November 2023 Market Review
U.S. Treasury yields fell across the curve after seven months of rising. The 10-Year yield moved 58 basis points (bps) lower, marking the most significant monthly decline since December 2008. The curve began to invert again as new economic data pointed to...
September 2023 Market Review
September 2023 Market Review Third quarter consumer spending persisted like rain in New England and heat throughout the country. July rainfall in Boston totaled about 11 inches, almost two times the 20-year average. July also set global heat records with over 90...
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...
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