Take a Seat…Let’s Chat About Fixed Income We hope you are well at this unusual time in our lives. Key Takeaways Both equity and fixed income markets saw a “risk on” trade in May as progress was made on vaccines, economic re-openings, and the scale of government/central bank intervention. Spreads across corporate and municipal bonds […]
(Sort of) Open for Business Key Takeaways Confidence returned to the fixed income market in April as the Federal Reserve announced a number of programs to alleviate liquidity concerns. The economy contracted at an annualized 4.8% during the first quarter. The expectation is for economic data to remain weak. However, the key issue now is […]
A Month We’ll Never Forget Key Takeaways COVID-19 had a dramatic impact on markets across the globe in March. Liquidity quickly evaporated as markets assessed the enormity of the revenue, profit, and cash flow implications resulting from the economic shut-downs. Short term policy rates were cut and risk spreads widened to levels last seen […]
A Quarter We’ll Never Forget CARES (Coronavirus Aid, Relief and Economic Stability) Act On March 27th the CARES Act was signed into law. There were significant changes to retirement accounts included in this bill and we have highlighted a few of the major components below: • Required Minimum Distributions (RMDs) are waived for 2020 • […]
Skating on Thin Ice Key Takeaways Bond yields plummeted in February as investors were looking for safe havens in response to the equity market sell-off due to the COVID-19 virus. Going forward, investors will be assessing the global economic impact caused by the COVID-19 virus and evaluate the duration and magnitude of the impact. Meanwhile, […]
Microscope on Municipals Key Takeaways Bond yields declined in January as investors assessed the impact of the coronavirus on the global economy. The rally drove Treasury yields lower by 26 basis points on the 2 year Treasury and 41 basis points on the 10 year Treasury. Spreads on corporate bonds and mortgage -backed securities widened […]
Yields up, yields down Key Takeaways Treasury yields rose on the back end and credit spreads tightened in the month of December. There appears to be a renewed confidence in the economy as “Phase One” of the trade deal with China has been announced. With negative yields still prevailing across Europe, investors can expect continued […]