Fed minutes confirmed what many bond investors anticipated: the Fed will be more aggressive on hikes and trimming its balance sheet as it plays catch up on reining in inflation.
Rates markets continue their dismal run as March’s non-farm payroll did little to dissuade investor expectations of a +50bps hike at the next FOMC meeting; the yield curve rolls over with 2-10s…
Powell and the FOMC were not 100% satisfied with the market reaction from last week’s FOMC meeting and needed to reinforce their stance on taming inflation. This caused bond investors to adjust…
As Powell and the FOMC began their assault on stubborn inflation this week with their first rate hike since 2018, market participants question whether they are too late to act, and if so, will the…
Next week will bring the first in a series of expected rate hikes this year as Chairman Powell and the FOMC assess the inflationary impacts of the Russia/Ukraine conflict and the ongoing…
With Russia-Ukraine and the global spillover, inflation, and the changing Fed, there is no shortage of volatility catalysts in the market this week. The two-year chart this week even looks like a V.…
First, we want to extend our thoughts to those who are impacted by the Russian invasion of Ukraine. This Brief is meant to discuss the impacts of all events on bond markets, but we do so without…
What was a boring week for bond investors headed into Thursday’s CPI data release became a bit more exciting as the probability increased that the Fed will move rates higher and faster than…