Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high-net-worth investors.

Commentary

Things Couldn’t Be Better

The COVID Delta Variant’s Looming Threat to Risk Assets.

Commentary

A Better Way to Pay for Infrastructure Investments

A revival of the Obama-era Build America Bonds would raise funds with less taxes.

Commentary

Still No Reason to Panic About Inflation

June’s Consumer Price Index (CPI) again surprised to the upside, adding fuel to headline-writers’ panic about inflation spikes and market speculation that the Federal Reserve (Fed) will need to act soon to rein in prices.

Commentary

The Fed's Strategic Play: Closing the Chapter on Its Credit Facilities

Examining the Fed’s announcement to sell its SMCCF holdings.

Commentary

Inflation Is Spiking, But You Only Reopen the Economy Once

The spike in core CPI is a one-time adjustment as the economy reopens.

Commentary

In the Recovery Phase of the Credit Cycle

Strong earnings growth, low default volumes, upward rating migration, and tighter spreads in the recovery phase of the credit cycle.

Commentary

The Coming Disinflation

Supply chain disruptions may be a near-term challenge, but base effects will slow inflation next year.

Webinar

Staying on Offense with Fixed Income

Get insight into the current macroeconomic environment and its implications for markets. This informative session will explore why Guggenheim believes the markets’ inflation concerns are overdone, how the Fed’s new framework virtually ensures several years of rates at zero, why investors should own duration and why a strong economy also bodes well for credit. Thoughts on the opening year of the Biden administration and the continuing impact of the COVID-19 pandemic will also be given.

Commentary

Don’t Mistake Rapid Jobs Gains for a Strong Labor Market

Despite a strong March 2021 jobs report, full employment remains far away.

Commentary

Don’t Look Now, But Bond Seasonality Is Turning Bullish

The summer months tend to deliver stronger-than-average returns for bonds.

Commentary

A Successful Green New Deal Will Need Private Partners

A Green New Deal should not be viewed as a big government program, but as an opportunity to reinvent vast swaths of the U.S. economy while pursuing the laudable goal of carbon neutrality

Commentary

The Fed’s Mixed Messaging on the Yield Curve

Fed Chair Jay Powell is giving conflicting guidance to bond investors.

Commentary

Staying on Offense: Fixed-Income Outlook

Even as credit spreads have narrowed, further value remains.

Commentary

A Drunk Man in the Snow: The Random Walk of Interest Rates

Investors’ reach for yield puts downward pressure on 10-year Treasury rates, likely rendering the current yield unsustainable.

Commentary

High-Yield and Bank Loan Outlook - First Quarter 2021

Our positive 2021 economic outlook, combined with better-than-expected company fundamentals, supports strong credit performance and spreads.