Morningstar’s analysis of the Thornburg Limited Term Income Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
Results for: Lon Erickson
Lon Erickson talks about a wait-and-see approach, only he's referring to the Fed. “There was a lot of joy taken from the Fed reversing course and going to a more pronounced wait-and-see approach to raising rates,” he said. “I don’t know that we’ll see same pace of tightening we had in January. There are several risks out there relative to what could happen for credit - I could see us hanging in here at the recent tights, or squeeze in a few more basis points out of it.”
Lon gets the only quote in this additional story about the BBB market: “Market access certainly is a benefit especially to lower quality spectrum of investment-grade. As people think about fallen angels, one of the things that could drive that is the inability to refinance risk at cheap levels.