Guggenheim Macro Markets Episode 69: Investing for Insurance Companies: Prepare for the Worst and Expect the Best
Jamie Crapanzano of our insurance portfolio management team and Ann Bryant of our insurance strategy team join Macro Markets to discuss issues and trends in fixed-income markets—those that apply to all investors as well as those that are specific to the industry.
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Second Quarter 2025 Fixed-Income Sector Views
Relative value across the fixed-income market.
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Attractive Opportunities in Credit Despite Fiscal Policy Volatility
Anne Walsh, CIO of Guggenheim Partners Investment Management, talks to Bloomberg TV at the Milken Institute Global Conference about trade, tariffs, taxes, and the future direction of monetary policy.
Changing the Correlation Assumptions in the Risk-Based Capital Calculation
The NAIC is considering a major overhaul of the required capital calculation. Planning begins now for life and annuity companies.
Macro Markets Podcast Episode 68: Private Debt Update: Don’t Shy Away from Volatility
Joe McCurdy and Rusty Parks join Macro Markets to review the drivers of value in the $1.7 trillion private debt market and how today’s market uncertainty can lead to investment opportunities.
Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Private debt investments are generally considered illiquid and not quoted on any exchange; thus they are difficult to value. The process of valuing investments for which reliable market quotations are not available is based on inherent uncertainties and may not be accurate. Further, the level of discretion used by an investment manager to value private debt securities could lead to conflicts of interest.
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