Non-Rated Issues on the Rise, and Why it Matters

Municipal bond funds are on pace to take in a record number of net inflows this year. Investors put nearly $41 billion into municipal bond funds through just five months, making 2019 already the third largest year of inflows

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Aug 16, 2019

Late Cycle Investing

The current economic expansion is now more than 10 years old, making it the longest period of continued growth on record by some measures...

Aug 14, 2019

U.S. Treasury Curve Signals Distress

Today, bond investors sounded the alarms. The 10-year and 30-year U.S. Treasury yields fell, causing the 2-year vs. 10-year portion of the yield curve to temporarily invert...

Aug 5, 2019

Caught by the Headlines

After a six straight day decline, the U.S. equity market has fallen nearly 6% from its all-time high set last month. Two key reasons why markets are moving now...

Aug 1, 2019

July FOMC Meeting: Regaining Optionality, but at Some Cost

This week the Federal Open Market Committee (“FOMC” or “Committee”) eased policy for the first time in over...

Aug 1, 2019

Fed Pivots on Rates – What’s the Market Impact?

The Fed just lowered interest rates for the first time in a decade. The rate cut itself is small – only 25 basis points...

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