imtc Market Commentary

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lake treeline
Market CommentaryBond Markets

The Fixed Income Brief: The Calm Before the Storm
Investor focus will start narrowing in on politics and the election, but COVID-19’s impact on economic activity continues to be top of mind for investors. The yield curve flattens on disappointing…
September 27, 2020
federal reserve
Market CommentaryBond Markets

The Fixed Income Brief: Bond Markets Remain in Risk-off Mode
Fed Chairman Powell reiterated the uncertainty and limited impact that policy has to protect jobs and the economy. Fixed income markets remain stable despite geopolitical risks with anticipation of…
September 20, 2020
sand dunes
Market CommentaryBond Markets

The Fixed Income Brief: Markets Begin to Feel the Heat
Further uncertainty is mounting and though most of the risks remain geopolitical in nature, it’s causing markets to behave in an erratic manor. Investors have already seen this begin in equities…
September 13, 2020
shoreline tide with waves
Market CommentaryBond Markets

The Fixed Income Brief: The Fed Leaves Fixed Income Investors In Flux
The Fed’s policy shift was the key driver of bond investor sentiment this week. We saw a decent steepening of the yield curve as the Fed re-committed to low rates for the foreseeable future whilst…
August 30, 2020
shoreline with surfers
Market CommentaryBond Markets

The Fixed Income Brief: A Balance of Risks Keep Markets on Pause
Markets remained relatively steady over the past week with only minor activity in the dog days of summer. While positive earnings and manufacturing and homes sales bolstered sentiment, a lack of…
August 23, 2020
washington monunment
Market CommentaryBond Markets

The Fixed Income Brief: Yields Rise Despite Washington’s Stalemate
Markets were bolstered by promising economic data and stabilization of COVID cases. Yields rise as a result, particularly in the high yield and emerging markets space, while munis continue to see…
August 16, 2020
rocky ridge
Market CommentaryBond Markets

The Fixed Income Brief: Rates Lower Again as Washington Continues to Squabble
Weekly jobless claims data came in better than expected with 1.186 million last week compared to economist expectations of 1.42 million. Fixed income markets continue to see rates move lower with…
August 9, 2020
marina with mountains in distance
Market CommentaryBond Markets

The Fixed Income Brief: Rates Lower as Hope for an Economic Recovery Dims
U.S. gross domestic product plunged by a record 32.9% in the second quarter and even though the number was not as bad as originally feared (exp. -34.7%), economic activity remains limited by the…
August 2, 2020
country road with mountains in distance
Market CommentaryBond Markets

The Fixed Income Brief: Are Re-Opening Rollbacks Impacting the Economic Rebound?
As COVID-19 continues to surge in the U.S., rollbacks in opening the economy are stifling market expectations. We see investors continue to remain cautious as spreads tighten, the yield curve…
July 26, 2020