Debt ceiling drama. Bill curve dislocation. Fed in holding pattern.

Laurie Mount, Portfolio Manager on the BlueBay US Fixed Income team, breaks down the latest on debt ceiling negotiations and explains how the shrinking supply of Treasury bills is creating distortions in the bill curve, noting yields on some maturities topping 4.3%.

With record cash in money market funds and the Fed expected to stay patient, Laurie shares how she’s managing risk while staying liquid and flexible in an evolving rate environment.

Tight spreads. Strong demand. What gives?

Neil Sun, Portfolio Manager on the BlueBay U.S. Fixed Income team, explains why Investment Grade credit is attracting yield-hungry investors despite spreads returning to their tighter range. He also highlights where sector dispersion is creating value and why active, selective positioning is essential in today’s market.

It’s a bond buyer’s market, if you know where to look.

Is the U.S. housing market cooling, or just normalizing?

Eric Hathaway, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, unpacks the latest housing data, including the first national home price decline in over two years, and shares what it means for market participants.

Despite affordability challenges and slower sales, mortgage-backed securities remain resilient, backed by healthy consumer balance sheets and historically low loan losses.

Tim Leary, senior portfolio manager on the BlueBay U.S. Fixed Income team, unpacks the tension between soaring defense spending, expanding social programs, and ballooning deficits. While some worry about the dollar’s status and long-term fiscal sustainability, Tim highlights why today’s bond market is offering real, risk-adjusted yield opportunities.

Moody’s just stripped the U.S. of its last remaining Aaa credit rating. But what does it actually mean for markets? Jeff D’Auria shares why the downgrade to Aa1 shouldn’t come as a surprise and, despite symbolic headlines, fundamentals and positioning tell a more nuanced story.

With technicals strong and institutional demand holding steady, the bigger story may be how yield curve dynamics evolve amid ongoing policy uncertainty.

Trade headlines, tariffs, and central bank caution – this week brought no shortage of market-moving news. Laurie Mount, Portfolio Manager on the BlueBay US Fixed Income team, breaks down the latest:

• A new U.S.-UK trade deal (with more to come)
• A 90-day tariff pause with China
• The Fed’s “wait-and-see” approach amid rising inflation and employment risks

With April CPI and retail data on deck, markets are watching closely.

It’s one of the riskiest trades hiding in plain sight: the Treasury basis trade.

In today’s episode of The Weekly Fix, Neil Sun, Portfolio Manager on the BlueBay US Fixed Income team, unpacks the Treasury basis trade and how it works, why it’s grown to a $600B+ behemoth, and what could go wrong. In a market built on leverage, even small cracks can cause big waves.

Neil explains why regulators are watching closely, and what investors should monitor going forward.

After a volatile start to April, High Yield markets are regaining momentum. Peter Keenan, Senior Trader on the BlueBay US Fixed Income team, discusses the rally off post-Liberation Day lows, what new issue performance tells us about investor demand, and why liquidity in the secondary market remains strong.

With earnings season in full swing and Treasury yields swinging, Peter shares why patience and a sharp eye for quality remain key for credit investors right now.

Tim Leary, Senior Portfolio Manager on the BlueBay US Fixed Income team, puts it plainly: the market expected a tariff hammer and got a bulldozer.

President Trump’s aggressive trade measures are shaking global markets, driving volatility in commodities, pressuring corporate margins, and prompting boardrooms to reassess guidance. But amid the noise, Tim highlights a resilient U.S. economy and a liquid, high-quality high yield market that’s presenting new opportunities for investors willing to adapt. The playbook from 2024 won’t work in 2025. It’s time for a new approach

In a high-rate, high-volatility environment, floating rate loans still offer opportunity—if you know where to look. Madison Pozzi, Assistant Portfolio Manager & Trader on the BlueBay US Fixed Income team, explains how tariffs, supply chain surprises, and ETF selling are reshaping market dynamics—and why active management matters more than ever.