Payden & Rygel

This week, market volatility persisted as investors grappled with potential tariff impacts, making it challenging to discern the effects in real time. Can the U.S. economy weather the tariff shock, or is this the calm before the storm? #COTW #PaydenEconomics

Payden & Rygel is excited to be sponsoring the upcoming Markets Group 7th Annual Benelux Institutional Forum on 12-13th May 2025 in Amsterdam. Come meet Dennis Kwist , Jordan Lopez, CFA & Frances Mayo there and reach out to Markets Group to get involved. For more information on the event, please visit https://lnkd.in/gSAfcn5D This material has been approved by Payden & Rygel Global Limited, a company authorised and regulated by the Financial Conduct Authority of the United Kingdom, and by Payden Global SIM S.p.A., an investment firm authorised and regulated by Italy’s CONSOB.  

We are honoured to share that Payden & Rygel has been named Insurance Asset Manager of the year at the InsuranceERM UK & Europe 2025 Awards. Thanks to the entire Payden team for their commitment and to our clients for their support over the years. Special thanks to our partners at Lloyd's to entrust Payden with the management of the first bond fund on the investment platform. More details on the awards available at https://lnkd.in/esv7mzfw

Thirty-year U.S. Treasury yields rode a rollercoaster this week. The news blamed China for the volatility, a bad take. Instead, hedge funds unwound a bet by selling 30-year Treasuries, with leverage amplifying the move. Don't believe all stories to explain market moves. #COTW #PaydenEconomics

On April 2nd, the U.S. announced that the effective tariff rate could potentially increase ten-fold from ~2% to ~22%. Stocks tumbled, and yields plunged. But what's the good news? As of March, the U.S. economy and consumers were on solid footing. #COTW #PaydenEconomics

This week, the Conference Board’s March consumer confidence reading fell, but real consumer spending continues to increase at a healthy pace. Actions speak louder than words, so watch what consumers do—rather than what they say—when assessing recession risk. #COTW #PaydenEconomics

Looking forward to this exclusive breakfast event tailored for CIOs, institutional investors, and consultants. Jordan Lopez, CFA and Eric Souders, CFA will offer sharp insights on high yield opportunities in today’s macro environment — a must-attend if you’re navigating complex fixed income markets. If you’re an investment decision-maker or advisor in the institutional space, don’t miss it. #InstitutionalInvesting #FixedIncome #HighYield #MacroOutlook #PaydenAndRygel

🎉 Exciting News! 🎉   We’re proud to share that the Payden California Municipal Social Impact Fund (PYCRX) has been named a LSEG Lipper Fund Award United States Winner 2025 for Best Fund over 10 Years in the California Intermediate Municipal Debt Funds category.   With a focus on providing attractive, tax-exempt income for California residents while preserving capital, PYCRX reflects the power of disciplined, active management and our mission to create impact through smart municipal investing.   A special thank you to our dedicated team and to our clients who trust us as stewards of their investments. Adam Congdon, CFA David G. Travis McGahey Paul Hwang, CFA   🔗 Learn more about the California Municipal Social Impact Fund: https://lnkd.in/eVqf3RqE   LSEG Lipper Fund Awards, ©2025 LSEG. All rights reserved. Used under license.   #LipperAwards #FixedIncome #MunicipalBonds #SocialImpact #PaydenRygel #Investing #Leadership

This week, the Federal Reserve held the fed funds rate steady at 4.33% again at the March FOMC meeting as policymakers wait for more clarity. Our key takeaway is that the Fed could cut more than expected in 2025. #COTW #PaydenEconomics

Payden & Rygel was honored to participate in the 19th Annual Institutional Investor Conference in Amsterdam, where industry leaders tackled the evolving regulatory and political landscape shaping global markets. Laura Lake, CFA, CAIA, Head of ESG at Payden & Rygel, joined a distinguished panel to discuss how investors can balance shifting demands while staying focused on long-term goals. From regulatory divergence to sustainable investment strategies, the conversation underscored the need for pragmatic, forward-thinking solutions in today’s dynamic environment. A big thank you to Institutional Investor for hosting such a timely and insightful event! #InstitutionalInvesting #ESG #LongTermThinking #PaydenandRygel