We have reduced the fund's credit exposures in favor of income - oriented strategies on the front end of the curve as well as mortgages and securitized assets, which we believe should continue to experience strong demand as we are still in a low
yield environment relative to historical norms.
Not exact matches
An
environment of rising rates impacts the
relative attractiveness of holding assets like gold because the metal provides no
yield.
While these observations suggest that liquidity conditions may have deteriorated
relative to those in 2005 - 06, most observers agree that bid - ask spreads at the time had been unduly narrow owing to market participants» search for
yield in the run - up to the crisis (BIS (2005)-RRB-- an
environment bearing some similarities with current conditions (BIS (2014)-RRB-.
These stocks generally offer competitive
yield and upside potential through capital appreciation, and they have historically delivered attractive performance in rising rate
environments relative to the highest
yielding stocks.
We know that pre-k programs
yield large benefits when they replace an
environment of
relative deprivation.
U.S. municipal bonds, whether tax - free or taxable, offer incremental
yield relative to the negative or near zero
yield environments seen in the Eurozone and Japan.
These stocks generally offer competitive
yield and upside potential through capital appreciation, and they have historically delivered attractive performance in rising rate
environments relative to the highest
yielding stocks.
Historical analysis of municipal bond behavior
relative to U.S. Treasuries in rising rate
environments points to potential opportunity for attractive tax - exempt
yields without the volatility commonly associated with Treasuries.
It would seem that investors are perhaps chasing
yield in the current extremely low -
yield environment, but not other measures of
relative value.
This pattern of
relative performance may be linked to improved bank profitability in a high or rising interest rate
environment and the desire of investors to own REITs for
yield purposes in a falling or low rate
environment.