Market Review
We thought that one year of uncharted territory would be enough, but alas, it was not to be. Year two of the pandemic continued to bring surprising results. The “new normal” seems to have become “nothing is normal.”
Read more November had its share of rates volatility. The benchmark 10-year Treasury note began the month at a 1.55% yield, dipped down over 10 basis points (bps), then rose to 1.67% before rallying back to 1.40% at month end. Yields inside of 3-years behaved differently, closing out the period at slightly higher levels. The 5-30-year slope of the curve flattened by 14 bps.
Read moreGlobal policymakers, climate experts, and corporate executives converged in Glasgow in November for the UN Climate Change Conference, COP26. From fossil fuel phase outs to promises of funding for the developing world, it was encouraging to witness the growing sense of urgency that world leaders seemingly have for facilitating the climate transition.
Read moreAll eyes are on Glasgow as the end of October marked the beginning of the highly anticipated COP26 climate summit. Our expectations for world leaders to meaningfully advance regulatory policy and financing solutions remain tempered, and we are paying close attention to national decarbonization plans as an indicator of sentiment and potential future progress.
Read moreInflation was back in focus this month as labor shortages, supply chain disruptions, rising energy prices, and housing costs were all cause for concern. Despite GDP coming in at just 2% (annualized QoQ), retail sales easily beat expectations and initial jobless claims fell to a pandemic low.
Read moreThe September Sustainable Investment Update covers broad trends within the ESG landscape that require investor attention.
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