Thornburg Core Plus Bond ETF

TPLS

Capitalización de mercado USD 14.6 M

Federal Reserve Chair Kevin Warsh said the central bank would take its cues from the bond market. One bond manager says that plan backfired quickly.

Bond yields still look attractive, but investors are earning little extra for taking on corporate credit risk, according to Thornburg Investment Management. Key Takeaways: Investment-grade spreads reached their tightest point since 1998, while high-yield spreads matched pre-2007 levels.

Corporate bond spreads, the extra yield investors demand for default risk, have tightened for three years even as delinquencies and bankruptcies climbed, according to Thornburg Investment Management. Key Takeaways: Corporate credit spreads have tightened even as delinquencies and bankruptcies have climbed.

The Treasury's bond buybacks were supposed to be a routine liquidity operation. On Wall Street, they have become something more contested.

The prolonged zero-interest-rate environment that provided massive tailwinds for U.S. markets is shifting as central banks adjust policy and global interest rates normalize. Global capital costs are rebalancing, creating a compelling backdrop for investors to reevaluate international equities.

A 30-year U.S. Treasury yield near 5% is rare. It has appeared on only a handful of trading days over the past decade, according to Thornburg Investment Management.

Thornburg takes top accolades in the multi-asset mutual fund of the year and newcomer ETF firm of the year categories SANTA FE, N.M., March 11, 2026 /PRNewswire/ -- Thornburg Investment Management, Inc. ("Thornburg"), a global investment firm that oversees $59 billion1 in assets, today announced that Thornburg Investment Income Builder Fund (Ticker: TIBIX) was awarded multi-asset mutual fund of the year and the firm was named newcomer ETF firm of the year at the With Intelligence 2026 Mutual Fund and ETF Awards ceremony.

Just over a year ago, the Thornburg Core Plus Bond ETF (TPLS) and the Thornburg Multi Sector Bond ETF (TMB) made their debut. The launches came in a year that saw a record number of active ETFs hit the market (almost 1,000, per Morningstar).

In personal finance vernacular, it's a common saying that “cash is king.” Given the current rate-cutting cycle and the rise of the “debasement trade,” that reign could be over.

According to inflows data from State Street Investment Management, fixed income ETFs came off a record October that saw the space garner $51 billion inflows. This was an astounding feat, as uncertainty continues to permeate the markets.