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Market CommentaryBond Markets

The Fixed Income Brief: Summer Daze

On the back of the May non-farm payroll release, fixed income investors can take away signs of progress on both the inflation and the Fed induced slowing of growth. Data supports no change in the Fed…
shoreline with footprints in sand
Market CommentaryBond Markets

The Fixed Income Brief: Running to Standstill

Markets continue to take their lumps as central banks dole out their medicine of rate hikes to cure inflation. Despite the risk off tone and major correction in risk asset prices, there is no sense…
modern stairs amphitheater
Market CommentaryBond Markets

The Fixed Income Brief: Shelter From The Storm

Powell has been given four more years to steer the U.S. economy through these tumultuous waters. Unfortunately, investors are struggling to find their footing and continue to get seasick as they face…
stairs in forest
Market CommentaryBond Markets

The Fixed Income Brief: Stair Master

Powell and the FOMC brought out the big guns - 0.50 caliber status we might say - and the Fed intends to use it at least a couple more times. This takes any chance of +75bps off the table and lays…
modern bridge across river
Market CommentaryBond Markets

The Fixed Income Brief: Hollywood Ending?

The Fed takes center stage this week as it attempts to dance its way out of inflation, whilst trying not to sour the tone of the music. The expected +50bps is priced in, but Chairman Powell’s…
sand pattern
Market CommentaryBond Markets

The Fixed Income Brief: The Everchanging Dot-Plot

The Fed has signaled that they could be even more aggressive than they have currently forecasted, increasing chances of recession over the next two years, and having traders scramble to predict the…
mountain goat on cliff
Market CommentaryBond Markets

The Fixed Income Brief: Balancing Act

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.
top gun fighter jet scene
Market CommentaryBond Markets

The Fixed Income Brief: Yield Curve Flashing in the Danger Zone

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…
sun rising over mountain ridge and lake
Market CommentaryBond Markets

The Fixed Income Brief: All Rise

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…