Stephen Fitzsimmons discusses how the market was caught flat-footed by last week’s CPI data that was below expectations and markets rallied as a result.  

• Inflation data was announced as having been below expectations across the board.
• Meanwhile, retail sales showed material signs of cooling. 
• Interest rates and stocks rallied hard.

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There are significant reasons why we believe

bullishness in fixed income is still warranted.

Senior portfolio Manager Tim Leary discusses why public investment grade and high yield is attractive once again.

• It’s time to give public large, liquid, publicly traded corporate bonds a closer look in this low default environment.
• Yields are up, inflation has retreated, and the Fed is nearly done raising rates.
• You haven’t missed your opportunity to profit from the current environment.

In this week’s episode, hear Andrzej Skiba describe how a few economic data points and softer language from Chair Powell helped move yields back closer to 4.5%.

• Concerns about over supply and peak rates have receded. 
• We would argue that risks are balanced.
• While the Fed may decide to raise rates again in December, we do see evidence of a slowdown.

With so much clouding the investment picture at the moment, Tim Leary, BlueBay Senior Portfolio Manager at RBC GAM, goes off the beaten path to discuss an interesting corner of the market in the episode of The Weekly Fix.

With short-term rates holding many attributes in the current environment, Stephen Fitzsimmons, BlueBay Institutional Portfolio Manager at RBC GAM, discusses how to enhance your portfolio with current coupon Agency mortgage-backed securities on today’s episode of The Weekly Fix. 

In today’s episode of The Weekly Fix, Tim Leary, BlueBay Senior Portfolio Manager, acknowledges the importance of the rise of geopolitical risk. And while that macro narrative continues to garner headlines, earnings season has kicked off. Four of the eight largest US banks have reported, and the numbers have come in better than expected. Time will tell, but financials seem to have the situation under control.

In today’s episode of The Weekly Fix, Tim Leary, Senior Portfolio Manager, BlueBay US Fixed Income, discusses the impact of geopolitical risk, the likelihood of additional rate hikes, the macro backdrop for the 3Q earnings season and what it all means for the market. 

In this episode of The Weekly Fix, Andrzej Skiba, Head of BlueBay US Fixed

Income, discusses the potential impact of the FOMC meeting on fixed income

assets, emphasizing the attractive carry return, and suggesting that investors

with a medium-term horizon should capitalize on the opportunity. Skiba also expresses

skepticism about the Fed's optimistic scenario.

On today’s episode of The Weekly Fix, Stephen Fitzsimmons, BlueBay Institutional Portfolio Manager at RBC GAM, discusses the elevated economic data and new issue flows, and the market reactions to these dynamics. He notes the recent CPI data showed inflation remaining stubborn with not much of a reaction from the market to the news as it looks to this week’s FOMC meeting for direction on rates. Meanwhile, we’ve experienced a significant supply of new issuance of investment grade and high yield bonds.

While recently visiting with clients and prospects in Chicago, Tim Leary, BlueBay Senior Portfolio Manager, was able to get a strong sense of how investors are feeling about the current state of the market, and he shares those insights in today’s episode of The Weekly Fix.