Prepare for More Tightening

by John Luke Tyner | Sep 14, 2022 | Blog, Bonds

Another Hot Inflation Report   CPI came in above expectations yet again. In fact, headline inflation has only come in below expectations once in the past year. The U.S. CPI rose +0.1% m/m in Aug, and 8.3% y/y. The core CPI (ex food & energy) surged +0.6% m/m...

“This report will likely not pull longer-term Treasury yields lower, which is absolutely crucial for the equity markets to perform well in the near future”

by Marketing | Sep 13, 2022 | Market Notes, Media Notes

Asset managers see another 75-basis-point hike by Fed as inflation remains high     Disclosures   This information is for investment adviser use only and should not be distributed to any other parties. The commentary included in this post is for...

Rearview to Windshield, September 2022

by David Wagner | Sep 5, 2022 | Blog, Market Updates

Developments Over the Past Month   As the summer comes to a close, it’s worth looking back to Memorial Day for perspective.  Equities have been largely flattish and extremely volatile since late May, credit spreads have been flattish, bond yields have trended...

Quantitative Tightening is Here

by John Luke Tyner | Sep 2, 2022 | Blog, Bonds

The balance sheets of global central banks have grown drastically in the last 15 years. The United States balance sheet alone grew from ~$4 trillion to ~$9 trillion over the pace of 2 years during the pandemic. The surge in liquidity has had a drastic effect on...

“The lack of certainty about the direction of the Fed … has just put the liquidity and typical liquidity providers in a holding pattern”

by Marketing | Sep 1, 2022 | Market Notes, Media Notes

Analysis: U.S. Treasury traders switch strategies as liquidity problems worsen     Disclosures   This information is for investment adviser use only and should not be distributed to any other parties. The commentary included in this post is for...