The Markets

    Dec 11, 2017

Solid Job Growth in November


Nonfarm payroll employment was up 228,000 in November, beating expectations. Hiring was broad-based across industries. The recent bounce in hiring is partly...

    Dec 8, 2017

Yield Curve Sign of Weakening Economy? This Time, We Think Not.


The yield curve flattened 64 basis points (bps) in 2017 and 218 bps since...

    Dec 7, 2017

Lawmakers’ Full Court Press on Tax Reform


When Congress outlined an aggressive timeline to overhaul the U.S. tax code, few believed it could be realistically accomplished before the end of the year...

    Dec 4, 2017

Monitoring Tax Reform’s Impact on Municipals


The topic of taxes and their effects on individuals and businesses have permeated American conversations...

    Nov 29, 2017

Accounting for Disruptive Forces within the Fixed-Income Markets


Continued economic growth and generally solid corporate profits have...

    Nov 27, 2017

Inflation Shows Signs of Life


Inflation increased last month, as higher costs in housing, medical care, and wireless services offset lower energy and vehicle prices...

    Nov 20, 2017

Global Economy Continues to Gain Momentum


The global economy continues to gain momentum—with surprising growth in Europe, Japan, and the emerging markets. With some concerns still in place...

    Nov 15, 2017

Four Pillars of a Strong High-Yield Foundation


Though the overall U.S. fixed-income market has been largely flat over the last 12 months, the high-yield bond market has been a solid performer.