Over the past 20 years, there has been a significant shift in the ratings composition of the investment grade corporate bond universe. Using the ICE Bank of America Merrill Lynch US Corporate Index (C0A0) as a representation of this universe, the number of securities has grown by about 150% from 3,378 members in December of […]
The second quarter was likely the low point for economic activity and the consensus forecast calls for a fairly strong rebound in activity in the current quarter and a slowing pace in improvement thereafter. However, the outlook remains uncertain, particularly amid ongoing US COVID-19 outbreaks. We believe the outlook for economic activity is largely dependent […]
We are excited to attend the Association of California Water Agencies Summer Virtual Conference. Our professionals look forward to seeing our clients, partners, and friends at live chats or web meetings. Please visit our virtual exhibit hall to participate in fun games. READ MORE
