The world is currently facing a multitude of troubles. Inflation is running hot, recession is looming on the horizon, there is a war in Europe and tensions in Asia, and there are serious concerns of a banking crisis. Uncertainty and anxiety are heightened, leaving investors to wonder what the future holds and how they can protect their portfolios.
Most market commentators talk about the U.S. Treasury yield-curve steepness in the context of the short end: T-bill yield versus the 2-year Treasury yield. But given that U.S. pension plans have approximately 80% of their liability risk associated with yields beyond 10 years, a more important metric is the 10-year Treasury yield versus the 30-year Treasury yield (below).
At Allspring, we’re committed to being purposefully divergent. Our investment professionals are free to voice their own views, and their perspectives enable us to more holistically “see” both potential opportunities and risks.
2022 left investors scrambling to preserve capital and find alternative sources of return. Both equities and bonds across the globe suffered in the high inflation and rising interest rate environment. The S&P 500 Index ended the year at -18.1%, the MSCI EAFE Index ended at -14.5%, and the Bloomberg Aggregate Bond (US Agg) Index ended at -13.0%.
At Allspring, we’re committed to being purposefully divergent. With this approach, investment professionals across our platform have the freedom to voice their own views, and their perspectives enable us to more holistically “see” potential opportunities as well as risks.
As everyone who follows headlines probably knows, SVB Financial Corp. hit the top of the news cycle starting late last week when its bank division, Silicon Valley Bank, entered receivership with the FDIC.
The year was 2002. Armed with my college degree, zero direction, no LinkedIn, no one providing potential paths, and no desire to move back home, I did what every parent dreads: moved in with a boyfriend. I wanted my own money, so I got a job bartending and waitressing. During those six months of hard physical work, I realized a few things: The service industry consists of amazing people who work hard, function over form is best for shoes when you work on your feet, and I had a knack for chatting people up and selling.
March is Women’s History Month, a time set aside to celebrate the contributions women have made in the name of gender equality. We’re going one step further by sharing insight and advice from five women who work at Allspring Global Investments, in an effort to help the next generation of women in finance.
As the dust settles following the passage of the SECURE Act 2.0 in late 2022, we thought it would be worth digging into one of its key provisions to highlight how plans and various plan participants might benefit from this legislation.
A 2-point conversation
As tempting as it would be to claim a fourth consecutive correct Super Bowl forecast, we have a fiduciary duty to report the truth.