Market Review
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.
Read moreSummer should be a time for rest and relaxation, and perhaps a little quiet reflection. Not so with the markets this season. There were plenty of things to debate and concerns to keep investors’ anxiety levels up.
Read more