What Rate Cuts?

Not too long ago, markets were pricing potential for a rate cut at the July meeting. That has been pushed out to November as the “hold-and-see” narrative takes over from the hiking rates narrative as the data continues to hold up stronger than expected.   Source:...

TIPS Update, March 2023

A Look Back on TIPS   Treasury Inflation-Protected Securities (TIPS) are a type of government bond issued by the US Treasury Department. Unlike conventional bonds, TIPS are designed to protect investors from inflation. This is done by adjusting the bond’s...

Bank Bailout

2 Years a Movin’   To give some perspective on the move in Fed Funds rate the last couple days, we have just witnessed one of the fastest/ largest slides since 1987.   Source: Bloomberg. As of 3/13/23.   The chart above shows Fed Funds curve last...