The Most Important Questions (and Answers) for Fixed Income Markets Today

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Wednesday, October 4, 2023 U.S. Treasury yields have seemingly been moving in one direction lately (higher) with news overnight that the 30-year Treasury yield touched 5% for the first time since 2007. The move higher in yields (lower in price) has been unrelenting with intermediate and longer […]

October 4, 2023

Assessing Potential Market Impact of Israel-Hamas War

Posted by George Smith, CFA, CAIA, CIPM, Portfolio Strategist Tuesday, October 10, 2023 Additional content provided by Kent Cullinane, Analyst On Saturday, Hamas, a Palestinian militant group designated as a terrorist organization by the U.S. government, launched an attack on Israel, killing hundreds of civilians and taking dozens more hostage. In response to the attack, Israel […]

October 10, 2023

Rating Downgrades Are Picking Up: What That Means for Corporate Bonds

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Wednesday, October 11, 2023 Rating agencies have been busy lately. While one of the big three (Fitch) made headlines recently when it downgraded U.S. government debt, the other two (Moody’s and S&P) have been busy quietly downgrading U.S. corporate debt at an elevated pace. With the increase […]

October 11, 2023

Inflation Losing its Stickiness

Posted by Jeffrey J. Roach, PhD, Chief Economist Thursday, October 12, 2023 Key Takeaway: The rise in shelter costs in September was the largest contributor to headline inflation but will not likely show up in upcoming months as rent prices moderate. Annual core inflation decelerated to 4.1% in September from 4.3% the previous month. Highlights from […]

October 12, 2023

What Is Happening in the Treasury Market?

October 13, 2023

Bull Market Check-Up

Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, October 13, 2023 Key Takeaways: Yesterday marked the one-year anniversary of the bull market. The S&P 500 has come a long way since the October 12, 2022 closing low and faced a lot of skepticism along the way. Continued global monetary tightening, surging interest rates, elevated […]

Some Tips on TIPS (Treasury Inflation-Protected Securities)

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Tuesday, October 17, 2023 The move higher in Treasury yields (lower in price) has been unrelenting, with intermediate and longer term Treasury yields bearing the brunt of the move. Rates are moving higher alongside a U.S. economy that has continued to outperform expectations and not due to higher inflation […]

October 17, 2023

Can the Rebound in Stocks Continue?

Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Wednesday, October 18, 2023 Key Takeaways: October is off to an impressive start, with the S&P 500 trading up just over 4% as of October 17. The rebound follows a dismal September that left the market oversold and clinging to support near the rising 200-dma. However, buyers […]

October 18, 2023

Powell Tries to Calm Markets

Posted by Jeffrey J. Roach, PhD, Chief Economist Friday, October 20, 2023 Key Takeaways: Bottom Line: As of this morning, markets were pricing in a roughly 20% chance the Fed will increase rates in December, and if not in December, then a higher likelihood of an increase in January. However, we believe the economy is slowing […]

October 20, 2023

Treasury Term Premium 101

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Tuesday, October 24, 2023 The move higher in Treasury yields (lower in price) has been unrelenting, with intermediate and longer term Treasury yields bearing the brunt of the selloff recently. Since the end of July, 10-year yields are up over 0.90% and 30-year yields up 1.0%. While […]

October 24, 2023