By: Russ Kamp, Managing Director, Ryan ALM, Inc. What is the value of time? When it comes to investing, time can be a wonderful tool. When you have a long time horizon, you can seek out investments that have the...

Please don't tell me that the equity market's afternoon swoon has to do with Powell indicating that a 50 bps move is on the table (if not locked in). Where have you been hiding if that is the case? Once...

I warned bond investors just the other day about potential default risk escalating. The WSJ published an article yesterday about the potential impact of rising rates on leverage loans, which financed nearly $1 trillion in acquisitions just in 2021. Quarterly...

By Russ Kamp, Managing, Director, Ryan ALM, Inc. There was a little more activity related to ARPA and SFA approvals, which I will address in my next update. However, the bigger news surrounding ARPA is the impact of rising rates...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. S&P is out once again with its outstanding research on corporate defaults with the publication of the "2021 Annual Global Corporate Default And Rating Transition Study". Despite significant issues related to business...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We hope that you had a wonderful Easter or Passover celebration this past weekend. With regard to the PBGC's latest update (as of April 15th), no new plans filed an application. The...

We are pleased to share with you the Ryan ALM Q1'22 Pension Monitor . Despite the fact that pension assets had a challenging quarter, pension liabilities fell to a greater extent, as US interest rates rose rapidly in response to...

Bitcoin recently staged a strong recovery bringing the price back to nearly $47,000 after having tested the $32,000 level. Was this "recovery" driven by the currency's own fundamentals or was it the result of the Nasdaq 100, which also enjoyed...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC has provided its most recent update on the filing of SFA applications and approvals. Since August 2021, 36 multiemployer pension plans have filed for Special Financial Assistance (SFA) under ARPA....

We are pleased to share with you the Ryan ALM, Inc. Newsletter for the first quarter of 2022. Despite a very rough start to the year for the capital markets, the present value of pension liabilities (based on an average...