The Big Picture by John Fekete: Finding Value in Fixed Income When Rates Rise

May 2021 – John Fekete, Crescent Capital’s Head of Tradeable Credit, discusses the state of the U.S. economy and the outlook for debt markets.

Credit has been resilient in 2021. Since the beginning of the year interest rates have risen and spreads have tightened. Investors have been comfortable reaching for yield in a world of accelerating growth and dovish Fed policy. As job growth slows and inflation accelerates how should investors be positioned within fixed income?

Read the full commentary here.