Rates fell and the yield curve steepened in July, following a series of weaker U.S. economic data releases and major political events. The assassination attempt on former President Trump supported an already steepening yield curve as election concerns of inflationary fiscal policy increased. With President Biden stepping back from reelection, some of the curve steepening unwound, however yields remained at the lower bound with consistently weaker economic data through the month.

To receive the full market review, please contact us at [email protected] or subscribe to the monthly market review on our contact page.