Global private markets AUM totaled $13.1 trillion in 2023

https://inbest.cl/chileday_ny_toronto_2024/en/ppt/ChileDay%20-%20Private%20Market_Trends.pdf

Global Fixed Income

https://www.morganstanley.com/im/publication/insights/articles/article_thebeatjune2024.pdf?1717738440940

IG yield has been 5.5% for the past 12 months and HY yield has been 8%

https://www.apolloacademy.com/wp-content/uploads/2024/06/060524-Chart.pdf

Standard Bond Emission Framework

https://www2.deloitte.com/content/dam/Deloitte/fr/Documents/services-financiers/publications/deloitte_dlt-capital-markets-24.pdf

There is a record-high $6 trillion on the sidelines in money market funds

https://www.apolloacademy.com/wp-content/uploads/2024/05/053124-Chart.pdf

At current yield levels we believe that selective government bonds are attractively priced

https://www.wtwco.com/-/media/wtw/insights/2024/05/global-markets-overview-may-2024.pdf?modified=20240514152900

Foreigners have been buying more US credit after the Fed started lifting yield levels

https://www.apolloacademy.com/wp-content/uploads/2024/05/052624-Chart.pdf

Facts about public markets and private markets

https://www.apolloacademy.com/wp-content/uploads/2024/05/PublicMarketsAreASmallPartOfTheEconomy-051924_v2.pdf

75% of corporate lending comes from IG and bank lending

https://www.apolloacademy.com/wp-content/uploads/2024/05/051124-Chart.pdf

Asset Class Valuation Summary

https://nshe.nevada.edu/wp-content/uploads/file/BoardOfRegents/Agendas/2024/03-mar-mtgs/supp-mat/INV4sm.pdf

Dividend recaps coming back after the December Fed pivot

https://www.apolloacademy.com/wp-content/uploads/2024/05/050824-Chart.pdf

Market forecasts are almost always wrong about the future path of the Fed funds rate

https://www.apolloacademy.com/wp-content/uploads/2024/05/050724-Charts.pdf

Example Weekly Data Screen

https://cefadvisors.com/Download/CEFA-Pitchbook.pdf

Current Forecasts No Consensus

https://ca.rbcwealthmanagement.com/documents/169408/4138192/2024+Presentation.pdf/337ce74e-9adc-4883-a40c-4f412b082d61

Switzerland, Japan, Korea, and US have high domestic ownership of government bonds

https://www.apolloacademy.com/wp-content/uploads/2024/04/041424-Chart_v2.pdf

S&P 500 Price Appreciation and Dividends

https://www.dawsonwealth.com/files/1732/Capital%20Markets%20Review%20-%20April%202024%20%28Raymond%20James%20PowerPoint%29.pdf

US Yield-to-Worst

https://www.dawsonwealth.com/files/1732/Capital%20Markets%20Review%20-%20April%202024%20%28Raymond%20James%20PowerPoint%29.pdf

37% of fixed income funds are passive

https://apolloacademy.com/wp-content/uploads/2024/02/020424-Charts.pdf

Loans priced at par and above, by rating

https://apolloacademy.com/wp-content/uploads/2024/01/011724-Chart.pdf

2024 US Default Risk Landscape

https://www.creditbenchmark.com/wp-content/uploads/2024/01/2024-Default-Risk-Outlook-US-Industries-23Jan2024.pdf

U.S. Tech Sector Market Cap Relative to the Overall Market

https://www.visualcapitalist.com/wp-content/uploads/2024/01/GF24_Final-Export-01.pdf

S&P 500 is very expensive compared to international stocks

https://apolloacademy.com/wp-content/uploads/2024/01/011524-Chart.pdf

There is a record-high $6 trillion on the sidelines in money market funds

https://apolloacademy.com/wp-content/uploads/2024/01/011424-Chart.pdf

72% of stocks in S&P 500 have underperformed the index this year

https://apolloacademy.com/wp-content/uploads/2023/12/December262023-Chartv2.pdf

China is selling Treasuries and buying fewer mortgages and fewer non-US bonds

https://apolloacademy.com/wp-content/uploads/2023/12/China_Outlook_Dec_2023.pdf

Geopolitical Risk Dashboard

https://www.stifel.com/Newsletters/AdGraphics/InSight/Research_Brief/2023/November-2023.pdf

Trend decline in foreign ownership of US government bonds since 2015

https://apolloacademy.com/wp-content/uploads/2023/11/110623-Chart.pdf

Size of public and private markets

https://apolloacademy.com/wp-content/uploads/2023/11/PrivateMarkets110123_v2.pdf

Share of high yield bonds maturing within three years

https://apolloacademy.com/wp-content/uploads/2023/11/110223_Charts_v2.pdf

Bonds are Back

https://www.brownadvisory.com/sites/default/files/2023-10/20230930_TheBigPicture.pdf

Most managers' excess returns have been consistent in the long run

https://apsec.com/site-content/monitor/CLOutlook.pdf

High rates and slowing economy creating opportunities for credit investors

https://d1e00ek4ebabms.cloudfront.net/production/uploaded-files/CreditMarketOutlookJuly2023-41962b10-fe31-44ea-a917-4433e26d1470.pdf

Corporate Bond Market Update

https://www.morganstanley.com/im/publication/insights/articles/article_monthlymarketmonitor_july23.pdf?1688969877796

HY sectors showing dispersion in outlook

https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/product-presentation/presentation-jpmcb-corporate-high-yield-fund.pdf

Muni yields are compelling, but expensive versus taxables

https://www.truist.com/content/dam/truist-bank/us/en/documents/article/wealth/insights/2023/market-navigator-june-2023.pdf

EM hard currency index yield is elevated relative to history

https://mybrand.schroders.com/m/2c6b80ddad3cbe00/original/Schroders-Emerging-Markets-Lens-EMD.pdf

US IG yield around 5.4% and HY yield around 8.5%

https://apolloacademy.com/wp-content/uploads/2023/06/TrendsInCreditMarketsJune2023.pdf

Historically High Absolute Yields

https://www.nmpera.org/assets/uploads/general-upload/April-2023-IC-public-packet.pdf

EM Corporate Credit - Q1 update and outlook

https://www.morganstanley.com/im/publication/insights/articles/article_emergingmarketsdebtmonitor_q12023.pdf?1681367345472

Market Volatility Rose Sharply in Q1 2023

https://www.mufgamericas.com/sites/default/files/document/2023-04/march-disappointment-april-optimism.pdf

The Fed: Zero Rates & QE to $8T and Beyond.

https://ipers.org/sites/default/files/2023-03/0324203%20Board%20Meeting%20Materials.pdf

The U.S. Mortgage-Backed Securities Market

https://www.artrs.gov/board/documents/CY2023/2023-04-03/20230403_IC_Packet.pdf

2023 got off to a strong start, but markets have wobbled in February-March

https://nshe.nevada.edu/wp-content/uploads/file/BoardOfRegents/Agendas/2023/03-mar-mtgs/supp-mat/INV5sm.pdf

Fewer high yield bonds being traded

https://apolloacademy.com/wp-content/uploads/2023/03/TrendsincreditmarketsMarch9.pdf

Private Debt Investment

https://www.calpers.ca.gov/docs/board-agendas/202303/invest/item06f-01_a.pdf

Yield alternatives

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-alternatives/mi-guide-to-alternatives.pdf

Alternatives fundraising

https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-alternatives/mi-guide-to-alternatives.pdf

What is "Specialty" Direct Lending?

http://data.treasury.ri.gov/dataset/d6468d04-20a1-4dc0-ad50-725fce1659a6/resource/30546b58-e64c-4e81-a7ac-0b929dbe398d/download/1C---HPS-Specialty-Loan-Fund-VI---Rhode-Island---January-2023-vFF.pdf

Aggressive tightening by central banks has resulted in a shift to higher bond yields

https://www.mainepers.org/wp-content/uploads/11-10-22-Public-Board-Packet.pdf

The Good News: Current Valuations Generally Appear Favorable

https://www.troweprice.com/content/dam/iinvestor/resources/insights/global-market-outlook/2023-global-market-outlook-need-for-agility.pdf