imtc Market Commentary

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Explore our insights, news, research, and events on the world of fixed income and technology.
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leafless tree before storm
Market CommentaryBond Markets

The Fixed Income Brief: Powell vs. Putin
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…
February 25, 2022
empty stadium seating
Market CommentaryBond Markets

The Fixed Income Brief: Hut, Hut, (Double) Hike?
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…
February 13, 2022
snowy bridge across river
Market CommentaryBond Markets

The Fixed Income Brief: Gesundheit – It’s a Global Affair
When the Fed sneezes, global rate markets tend to catch a cold. This week rates were sent higher on the back of higher global inflation data and the path set out by Powell and the FOMC last week.
February 6, 2022
cheetah
Market CommentaryBond Markets

The Fixed Income Brief: Powell Be Nimble, Powell Be Quick
At this week’s FOMC meeting, Federal Reserve Chair Powell cemented the first of a series of rate hikes will begin in March. Between the geopolitical situation in the Ukraine, political situation in…
January 30, 2022
rough waves mountain in distance
Market CommentaryBond Markets

The Fixed Income Brief: Bat Out of Hell
As we mourn the passing of Texas-born, 70s rock singer, Michael Lee Aday – better known as Meat Loaf – investors are mourning the loss of their two main guideposts: The Fed and the U.S. Federal…
January 23, 2022
fast cars city lights
Market CommentaryBond Markets

The Fixed Income Brief: That Was Fast – Rates Higher
Minutes from the FOMC meeting in December showed a much more aggressive stance towards unwinding stimulus in the coming month, leaving fixed income investors to reprice their expectations for rate…
January 9, 2022
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…
December 19, 2021
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.
December 12, 2021
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.
December 5, 2021