Viewpoints Seeking Harmony in Short‑Term Markets Recent volatility in short-term markets will likely, over time, be accompanied by more attractive income opportunities for cash allocations.
In music, two voices raised in harmony can be sublime. In investing, two factors working in harmony can drive results and structural total returns.However, many investors observing bond markets in the first quarter of 2022 found themselves questioning the traditional “duet” of capital appreciation plus carry/income to produce total returns. Negative total returns in short-term bonds – along with uncertainty producing volatility in typically stable short-term rates indices (see Figure 1) – have been a dissonant experience. To Read the Full Article Log In Or Register
Blog ECB: Eyeing a June Rate Cut While the European Central Bank refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely.
Blog Persistent Inflation Pressures Could Delay Fed Action The March U.S. inflation report and other macro data will likely prompt a change in the Federal Reserve’s trajectory in 2024.
Cyclical outlook Diverging Markets, Diversified Portfolios With the paths of major economies poised to diverge, we believe it is critical to actively seek out investment opportunities globally.
Blog Shocking Bonds: Evaluating Advisor Fixed Income Portfolios as the Fed Enters Its Next Phase After two volatile years, we believe conditions are especially compelling for fixed income.
Blog One Hike, Three Hints, and a Surprise Rate Cut Recent signals from major central banks suggest challenges ahead with easing monetary policy amid above-target inflation.
Blog Fed Readies for Rate Cuts: Back Toward Neutral, or Mid‑Cycle Adjustment? Federal Reserve officials appear locked in for multiple rate cuts this year, despite inflation reaccelerating – raising questions about the speed and timing of this easing cycle.
Viewpoints Debt Ceiling Debate: Examining Risks Around the X Date Debt ceiling concerns are rippling through financial markets. We discuss the potential risks and opportunities for investors.
Blog Regional Bank Stress Puts Spotlight on Cash Management Shocks to the U.S. banking system underscore how even cash holdings can involve risk and also suggest that the timeline for a recession may have drawn nearer.