Core Insights - The bond market is a more reliable indicator of economic health than the equity market, suggesting that investors should focus on fixed income opportunities like the Neuberger Berman Flexible Credit Income ETF (NBFC) as a potential investment for 2026 [1][2] - Credit spreads are currently tight, indicating a strong economy and low default rate expectations, which is favorable for corporate debt investments and specifically for NBFC [2][3] - The low corporate bond yields and spreads this year suggest that investors are confident in economic growth, which bodes well for ETFs like NBFC [4][5] Group 1: Economic Indicators - The bond market is a key area to assess economic health, with credit leading equity [1] - Tight credit spreads indicate a solid economic footing and low default rate expectations, which are beneficial for corporate debt investments [2][3] - Corporate bond yields reflect investor confidence in economic growth, as low spreads suggest companies are likely to meet their debt obligations [4][5] Group 2: Investment Opportunities - The Neuberger Berman Flexible Credit Income ETF (NBFC) has shown a 9% gain in 2025, making it an attractive option for fixed income investment in 2026 [1] - The ETF's 30-day SEC yield of 6.37% offers a compelling income opportunity while managing default risk [5] - As an actively managed ETF, NBFC can quickly adapt to spread-related opportunities, enhancing its investment appeal [2]

BlackRock Portfolio Manager of the Systemic Multi-Strategy Fund Jeff Rosenberg talks about the impact of the November US employment report on inflation and fixed income. He says markets reacted to the higher than expected unemployment rate. "If we look at November payrolls, 64,000 was pretty close to expectations and don't forget we will have another payroll number before the January meeting, that's going to make these other two much less important," he said on "Bloomberg Surveillance." ...

But I want to get to the broader markets. And we have a Fed meeting next week and there's a lot going on in rates as well. So let's bring in Rick Rieder.We have a ton of economic data coming out at the top of the hour, Rick. And normally we would have also jobs day to day. That's going to be pushed forward a couple of weeks or back, a couple of weeks, I should say.And this leads me to my my main question. Why would the Fed meet next week if they're not going to get the big jobs number out until after their ...

Core Insights - The article discusses the shift in investment strategy from cash to bonds, suggesting that bonds may offer better returns in the current rate-cutting environment [1][4] - Historical data indicates that during previous rate-cutting cycles, fixed income securities have outperformed cash, supporting the case for bonds [3][4] Bond Market Dynamics - In 2022, the Federal Reserve's aggressive rate hikes led to increased yields, prompting investors to flock to money market funds, which created opportunities for purchasing bonds at attractive prices [2] - As bonds approach maturity, their prices tend to rise, and with the Fed cutting rates, fixed income securities are expected to provide price appreciation alongside coupon payments, potentially exceeding declining money market yields [3][4] Active Management in ETFs - Active management is deemed essential in the current market due to the complexities of the bond market and the potential downward pressure on yields during a rate-cutting cycle [5][6] - Thornburg offers actively managed funds, such as the Thornburg Core Plus Bond ETF (TPLS) and the Thornburg Multi Sector Bond ETF (TMB), which aim to maximize income opportunities through high-quality bond portfolios and diverse fixed income assets [7][8]

"The central bank positioning, in terms of the Fed, the Bank of England, what the ECB have already done, is really underpinning valuations across equities and in fixed income," says ICE Futures Europe President Christopher Rhodes. He speaks with Kriti Gupta and Guy Johnson on Bloomberg's Opening Trade. ...

Take a much closer look at the alternative data sources, the private data sources, the alternative data that I mentioning there. We've had a lot of success scraping the wage inflation data or the wage posting data and extracting from it wage inflation measures. And one of the most important stories that I think everyone is aware of it when you came out of Covid, it was the bottom and that led the wage gains and that shifted.And we've been in a period where, you know, you guys have talked about it, the K-sha ...

Welcome back to Schwab Impact here at the Colorado Convention Center. Interest rates, they've been rising since Fed Chair Pal's more hawkish comments during last week's news conference. Kathy Jones is Schwab's chief fixed income strategist and joins us now.It's good to see you. >> Hi, Scott. >> What do you make of the back up in rates.>> You know, I think the market just got way over its skis and expectations for Fed easing. I'm not really sure why because the data weren't really that compelling. Um but now ...

Core Insights - Citadel Securities has initiated a partnership to process trades for small and mid-tier banks, aiming to enhance pricing on fixed-income securities [1] Group 1 - The partnership is designed to provide better pricing for fixed-income securities to small and mid-tier banks [1] - Jim Esposito, President of Citadel Securities, discussed this initiative on Bloomberg Television [1]

Group 1 - The Federal Reserve's decision to cut interest rates by 25 basis points is expected to influence the housing market by encouraging more buyers, which may lead to increased property prices [3][6]. - The individual mentioned in the letter has a stable financial situation with a monthly income of $6,000, consisting of various retirement accounts and Social Security, indicating a comfortable lifestyle [2][6]. - The impact of the Fed's rate cut is less significant for those on fixed incomes, as they do not rely on fluctuating interest rates for business operations or debt consolidation [6]. Group 2 - The letter highlights the broader economic context, including concerns about the slowing jobs market and the effects of tariffs on business costs and consumer prices [6]. - The rate cut is anticipated to positively affect the stock market, benefiting retirement accounts like IRAs, as Wall Street may respond favorably to the Fed's actions [6].

Core Insights - Alternative investments are gaining renewed interest from advisors and investors seeking options beyond equities and fixed income [1] Group 1 - The resurgence of alternative investments indicates a shift in investor preferences towards diversification [1] - Historical forms of alternative investments are being re-evaluated for their potential benefits in current market conditions [1]