by Aptus PM Team | Mar 1, 2023 | Blog, Bonds
While bonds got off to a fast start this year, February’s returns were almost the mirror image from a total return standpoint. As the chart shows, Bloomberg’s Global Aggregate Index returned -3.32% last month. With data going back to March 1990, this ranks as the...
by Aptus PM Team | Feb 17, 2023 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: John Luke: It’s been awhile since 5% rates were an option for investors, things looked different back...
by Aptus PM Team | Feb 16, 2023 | Blog, Bonds
The blue line below is what the Fed is communicating per their DOT plot, on the terminal rate going to a range of 5.00% to 5.25%. The orange line is yesterday’s Fed Funds curve (following CPI). The market expectations for the Fed Funds rate is finally rising to the...
by Aptus PM Team | Feb 14, 2023 | Blog, Bonds
Another Stubborn CPI Report Likely Pressures Fed to Maintain Hikes The BLS’s latest inflation figures published this morning showed consumer prices rose 6.4% Y/Y in January, slightly higher than consensus. From a high-level view it was a fairly status quo...
by Aptus PM Team | Feb 2, 2023 | Blog, Bonds
As expected, the Fed hiked 25bps to the 4.5%-4.75% range, the eighth hike in a year. The markets experienced a pretty large rally following the FOMC meeting & presser. Stocks moved higher and yields lower as Powell continued to believe a soft landing was very...
