That said, investors don't need to stay on the sidelines due to unpredictability and uncertainty. This is where an actively managed fund can benefit a portfolio. 2 Active Fixed Income Options As noted in the interview with Gómez-Bravo, systematic risks are a major concern for fixed income markets. Furthermore, there are idiosyncratic risks inherent in specific sub-sectors of the bond market. This makes an active management strategy a necessity. With that, MFS offers a pair of funds investors should consider ...

“Precision matters more than ever,” says fixed income ETF provider; points to opportunities in private credit, BB and CCC corporates, intermediate Treasuries and moreLARKSPUR, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- BondBloxx Investment Management, a provider of precision fixed income ETFs with over $6 billion in assets, today released its 2026 Fixed Income Market Outlook providing advisors and investors with insights and investment ideas for the year ahead. “With uncertainty and market volatility expecte ...

Core Insights - The MFS report highlights the tightening of credit spreads, with the Global Investment Grade index trading inside of 80 basis points as of September 30, 2025 [2] - Strong fundamentals in both domestic and global markets are noted, with the OBBBA potentially enhancing corporate stability and capital spending in the U.S. and favorable leverage conditions in Europe [3] - Investor demand is significantly outpacing supply, driven by an aging retail investor base and the derisking of corporate pension plans, while yields remain favorable, creating a positive risk profile for fixed income portfolios [4] Fixed Income Portfolio Strategy - The MFS Active Core Plus Bond ETF (MFSB) is suggested as a strong foundation for building a resilient fixed income portfolio [5] - MFSB employs a macro-aware, bottom-up approach to security selection, focusing on bonds with attractive fundamentals and valuations, particularly in credit markets [6] - The fund utilizes active management to seek additional yield through selective high-yield investments and aims to enhance value via sector tilts and quality allocations, achieving a 30-day SEC yield of 4.79% as of September 30, 2025 [7]

Group 1 - Davenport Asset Management Fixed Income team manages 5 models with oversight by the Investment Policy Committee (IPC) [1] - The team employs a dynamic approach to managing interest rate and credit risk with a conservative focus tailored to meet individual client needs [1] Group 2 - The information provided may contain forward-looking predictions subject to risks and uncertainties that could lead to actual results differing from those anticipated [1] - The data compiled is from sources believed to be reliable, but there is no guarantee of its accuracy or completeness [1]

Group 1 - The sentiment in the fixed income markets remains bullish, indicating a positive outlook for investments in this sector [2] - Issuance in the fixed income markets is robust, suggesting strong demand for new debt securities [2] - Spreads are tight, prompting a defensive investment strategy while seeking opportunistic investments [2]

Core Viewpoint - Benchmark remains optimistic about Strategy (MSTR) despite recent stock struggles, emphasizing the unique advantage of its bitcoin-linked perpetual preferred shares which provide permanent capital [1][3]. Group 1: Company Strategy - Executive Chairman Michael Saylor highlighted the strength of the company's 640,031 BTC treasury, which is over twelve times larger than the next largest corporate holder, as a key competitive advantage [2]. - The structure of the perpetual preferred shares mitigates refinancing risks associated with bitcoin price fluctuations, ensuring a stable capital base without diluting common equity [3]. Group 2: Market Potential - Benchmark anticipates the evolution of bitcoin-linked fixed income into a multi-hundred-billion-dollar market, positioning Strategy as a leading architect in this space [4]. - The broker's price target of $705 reflects projected bitcoin value and a 10x multiple on expected gains, alongside the company's software business outlook through 2026 [4]. Group 3: Recent Developments - The STRC offering in July raised $2.52 billion, marking it as the largest U.S. IPO of the year, indicating strong investor interest [3].

Market Overview - Digital Credit is positioned as a bridge connecting Bitcoin and the $300+ trillion fixed income market [1]

Digital Credit & Fixed Income Market - Digital Credit potentially offers higher returns for statistically lower risk compared to the $300+ trillion fixed income market [2] - Bitcoin treasury companies issuing Digital Credit may catalyze the integration of the $300+ trillion fixed income market into Bitcoin [3] - The fixed income market may need repricing, potentially leading to capital flow into Digital Credit [2] Bitcoin & Strategy's Preferred Equity - Even with a 0% CAGR for Bitcoin and high volatility, Strategy's preferred equity is significantly undervalued by the fixed income market [1] - Under more optimistic scenarios (30% CAGR and high volatility, or 0% CAGR and lower volatility), Strategy's preferred equity is even more mispriced [2] Market Implications - The integration of fixed income into Bitcoin has profound implications for Bitcoin's price and the global financial system [3]