As we begin a new quarter, chaos is building in the capital markets with the fixed income markets hit particularly hard. The Fed waited too long to lift rates to counteract the worst inflation in decades and now must contend with the impact of their tardiness. Lifting interest rates is the right thing to be doing, but is the desperate pace we’re seeing necessary and beneficial? We think not.
Convertible Bond 2022 Review and 2023 Outlook
The S&P 500 Index, along with most other market indices, rose during the first day