Since the Feb. 24 invasion of Ukraine by Russia, the West has moved forward with a series of severe sanctions aimed to exact an economic toll on Russia in order to force Moscow to stop the invasion. These sanctions will … Read More

For full-year 2021, Agency MBS gross issuance was a record $3.5 trillion, a 9% year-over-year (YoY) increase, and net issuance was $880 billion.2 (Figure 1) Low mortgage rates and strong home price appreciation (HPA) contributed to record-high purchase and refinancing … Read More

The lowest rated blue-chip corporate bonds are attractive, given fatter yields and less downgrade risk than higher-quality debt, according to Monica Erickson at DoubleLine Capital. “Companies learned a lesson in 2022 that being investment-grade is a significant advantage,” said Erickson, … Read More

The objective of the DoubleLine Real Estate and Income Strategy is to outperform the Dow Jones U.S. Select REIT Total Return Index over a full market cycle. The strategy combines two differentiated sources of return: the DigitalBridge Fundamental U.S. Real … Read More

The commercial mortgage loan (CML) asset class has continued to evolve and prove itself through time as market cycles and falling yields have contributed to the evolution and prevalence of CML investments within investment portfolios. Traditionally an investment product dominated … Read More

The DoubleLine Total Return Tactical Strategy seeks to maximize total return over a full market cycle by actively investing across global fixed income sectors. The strategy normally maintains a shorter duration and higher yield than its benchmark, the Bloomberg Barclays … Read More

Unconstrained bond funds generally fall into a broad category of fixed income strategies that defy the neat categorization investors have come to expect from the investment fund landscape. Morningstar defines the unconstrained category as funds that use both tactical duration … Read More

Nontraditional fixed income sectors aided investors, and traditional fixed income sectors did little to blunt the effects of rising interest rates on fixed income portfolios in 2021, a year in which the Bloomberg US Aggregate Bond Index (the “Agg”) returned … Read More

We believe opportunities will remain throughout 2022 to generate alpha in securitized credit. While we expect fundamentals to be strong across U.S. consumer-related securitizations and leveraged loans, the combination of heavy supply and uncertainty around inflation, monetary policy, and the … Read More

DoubleLine Portfolio Manager Ken Shinoda discusses home prices and the housing market in this article reprint originally run by Barron’s on December 29, 2022. External link to Barron’s website, click here