| As a trusted advisor, we stand ready to guide Plan Sponsors through the complexities and everchanging landscape of pension plans. Below find valuable updates from our dedicated Defined Benefit Business Council. Bank Failures and Impacts on Long Duration Assets As many of you are aware, the failure of Silicon Valley Bank in mid-March led to a great deal of market volatility especially within the financial sector and many were worried about the risk of contagion. The fixed income universe was broadly affected by this bank failure, but interestingly long duration assets were more isolated compared to shorter duration assets. This is in part due to the Long Corporate Index having a much lower exposure to the financial sector (16.6%) compared to the Bloomberg Intermediate Corporate Index (41.7%) as of March 31. Read more of our newsletter here… |
Source: Microsoft PowerPoint – IR+M LDI Monitor – March ’23.pptx (incomeresearch.com)
