August 2023 Market Review
The curve steepened, with long end yields climbing to levels not seen since the fourth quarter of 2022, as the market shifted focus onto supply/demand imbalances in the U.S. Treasury market. The Treasury released issuance forecasts which came in about $1bn per...
July 2023 Market Review
Longer-dated Treasury yields rose in July, while 1- to 5-year maturities remained relatively unchanged. Inflation protected securities outperformed, as long-term inflation expectations rose. The FOMC raised the federal funds rate by 25 basis points (bps) as anticipated, moving the target range to...
June 2023 Market Review
Apple marketed “The future of computing is now” tagline to consumers when it recently launched its Vision Pro virtual reality headset. This technological marvel allows users to simultaneously experience “reality” and “virtual” reality. The second quarter of 2023 presented its fair share...
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...
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...
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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