Fundamental analysis and trading commentary
For advice and recommendations concerning investment grade and "crossover" fixed income securities, come to us. We provide in-depth and relative-value analysis in a variety of market conditions and across the credit spectrum to complement our strong investment grade fixed income sales and trading effort. Our emphasis is on relative value in off-the-run issues and other special situations and structures. In addition to analysis of issuers and their securities, we offer market and trading commentary particularly seeking to anticipate, or identify market reaction, or over-reaction to current developments. Particular areas of recent concentration have been project finance, cyclical industrials such as chemicals and energy, housing, transportation, media and telecom sectors.