Short-Term Spreads Inverted — Is This a Concern for 2019?

The yield curve has inverted in the two- to five-year range. In market terms, this means that a U.S. treasury maturing in five years yields less than a U.S. treasury maturing in two years. In everyday terms, this means that investors are worried

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Dec 14, 2018

Merger Arb & Market Volatility

After a long period of relative quiet, market volatility has again become an issue, with investor concerns focusing on a host of matters including global...

Dec 7, 2018

Mr. Market’s Wild Ride

On the backend of the steep October drawdown, November started off with the uncertainty of the midterm elections. While there were expectations of a “Blue Wave”...

Dec 7, 2018

6 Brexit outcomes

On Tuesday December 11th members of British Parliament are expected to vote on the European Union withdrawal agreement only 108 days before the divorce by default on...

Dec 6, 2018

Liquidity management: More critical than ever

The municipal bond market has long been fragmented, complex, and less liquid than other fixed income markets...

Nov 30, 2018

Reducing equity sensitivity with convertible bonds

After generating strong results over the first nine months of the year, the equity market fell sharply in October...

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