Fixed Income Commentary – May 2021

“Here Comes the Sun” – The Beatles Key Takeaways Bond yields had a relatively quiet month despite the number of strong economic reports out during the month, declining 9 to 12 basis points, mostly on the back end of the curve. The Fed signaled they will stay the course with regards to their accommodative monetary […]

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Economic Commentary – Q1 2021

Quarter in Review • Equity markets are rallying as the economy begins the process of normalizing after the unprecedented shutdowns of 2020. • Loose monetary policy has now been assisted by massive fiscal policy to provide a boost to all segments of the economy. • Some of Maple’s picks did not work as well this […]

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Fixed Income Commentary – April 2021

“Anticipation” – Carly Simon Key Takeaways Intermediate and long-term bond yields continued their ascent in March.  Bond yields are rising for all the right reasons- economic activity is improving, fiscal policy is taking the baton from monetary policy, and financial conditions are supportive.  There is widespread anticipation for higher inflation in the short term, but […]

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Tapping Into Maple – Bitcoin and Cryptocurrencies – Peeling Back a Layer

What is a cryptocurrency? As John Oliver so eloquently put it on his late night comedy show, “It’s everything you don’t understand about money combined with everything you don’t understand about computers…” . Technically speaking, cryptocurrencies are digital assets that are meant to be used as a way to exchange goods and services. Bitcoin is […]

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Fixed Income Commentary – March 2021

“Getting Better” – The Beatles Key Takeaways Intermediate and long-term bond yields rose rather abruptly in February as investors digested the progress of the vaccine rollout and the return to a risk-on mindset. Fed Chair Powell’s comments to Congress during the month implied a “stay the course” message, emphasizing the need to support the economy […]

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Tapping Into Maple – Inflation Worries

It is no secret that the federal government has been spending a lot of money during the past twelve months to combat a historic pandemic and the ensuing economic troubles from lost jobs and reduced consumer spending particularly in the service sector. All this support and years of low rates and supportive financial conditions—and the […]

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Fixed Income Commentary – February 2021

“Honesty” – Billy Joel Key Takeaways Yields across the curve nudged higher in January, led by the 10-year Treasury yield piercing through the psychological 1% level for the first time since March 2020.  Considering the events of the past year related to the global pandemic, a print of 4% (annualized) on GDP gives us some […]

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Tapping into Maple – Shedding Light on the GameStop Mania

You can’t go anywhere right now without hearing about GameStop, Reddit, r/WallStreetBets, and big returns. This story has made it out of financial circles and has become “news” news. Saturday Night Live even did a skit including the Gamestop hysteria. So while the internet is abuzz and investors have questions we thought we could help […]

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Economic Commentary – Q4 2020

  Financial markets performed admirably in the fourth quarter even as the pandemic raged across much of the world, partly attributable to two critical developments: the conclusion of the US election and the arrival of multiple vaccines. Now that the much-discussed political uncertainty has been removed and an end is in sight to the pandemic […]

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