City Different Investments

Insights, market commentary and thought leadership
from the City Different Investments team.

Posts about

Fixed Income (3)

How to Quantify Muni Risks

How to Quantify Muni Risks

Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income portfolio managers Chris Ryon and Sweta Singh explain their quantitative approach to calculating and managing risk.

Dec 8, 2021

Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income

Continue Reading
Highlights from the City Different Investments Introductory Call

Highlights from the City Different Investments Introductory Call

If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their questions. During the call, Connor, Chris and Sweta discussed their careers at Thornburg and other big institutions and explained why they and our other colleagues broke away to start City Different – a...

Nov 16, 2021

If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their

Continue Reading
Remember, Remember, the Third of November

Remember, Remember, the Third of November

On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by $10B and mortgage-backed securities by $5B. While the news may spark a few fireworks in the media, it represents merely the first of what may be many well-telegraphed Fed moves to pull back on its...

Nov 4, 2021

On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by

Continue Reading
Inflation Prep: 4 Steps That Fixed Income Investors Can Take Now

Inflation Prep: 4 Steps That Fixed Income Investors Can Take Now

It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and currently manages muni and other fixed income SMA strategies for City Different Investments, I don’t think it’s time for investors to abandon fixed income.

Oct 28, 2021

It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and

Continue Reading
There’s More to Muni Bonds Than Taxes

There’s More to Muni Bonds Than Taxes

Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a compromise on the infrastructure and reconciliation bills, sending taxes higher. Others still hope tight majorities and an even tighter legislative calendar will scuttle the whole program.

Oct 14, 2021

Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a

Continue Reading
Meet Chris Ryon and Sweta Singh

Meet Chris Ryon and Sweta Singh

Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we could pursue our best ideas wherever they may lead. Meet two of our co-founders—Chris Ryon and Sweta Singh, Thornburg muni debt vets, portfolio managers of our fixed income and municipal bond strategies,...

Oct 7, 2021

Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we

Continue Reading
A View from the City Different Bond Desk

A View from the City Different Bond Desk

Based on historical measures, tax exempt municipal bonds are rich to just about every other fixed income asset class! The three examples below illustrate how tax exempt municipal bond yields compare to taxable alternatives. Proof: (All Data as of 4/23/2021)

Apr 16, 2021

Based on historical measures, tax exempt municipal bonds are rich to just about every other fixed income asset class! The three examples below

Continue Reading
Should We Be Worried About Inflation?

Should We Be Worried About Inflation?

Preparing your Fixed Income Portfolio for Inflation Should investors worry about inflation? We believe so. Does that mean investors should abandon the fixed income markets? No. A balanced portfolio made up of stocks and bonds has proven to be beneficial to investors over time. How should an investor manage their fixed income portfolio? Don’t panic. We...

Feb 17, 2021

Preparing your Fixed Income Portfolio for Inflation Should investors worry about inflation? We believe so. Does that mean investors should abandon the

Continue Reading

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Posts about

Fixed Income (3)

How to Quantify Muni Risks

How to Quantify Muni Risks

Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income portfolio managers Chris Ryon and Sweta Singh explain their quantitative approach to calculating and managing risk.

Dec 8, 2021 Written by: City Different Investments

Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income

Continue Reading
Highlights from the City Different Investments Introductory Call

Highlights from the City Different Investments Introductory Call

If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their questions. During the call, Connor, Chris and Sweta discussed their careers at Thornburg and other big institutions and explained why they and our other colleagues broke away to start City Different – a...

Nov 16, 2021 Written by: City Different Investments

If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their

Continue Reading
Remember, Remember, the Third of November

Remember, Remember, the Third of November

On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by $10B and mortgage-backed securities by $5B. While the news may spark a few fireworks in the media, it represents merely the first of what may be many well-telegraphed Fed moves to pull back on its...

Nov 4, 2021 Written by: Chris Ryon

On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by

Continue Reading
Inflation Prep: 4 Steps That Fixed Income Investors Can Take Now

Inflation Prep: 4 Steps That Fixed Income Investors Can Take Now

It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and currently manages muni and other fixed income SMA strategies for City Different Investments, I don’t think it’s time for investors to abandon fixed income.

Oct 28, 2021 Written by: Chris Ryon

It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and

Continue Reading
There’s More to Muni Bonds Than Taxes

There’s More to Muni Bonds Than Taxes

Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a compromise on the infrastructure and reconciliation bills, sending taxes higher. Others still hope tight majorities and an even tighter legislative calendar will scuttle the whole program.

Oct 14, 2021 Written by: Chris Ryon

Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a

Continue Reading
Meet Chris Ryon and Sweta Singh

Meet Chris Ryon and Sweta Singh

Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we could pursue our best ideas wherever they may lead. Meet two of our co-founders—Chris Ryon and Sweta Singh, Thornburg muni debt vets, portfolio managers of our fixed income and municipal bond strategies,...

Oct 7, 2021 Written by: City Different Investments

Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we

Continue Reading
A View from the City Different Bond Desk

A View from the City Different Bond Desk

Based on historical measures, tax exempt municipal bonds are rich to just about every other fixed income asset class! The three examples below illustrate how tax exempt municipal bond yields compare to taxable alternatives. Proof: (All Data as of 4/23/2021)

Apr 16, 2021 Written by: Chris Ryon

Based on historical measures, tax exempt municipal bonds are rich to just about every other fixed income asset class! The three examples below

Continue Reading
Should We Be Worried About Inflation?

Should We Be Worried About Inflation?

Preparing your Fixed Income Portfolio for Inflation Should investors worry about inflation? We believe so. Does that mean investors should abandon the fixed income markets? No. A balanced portfolio made up of stocks and bonds has proven to be beneficial to investors over time. How should an investor manage their fixed income portfolio? Don’t panic. We...

Feb 17, 2021 Written by: Chris Ryon

Preparing your Fixed Income Portfolio for Inflation Should investors worry about inflation? We believe so. Does that mean investors should abandon the

Continue Reading

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