CrossingBridge Insights

CrossingBridge Insights is our opportunity to share our thoughts on interesting trends and data points through our Quarterly Commentaries, Market Observations, and random musings. We hope you enjoy and we welcome your feedback.

Q1 2020 Commentary - Going Viral

The economy was essentially “switched off” in unprecedented fashion. A significant portion of small and large businesses has been virtually closed with their revenues reduced to practically nothing. With the country locked down under “shelter in...

Apr 28, 2020

Q4 2019 Commentary - Active Patience

General consensus indicates “clear skies ahead” for 2020.  Nonetheless, the Leading Economic Indicators (“LEIs”) are decidedly mixed. In this environment, we are certain that selective opportunities will arise as we pursue active patience.

Feb 03, 2020

Q3 2019 Commentary - Being There (Reprised)

We do not have a strong view on whether economic growth will continue or a recession is imminent. Many investors are also uncertain. Hence, we are seeing a widening disparity in credit quality, which requires a fixed income investor to be...

Oct 21, 2019

Q2 2019 Commentary - Rise of the Living Dead

Zombies! Coming to a fixed income portfolio near you! They eat your capital to survive! “Zombie companies”[1] were defined in a recent Bank for International Settlements (“BIS”) study[2] as non-financial companies that are over 10 years old and that...

Jul 29, 2019

Blurred Lines | Leveraged Loans vs. High Yield Bonds

Historically, leveraged loans have been considered higher quality and more secure investments than their junk bond counterparts due to their collateral, covenant protection, and seniority in the capital structure. In fact, this premise was initially...

May 28, 2019

CBLDX Q1 2019 Commentary - Responsive or Reactive?

Responsive or Reactive? A distinction with a difference: Responsiveness is mindful action whereas reactive behavior is driven by natural instincts.  To counter the market downdraft in 4Q18, Fed Chairman Jerome Powell, on January 4, 2019, declared...

Apr 24, 2019

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