by John Luke Tyner | May 6, 2022 | Blog, Bonds
May 5th, 2022 – Bond Market Week Over Week Update * Fed Hikes 50bps and Starts QT, albeit more Slowly than Expected. The Fed hiked rates 50 bps (instead of 75) and basically ruled out 75 bps increases going forward. In our opinion, the Fed eased policy...
by David Wagner | May 3, 2022 | Blog, Macro Updates, Market Updates
For today’s musing, I’m just going to throw some thoughts out there regarding the current market – so my rants may be all over the place. The end of each day feels as if we are coming out of the boxing ring after a bout with Mike Tyson. The whipsaws in the market, the...
by David Wagner | May 2, 2022 | Blog, Market Updates
Developments Over the Last Month April showers doused bullish sentiment last week as the SPX wrapped up April with an 8.8% decline. This was the worst April return for the index since 1970 and the fourth lowest April return on record. Fear over this week’s FOMC...
by John Luke Tyner | Apr 29, 2022 | Blog, Bonds, Macro Updates
Decomposing Bond Yields Let’s first think about the components of a bond’s yield. At the simplest level, Treasury yields are simply the average expected Fed funds rate over the maturity plus a term premium. A good portion of the recent move in rates has been a direct...
by John Luke Tyner | Apr 25, 2022 | Blog, Bonds
This bond bear market has taken down Munis hard. Yields on Munis (measured by MUB) are around 2.45%, which is ~3.5% tax-free on a 4.25yr duration. Higher Yield Muni funds are around 4% yields (5.7% TEY). Market Recap Year to date, 10yr AAA Munis have...
by Derek Hernquist | Apr 25, 2022 | Blog, Financial Planning
As discussed in a prior post, the order in which returns accrue can be the difference between a comfortable retirement and one facing some tough budgeting decisions. The sequence of market returns is out of the investor’s control, but addressing this risk...
