Skip to Content
Hamed Faquiryan

Hamed Faquiryan
Fixed Income and Multi-Asset Class Research

About the Contributor

Hamed Faquiryan is a Senior Associate in the Fixed Income and Multi-Asset Class Research team. He focuses on risk modeling and factor research for credit assets. Hamed previously was a researcher at the Federal Reserve Bank of San Francisco concentrating on financial markets and institutions. He has an M.Sc. in Economics from the Barcelona Graduate School of Economics and a B.A. in Economics/Mathematics and Philosophy from the University of California at Santa Barbara.

Blog posts by Hamed Faquiryan

  1. Despite robust economic growth in the U.S., market conditions — as defined by tight spreads and high valuations — have wary credit investors on the lookout for trouble as the credit cycle matures. One area of scrutiny is BBB-rated credit, which sits in the middle of the rating hierarchy. Should spreads suddenly widen, investors may want to be prepared for a potential wave of BBB credits cascading into the high-yield market.

  2. The recent trend in high-yield market spreads appears to relate more to concern about rising rates than the potential for credit losses. However, investors should be aware that the impressive recent performance of short-dated high yield bonds and floating-rate leveraged loans may be reversed if credit conditions begin to deteriorate.

  3. As central banks continue to keep interest rates at historic lows, many institutional investors have turned to leveraged loans for their attractive yields.

Back to Top