Steve Brown, Chief Investment Officer for Fixed Income, joins Macro Markets to discuss portfolio strategy and our outlook following the  U.S. election and the Fed’s most recent rate cut. Related Content: 4Q24 High Yield and Bank Loan Outlook Effects of rate cuts on high yield bonds may be mixed. 3Q24 Quarterly Macro Themes Research spotlight on what’s next. Companies with Access to Capital are Doing Well…and That is Where We Are Investing Anne Walsh, CIO of Guggenheim Partners Investment...

Where can investors find attractive yield while mitigating risk in the current environment? Karthik Narayanan, Head of Structured Credit, joins Macro Markets to discuss what makes the sector an important component of our actively managed fixed-income portfolios and where we are finding value now. 4Q24 High Yield and Bank Loan Outlook Effects of rate cuts on high yield bonds may be mixed. Read High Yield and Bank Loan Outlook 3Q24 Quarterly Macro Themes Research spotlight on what’s...

Tad Nygren, Head of Governments and Agencies, joins the podcast to offer insights on the market’s reaction to the Fed’s recent rate cut, economic data releases, and what may come next. Related Content: 4Q24 High Yield and Bank Loan Outlook Effects of rate cuts on high yield bonds may be mixed. High Yield and Bank Loan Outlook 3Q24 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes Higher Quality Fixed Income is ‘the Place to Be’ Anne Walsh, CIO of...

U.S. Economist Matt Bush and Investment Strategist Maria Giraldo discuss the macro and market implications of the Fed’s decision to cut interest rates. They also provide commentary on the latest issue of Quarterly Macro Themes. Related Content: 3Q24 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes 3Q24 High Yield and Bank Loan Outlook Relatively low distress ratios suggest manageable default rates down the road. High Yield and Bank Loan Outlook Higher...

Patricia Zobel, Head of Macroeconomic Research and Market Strategy, updates our outlook following the strong market response to the July FOMC decision and jobs report. She also draws from her experience with the Fed’s System Open Market Account, one of its most critical operating functions, to share insights on the Fed’s balance sheet management. Related Content: 3Q24 High Yield and Bank Loan Outlook Relatively low distress ratios suggest manageable default rates down the road. High Yield...

Allen Li, Head of our Municipal Bond Sector Team, reviews trends, opportunities, and idiosyncratic risk in municipal bonds. And U.S. Economist Matt Bush discusses the implications of the soft June CPI release. Related Content: 2Q24 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes 2Q24 Fixed-Income Sector Views Balancing attractive yields and tight spreads. Read Fixed-Income Sector Views The Economic Cycle Isn’t Dead, Merely Delayed…And That’s Good for...

Sporting historically attractive yields and relatively healthy credit fundamentals, high yield bonds offer a compelling entry point. Dan Montegari, Head of Research for our Corporate Credit team, and John Walsh, Head of High Yield Trading, discuss credit spreads, default rates, market technicals, and other factors driving their team’s constructive views on risk and opportunity in leveraged credit. Related Content: 2Q24 High Yield and Bank Loan Outlook A time for nimble credit selection. Read...

It’s been 10 months since the Fed’s last rate hike, and Evan Serdensky, Portfolio Manager on our Total Return team, and Matt Bush, our U.S. Economist, join Macro Markets to discuss what’s next for the economy and markets. Related Insights: The Economic Cycle Isn’t Dead, Merely Delayed…And That’s Good for Bonds Navigating an economic cycle where old patterns don’t seem to apply. Read CIO Commentary “This Is a Good Time for Credit” Anne Walsh, CIO of Guggenheim Partners Investment...

Jamie Crapanzano, a member of our insurance portfolio management team, joins the podcast to discuss the distinctive aspects of fixed-income management for insurance companies and provide an update on bond market relative value. Related Insights: 1Q24 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes 2024 Election Uncertainty Could Drive Fixed-Income Outperformance Rising economic policy and geopolitical uncertainty may favor higher quality fixed income in...

Matt Bush, Guggenheim Investments’ U.S. Economist, and Maria Giraldo, Investment Strategist, join the Macro Markets podcast to discuss our newly published Quarterly Macro Themes for 1Q 2024 and provide an update to our baseline views on the economy. Related Insights: 1Q24 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes 2024 Election Uncertainty Could Drive Fixed-Income Outperformance Rising economic policy and geopolitical uncertainty may favor higher...

Private debt is one of the fastest growing sectors in the capital markets, and perhaps one of the most misunderstood. Joe McCurdy, Head of Origination on our Private Debt team, joins Macro Markets to explain how the sector has grown to be a robust capital option to banks, broadly syndicated loans, and bonds. Tune in (or read the transcript!) for his take on the investment opportunity and risks right now and his outlook for the sector. Related Content: 1Q24 Fixed-Income Sector Views Investing...

Justin Takata, Head of our Investment-Grade Sector Team, and Maria Giraldo, Investment Strategist, provide technical and fundamental analysis of the sector, as well as where they are seeing risk and opportunity. We also answer listener mail. Related Content: 1Q24 Fixed-Income Sector Views Investing as the Fed prepares to cut rates. Read Fixed-Income Sector Views Learning from Turning Points in Monetary Policy The case for moving into higher quality fixed income (and out of money markets and...

Karthik Narayanan, Head of Structured Credit for Guggenheim Investments, and Danny Gibbs, a portfolio manager on our Total Return team, join Macro Markets to give an overview of the structured credit market. Related Insights: Learning from Turning Points in Monetary Policy The case for moving into higher-quality fixed income (and out of money markets and equities) while the Fed is paused and a head of coming rate cuts. Read Portfolio Strategy Commentary 1Q24 High-Yield and Bank Loan...

Evan Serdensky, Portfolio Manager on our Total Return team, and Matt Bush, our U.S. Economist, join Macro Markets to discuss the latest FOMC meeting and the January jobs report, update our monetary policy outlook, and review relative value in the fixed-income market. Related Insights: Learning from Turning Points in Monetary Policy The case for moving into higher-quality fixed income (and out of money markets and equities) while the Fed is paused and a head of coming rate cuts. Read...

Matt Bush, Guggenheim Investments’ U.S. Economist, and Maria Giraldo, Investment Strategist, join the Macro Markets podcast to discuss our top 11 Macro Themes likely to shape monetary policy and investment performance this year. Related Insights: 11 Macro Themes for 2024 11 trends that will shape credit markets in 2024. Read 11 Macro Themes Policy Conditions Are Tighter Than They Appear Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joins CNBC to...

Anne Walsh, CIO for Guggenheim Partners Investment Management, joins Macro Markets to discuss opportunities and risks in what promises to be an eventful 2024. A weakening economy, pivoting monetary policy, volatile geopolitics, and a presidential election form the backdrop that is tailor-made for active fixed-income management. Related Content: Policy Positions Are Tighter Than They Appear Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joins CNBC to...

Maria Giraldo, Investment Strategist, discusses the performance of the corporate credit sector this year and the rationale for our cautiously optimistic outlook for 2024. Related Insights: 4Q23 Fixed-Income Sector Views Consistent strategy through volatility. Read Fixed-Income Sector Views 4Q23 High-Yield and Bank Loan Outlook Credit challenges to come as the economy slows. Read High-Yield and Bank Loan Outlook 3Q23 Quarterly Macro Themes Research spotlight on what’s next. Read...

Adam Bloch, Portfolio Manager on our Total Return team, and Matt Bush, Guggenheim Investments' U.S. Economist, update our economic and market outlook following the November meeting of the Federal Open Market Committee and the latest employment report. Related Insights: 4Q23 High-Yield and Bank Loan Outlook Credit challenges to come as the economy slows. Read High-Yield and Bank Loan Outlook 3Q23 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro...

Steve Brown, Chief Investment Officer for Total Return and Macro Strategies, discusses the portfolio strategy implications of the evolving geopolitical, economic, and policy landscape. He shares how active management allocation decisions within a long-term investment outlook are designed to avoid risk and identify opportunity in this period of heightened volatility and uncertainty. Related Insights: 3Q23 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro...

U.S. Economist Matt Bush, Investment Strategist Maria Giraldo, Investment Strategist Chris Squillante, and Economist Jerry Cai join Macro Markets to discuss the second issue of Quarterly Macro Themes, which takes a deep dive into issues helping shape our baseline economic views. Related Insights: 3Q23 Quarterly Macro Themes Research spotlight on what’s next. Read Quarterly Macro Themes 3Q23 Fixed-Income Sector Views Technical tailwinds support the market. Read Fixed-Income Sector...

Jenny Marler, Head of Guggenheim Real Estate, provides insight into the $21 trillion commercial real estate market, a critical asset class for the economy. Performance has varied for each of the principal sectors, but the office sector, beset by tepid post-pandemic back-to-work trends, high mortgage rates, and capital rationing, is struggling. She discusses monitoring and managing risk and where she is seeing value in the sector. Related Insights: 3Q23 Fixed-Income Sector Views Technical...

Matt Bush, Guggenheim Investments U.S. Economist, and Evan Serdensky, Portfolio Manager on our Total Return team, share their updated outlook following some recent surprises in the economic data. They discuss the likelihood of a soft landing, the possible path of monetary policy, market dynamics, and investment strategy and positioning. Related Insights: Use This ‘Goldilocks Market’ to Prepare for Its Eventual End The Fed is not done. Read Commentary 3Q23 High-Yield and Bank Loan...

Karthik Narayanan, Head of Structured Credit for Guggenheim Investments, and Tom Nash, a director on our Commercial Mortgage-Backed Securities (CMBS) sector team, join Macro Markets to discuss drivers of performance, current conditions in real estate, and where they are finding value in CMBS and in other types of structured credit. Related Insights: 3Q23 High-Yield and Bank Loan Outlook Appealing yields and cautious markets. Read High-Yield and Bank Loan Outlook 2Q23 Quarterly Macro Themes A...

Matt Bush, US Economist; Maria Giraldo, Investment Strategist; and Paul Dozier, Economist, join Macro Markets to discuss the first issue of our newest Thought Leadership publication, Quarterly Macro Themes. We also answer listener mail. Related Insights: 2Q23 Quarterly Macro Themes A new quarterly publication from our Macroeconomic and Investment Research Group, spotlights critical and timely areas of research and updates our baseline views on the economy. Read Quarterly Macro Themes Fixed...