by Aptus PM Team | Aug 25, 2025 | Blog, Bonds
We wanted to put together a note to discuss the recent underperformance of municipal bonds relative to their taxable brethren (MUB vs AGG, shown below). Tax-free bonds have faced a number of headwinds throughout 2025, and even with the decline in interest rates, they...
by Aptus PM Team | Aug 22, 2025 | Blog, Charts
Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from rate-cutting regimes to earnings season, inflation to consumer health, and stock buybacks. Have a great weekend! Dave:...
by Aptus PM Team | Aug 22, 2025 | Blog, Bonds
Fed Chairman Jay Powell finally delivered his long-anticipated address to leading economists and academics. A few quotes that caught our attention, not to mention the market’s attention: “In the near term, risks to inflation are tilted to the upside, and risks...
by Aptus PM Team | Aug 15, 2025 | Blog, Charts
Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from inflation to dispersion, from wall of worry to tariff impact, and the ongoing US vs. Foreign discussion. Have a great weekend!...
by Aptus PM Team | Aug 15, 2025 | Blog, Bonds
Headline CPI rose 0.20% in July, in line with economists’ expectations. The YoY rate was unchanged at 2.7%. After two warmer months, food prices inched up just 0.05%. Energy prices were also cooler in July, declining -1.1% on a -2.0% drop in motor fuel CPI and lower...
