2 minute watch

Tax policy will be on the 2025 agenda
August 1 2024

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

July 24 2024
Fixed Income .
Video

3 minute watch

Tax cushion
July 25 2024

Municipal bonds are priced with tax protection in mind.

July 17 2024
Fixed Income .
Article

4 minute read

Who gets the keys for the policy road ahead?
July 18 2024

Markets are already pricing in potential November scenarios.

July 18 2024
Fixed Income .
Video

2 minute watch

Opportunity to lock it in
July 16 2024

Rates won’t be higher forever.

July 10 2024
Fixed Income .
Article

3 minute read

How you measure yield counts
July 10 2024

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

November 21 2024
Fixed Income .
Article

3 minute read

Bonds are back in the black!
December 5 2023

Three things to watch in 2024.

July 21 2023
Markets/Economy .
Article

3 minute read

Don't forget Mac and Mae
July 17 2023

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

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