by John Luke Tyner | Feb 7, 2022 | Blog, Macro Updates
NFP February 4th, 2022 We are always in tune with the job data that comes across our screens the first Friday of each month, but we don’t typically dedicate a post to respond. Following Friday’s January release (February 4th), given the surprise of the strength of the...
by John Luke Tyner | Feb 4, 2022 | Blog, Bonds
We’ve had questions on why Treasury Inflation Protected ETFs (TIPS) were down YTD while inflation isn’t really budging. We wanted to provide some color on the topic given the big moves in interest rates and the ongoing debate about inflation. Funds such as...
by John Luke Tyner | Feb 2, 2022 | Blog, Bonds
* Current Rates & the Curve: The front end of the curve continues to feel pressure as economists are now projecting five to seven rate hikes in 2022, and the forwards market forecasts just under five rate hikes by year-end. However, longer-dated interest rates...
by John Luke Tyner | Jan 27, 2022 | Blog, Macro Updates
Source: BofA, Data as of 1/27/01 As expected, the Fed kept rates in the 0.00-0.25% range during the January meeting. Chairman Powell pointed to a high likelihood of a rate hike being “relatively soon” based on the continuation of the strong labor market (unemployment...
by John Luke Tyner | Jan 20, 2022 | Blog, Macro Updates
Source: Bloomberg LP. As of 1/19/22. Markets have started off on a rough note to begin 2022. The fear of a reduction in market accommodation as the Fed pulls support and (likely) hikes rates has spooked markets. In response to rising rates, persistent...
