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InsightsBond Markets

The 2022 Outlook for Fixed Income

In our view, the outlook for bond investors in 2022 is dominated by the inflation story. We emphasize the importance of understanding the key components that are likely to impact inflation in the…
river with rapids
Market CommentaryBond Markets

The Fixed Income Brief: Rapid Progress

Federal Reserve Chairman Powell and the FOMC sped up the tapering process and introduced potentially three rate hikes into 2022 to stem off inflation. The question on investors’ minds is whether…
stormy sea
Market CommentaryBond Markets

The Fixed Income Brief: Pow Pow(ell)

Better jobs data and worse inflation data push the Fed to accelerate tapering as the market prices in an earlier hike in 2022.
windy road through forest
Market CommentaryBond Markets

The Fixed Income Brief: Double Pivot

The Powell/Yellen show was in full effect this week – front running the next Fed meeting to avoid the ongoing debate around the “transitory” nature of inflation.
mountains with dark clouds
Market CommentaryBond Markets

The Fixed Income Brief: Take Rates “Easy On Me,” FOMC

As Adele released her much-anticipated 30 album, fixed income investors are hoping to avoid similar emotional trauma she went through in her breakup as Powell and the FOMC begin to remove the Fed’s…
stone path crumbles into sea
Market CommentaryBond Markets

The Fixed Income Brief: Inflation Not So Transitory – For Now

The recent inflation numbers show that ‘transitory’ may have only been wishful thinking by the Fed; though the medium-term outlook the central bank is relying on may be under threat, investors…
Staircase with city riverside view
Market CommentaryBond Markets

Factors Affecting Fixed Income Now: Key Developments in the Muni Market

John Hallacy shares his take on how the Fed taper, passage of the infrastructure bill, and inflation will impact the muni market.
forest clearing
Market CommentaryBond Markets

The Fixed Income Brief: “Taper is Coming” – House Powell

As tapering is (finally) confirmed and clarified by Powell, rates remained relatively flat as the wind down had already been priced in by the market.
rocky shore at dusk
Market CommentaryBond Markets

The Fixed Income Brief: Investors Not Spooked by Inflation

As we head into Halloween weekend, it looks like U.S. investors are becoming less scared of inflation but are now a bit more frightened about peak growth expectations as Powell and the Fed plan to…