Market Updates

NISA’s Pension Risk Transfer (PRT) Credit Risk Monitor is a market-based measure of the relative credit risk of common PRT annuity providers (“insurers”) designed to assist fiduciaries in identifying a “safest annuity available” PRT provider as required by the Department of Labor’s Interpretive Bulletin 95-1.

The Pension Surplus Risk Index (PSRX®) decreased modestly to 6.1% in March on the back of lower interest rate volatility.

Review the discussion (~45 min) between David Eichhorn and Stephen Douglass as they share their insights on inflation, monetary policy and foreign economic growth.

Despite relatively hot inflation data, equities rallied and credit spreads tightened, while Treasuries had a quiet month by recent standards.