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Commentary

RidgeWorth Insights: Investment Grade Fixed Income

The fourth quarter saw the surprising win by Donald Trump in the presidential election, which wrested the market’s attention away from central bank policy...

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Municipal Market Update: Tax Reform And Munis

The Trump election is clearly a potential paradigm shift for the U.S. economy and asset markets, and until there is greater clarity surrounding budget and policy priorities in the coming weeks and months, market volatility will likely...

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RidgeWorth Insights: Leveraged Loan and High Yield

The year-long rally in the leveraged loan and high yield markets was briefly interrupted in November by Donald Trump’s surprise victory in the U.S. presidential election. But after posting negative returns in November...

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Municipal Market Update: Volatility Returns & Happy Holidays

We began 2016 with the 10yr AAA MMD rate at 1.87%, on June 26th it bottomed out at 1.29%, and then peaked at 2.58% on December 1st. The election sparked the price plunge and retail investor selling of tax exempt mutual funds...

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Seix Quarterly Review

Can Trump Make Bonds Great Again?

Mind-numbing may be a bit dramatic, but the third quarter proved to be less chaotic in the capital markets...

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Municipal Market Update: The Election And Munis

The Republican Party was a clear winner on November 8th by taking the White House, maintaining control of Congress, and now leading the governorship of 33 states (the most in 94 years). Exhibit 1 below shows the significant decline in Democrats...

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Municipal Market Update: End Of The Bull Run For Munis?

After a strong run of 14 straight consecutive months of positive returns, tax exempt bonds generated their first negative returns (-0.50%) in September. The central bank also recently indicated that the case for tightening monetary policy has...

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RidgeWorth Insights: Leveraged Loan and High Yield Market Review

The leveraged loan and high yield markets posted strong returns in the third quarter, as central banks’ assurances of liquidity in the wake of the Brexit vote gave rise to a “risk-on” environment.

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RidgeWorth Insights: Tax-Exempt Fixed Income

Returns in the municipal bond market were driven largely by technical factors, with two consecutive months of record supply...

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RidgeWorth Insights: Investment Grade Fixed Income

In the third quarter, financial markets once again took their cue from central banks, but signs emerged that markets and policymakers are beginning to question...

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Municipal Market Update: Munis and the 2016 Presidential Election

We are now less than two months away from the 2016 U.S. election. Because of the dependence of municipal bonds on their tax-exempt status, potential changes in tax policy are a political risk that could have a significant impact on muni yields...

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Municipal Market Update: Pension Crisis

U.S. public pension investment returns for fiscal year 2016, which ended on June 30th, are currently being released, and the largest funds have posted returns well below target. Negative headlines surrounding state and cities’ underfunded pension plans now appear almost daily...

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Seix Quarterly Review

The Fog of War, Monetary Policy Edition

This has been an unusual year thus far in many respects. From the economy, to domestic politics...

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Our Perspective - Municipal Market Update

Municipal green bond issuance has increased significantly over the past three years since Massachusetts became the first state to offer tax exempt bonds designated as ‘green’ in 2013. While only a small part of the municipal market, at over $10.8bn in...

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RidgeWorth Insights: Leveraged Loan and High Yield Market Review

Despite a brief pause in the wake of the United Kingdom’s vote to leave the European Union, otherwise known as Brexit, leveraged finance posted the best returns in years.

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RidgeWorth Insights: Investment Grade Fixed Income Market Review

The second quarter came to a close with British voters choosing to leave the EU in a closely divided referendum...

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RidgeWorth Insights: Tax-Exempt Fixed Income Market Review

The municipal bond market turned in a strong performance during the second quarter, as robust inflows once again outpaced net supply...

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