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Em Volatility Highlights Need for Different Thinking
by Kathleen Gaffney, Henry Peabody of Eaton Vance, 10/16/18

To refresh, the new playbook refers to strategies that we believe can prosper in the environment we expect of higher inflation and interest rates, dollar weakness and increased volatility.

Rising Inflation Is Part of the New Bond-Investing Playbook
by Kathleen Gaffney of Eaton Vance, 8/6/18

The decade after the financial crisis has been marked by low inflation and investment spending, lagging income growth and a strong U.S. dollar. We expect these trends to reverse direction and potentially surprise investors who aren't prepared.

Despite Pullback, the Case for Em Bonds Remains Strong
by Kathleen Gaffney of Eaton Vance, 7/6/18

Investor sentiment on emerging markets has swung negative in recent weeks on concerns over tariffs, trade, global growth and a resurgent U.S. dollar. However, we believe the long-term case for emerging markets (EM) in bond portfolios is still strong -- especially if you know where to look.

It's Time to Throw out the Old Bond-Investing Playbook
by Kathleen Gaffney of Eaton Vance, 6/18/18

Recent posts from the diversified fixed income team have discussed how bond investors should be prepared to navigate a market that may look very different from what they've grown used to. In other words, it might be time to reassess the old bond-investing playbook.

Stronger Global Growth and Inflation Set the Stage for Bond Market Volatility
by Kathleen Gaffney, Henry Peabody of Eaton Vance, 5/18/17

In this Q&A, Kathleen Gaffney and Henry Peabody share their outlooks for the bond market and the impact of stronger global growth, and how they seek to position the Multisector Income strategy.

Stay Patient Against the Consensus Trade of 2015
by Kathleen Gaffney and Matt Hildebrandt of Eaton Vance, 4/21/15
When making moves that are against a crowded trade, does it pay to be a patient, opportunistic income investor?

The Bond Market in 2015: Mind the (Price) Gaps
by Kathleen Gaffney of Eaton Vance, 2/11/15
In this insight, Kathleen reviews her outlook for the bond market and explains how a multi sector bond approach could turn rate hike volatility into opportunity for patient investors.

Volatility and Uncertainty in the Energy Market
by Kathleen Gaffney of Eaton Vance, 1/13/15
What?s causing the decline in oil prices? Kathleen Gaffney, co-director of investment-grade fixed income weighs in.

Three Reasons Why Commodity-Related Debt May Hold Value Under Pressure
by Kathleen Gaffney of Eaton Vance, 11/10/14
In this timely Insight, Kathleen Gaffney discusses how a flexible multisector bond strategy can be a great way to gain exposure to, and take advantage of, potential value opportunities in hard-hit commodity related debt.

It’s Time for Your Portfolio to Break from Tradition
by Kathleen Gaffney, Kevin Dachille of Eaton Vance, 9/22/14
Given the current low-yield environment and with rising interest rates looming, now may be the right time to consider new strategies for generating favorable returns in your fixed-income portfolio.

Unloved Emerging Markets May Hold Value for Opportunistic Bond Investors
by Kathleen Gaffney of Eaton Vance, 4/22/14
· Emerging markets have come under pressure over the past year due to the Federal Reserve tapering its asset purchases and increased expectations of higher interest rates in the U.S. · We think investors should consider emerging markets to find opportunities that may provide a yield advantage and diversification away from U.S. interest-rate risk. · A multisector approach that uses bottom-up, fundamental credit analysis may be helpful in finding opportunities in emerging markets.

Solving the Income Puzzle
by Christopher Remington, Michael Cirami, Kathleen Gaffney, Scott Page of Eaton Vance, 11/25/13
Income needs may be as high as they’ve ever been, while the yield potential from many traditional investment classes has dwindled to generational lows. Investors who remain in high-priced, low-yielding core bond strategies could experience loss of principal (and mounting retirement shortfalls) if interest rates revert toward their mean. We advocate creating an integrated, multi-pronged income plan that may offer yield potential that meets investor needs, while managing key risks found in the typical core fixed-income allocation.

The Global High Yield Opportunity
by Matt Eagan, Kathleen Gaffney and Elaine Stokes of Loomis, Sayles & Co., 11/28/11
The shifting characteristics of US, European, Asian and emerging markets high yield assets have contributed to an expanding opportunity set. This has prompted many institutional investors to broaden their high yield investment guidelines, often giving portfolio managers the ?exibility to include exposures to these markets within one portfolio. The days of silo investing, in which non-US investors sought exposure to US high yield and emerging market debt through separate mandates, may be giving way to an era of sector allocation driven by investors.

Not all Bonds are Created Equal
by Dan Fuss, Kathleen Gaffney, Matthew Eagan & Elaine Stokes of Loomis, Sayles & Co., 4/15/11
It has become the question of the day: If interest rates are heading higher, shouldn?t I bail out of bonds altogether? While we anticipate rates will rise, we don?t believe abandoning bonds would be prudent for most investors. Bonds can play an important role in investor portfolios by providing income potential plus diversification. In this piece, we describe why we think rates may be biased higher in coming years and how our portfolio strategies may adjust to the new environment.

An Investment Strategy for a Market in Transition
by Dan Fuss, Kathleen Gaffney, Matt Eagan and Elaine Stokes of Loomis, Sayles & Co., 8/19/10
The world is entering a period of rising interest rates on a secular basis. While inflation is not a concern in the near term, the seeds of inflation are likely being planted now, even though it could take quite some time for them to overcome powerful disinflationary forces at work today. If anything, the recent events in Europe and the deceleration of global growth suggest interest rates could remain low for longer than anticipated. The economy will likely grow at a disappointingly meager pace, but it will grow nonetheless.

Multisector Strategies in a Rising Rate Environment
by Dan Fuss, Kathleen Gaffney, Matt Eagan and Elaine Stokes of Loomis, Sayles & Co., 3/30/10
For three decades, the prevailing direction for interest rates was down. This made life easy for bond investors, since principal held up well and even grew for the most part. The cost of these falling rates, however, was steadily lower coupons. One of the best defenses against this reinvestment risk is to maintain a long duration in a bond portfolio with good call protection. The good news is that reinvestment risk appears to be waning as declining interest rates possibly prepare to reverse, and this could create potential for better yields.
16 results found.