Fixed Income Returns and Yields – December 2020

2020, for better or worse, will be a year to remember. The COVID-19 pandemic brought unprecedented changes across global markets through extremely accommodative monetary policies and fiscal support that dwarfed relief packages enacted during the Global Financial Crisis, likely having … Read More

Investors can diversify their traditional long-duration corporate credit exposure by allocating to long-duration securitized assets including Agency MBS, Agency collateralized mortgage obligations (CMOs) and Agency commercial mortgagebacked securities. These asset classes have historically exhibited spread over U.S. Treasuries, favorable liquidity … Read More

Popular ERISA safe harbor features expose DC participants to increased levels of risk and retirement income insecurity.

DoubleLine’s investment team follows a mandate that tries to avoid taking risks that historically have led to catastrophic principal losses. In fact, the name … Read More

The year 2020, and the decade leading up to it, have led to some interesting reversals in U.S. corporate credit, including irregularities across the investment grade (IG), high yield and bank loan markets. What is the state of play? Investment … Read More

While of recent invention, the catch phrase “Smart Beta” represents an extension or evolution of “quantitative investment” techniques of decades-old lineage. The revolutionary movement lies in Smart Beta’s democratization of these techniques and making them transparent to investors.

By way of … Read More

DoubleLine has partnered with Professor Robert Shiller to create an equity offering. Can you describe the motivation for the strategy and how the DoubleLine Shiller Enhanced CAPE® Strategy enhances DoubleLine’s current suite of products?
First off, CAPE® stands for Cyclically Adjusted … Read More

If launched, central bank digital currencies (CBDCs), as I have recently warned, will put at risk the independence of monetary policy and what little is left of fiscal discipline within their borders of circulation. Central banks are not stopping at … Read More

Fixed Income Returns and Yields – through September 2020

Over the past decade, central banks have added to their policy toolkit such practices as quantitative easing (QE) and, in Europe and Japan, negative interest rates. Formerly viewed as unconventional, these tools are now seen as necessary, even conventional, methods … Read More