Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Biden signs temporary funding bill to prevent government shutdownSen. Warren calls Fed Chair Powell a ‘dangerous man,’ says she will oppose his renominationChina Hidden Local Government Debt Is Half of GDP, Goldman SaysTwo Fed officials depart amid scrutiny over investment
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Schumer sets Monday showdown on debt ceiling-government funding billEvergrande stays silent on its $83 million dollar bond interest payment, leaving investors in limbo The US Treasury yield curve steepened in the week, with the lion’s share of the long-term Treasury
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week Social Security COLI Increases, largest in 40 yearsTapering on Track Taper now or Taper Later? That is the question on the markets mind. Analyzing the various economic tea leaves, the Fed could easily justify starting the Taper now or
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Where Ida stands among the worst hurricanes to hit LouisianaJoe Manchin says he will oppose a $3.5 trillion budget bill The US Treasury yield curve barely budged in the week, even when considering the increase in long-term yields that materialized
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Watch Fed Chair Powell deliver his key Jackson Hole economic speech liveAfghanistan Death Toll Climbs As Pentagon Clarifies 1 Bomber Was Involved In AttackTropical Storm Ida Is Strengthening and Forecast To Slam Gulf Coast As A Major Hurricane Sunday The
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Fed’s Powell to Give Virtual Remarks at Jackson Hole GatheringBiggest Tax Hike on Wealthy Since ‘93 Is Bogged Down in U.S. Congress The US Treasury yield curve bull flattened in the week as investors and analysts tempered their expectations for
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week CPI Rate of Increase ModeratesConsumer Sentiment Plunges An important week for inflation as CPI and PPI both reported numbers that were high but showing signs of moderating. The US Treasury yield curve was virtually unchanged for the week. With the good
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week US Treasury Expects to Cut November Funding NeedsUnemployment Rate Sinks With COVID variants spreading, companies reporting and entertainment events happening, the markets ranged from concerns of a slow down, to the reopening is happening on schedule. The US Treasury yield
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week GDP Stronger Than It SeemsFed Guarding Jobs as Delta, Prices Surge What started out as potentially busy and exciting, turned into a relatively quiet summer week. The US Treasury yield curve continue to flatten, marking almost two months of steadily
Weekly Fixed Income Update

Weekly Fixed Income Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week ECB Signals Readiness to Curb Bank Dividends When Cap LiftsDow jumps 200 points, S&P 500 rises to record as stocks head for winning week The US Treasury yield curve was again little changed in the week, with yields in the belly