May 2023 Market Review

U.S. Treasury yields moved higher in May, driven by softening economic data and hawkish rhetoric from several Fed speakers, who left the door open for more hikes after an anticipated “pause” at the June meeting. The front end led the move, with...

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March 2023 Market Review

Recent statistics indicate that air travel for business or leisure is back to 2019 levels. While navigating the friendly skies may be back to normal, daily activity in the investment markets is anything but! During the first quarter of 2023, markets ebbed...

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February 2023 Market Review

U.S. Treasury yields rose across the curve in February as new data reflected a resilience in the economy that was not widely anticipated by investors. The belly of the curve rose the most, with the 5- and 10-year U.S. Treasury yields jumping...

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January 2023 Market Review

U.S. Treasury prices climbed in January as foreign and domestic investors took advantage of attractive all-in yields offered in fixed income. The 2-year/10-year curve inverted further to -70 basis points (bps) and the 10-year U.S. Treasury yield closed at 3.54%. TIPS performance...

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December 2022 Market Review

Ask the current CEO of soccer (football) club Paris-Saint Germain about labor costs and he will undoubtedly say expensive. His star footballer, Leo Messi, who recently guided Argentina to a World Cup victory, verbally agreed to extend his current 8-figure contract. Similar...

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November 2022 Market Review

The FOMC raised rates another 75 basis points (bps) in November. Yields fell and the curve flattened after October inflation data surprised to the downside. The 10-year U.S. Treasury yield closed on the lows for the month at 3.62%. The 2-year/10-year curve...

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