With the Ukrainian situation very much in focus, Treasury rates moved mostly lower last week. The yield curve exhibited a flattening bias, as longer dated maturities registered the biggest declines. For the week, 10 year treasury yields closed at 2.65%, a drop of eight basis points from the prior week, while two year yields were … Read more
Interest rates were relatively range-bound last week, despite a string of disappointing economic releases. With severe weather across the country having an outsized impact on the economy of late, market participants have been treating the weak data with a high degree of skepticism. We suspect there is further room for data to disappoint relative to … Read more
To download a printable version of this Perspective, please click here. For most investors, fixed income is an important component in a balanced investment portfolio. For high net worth investors, we view it as the most important component. We place an unobstructed focus on protecting and enhancing wealth by minimizing exposure to unnecessary risk. As an asset … Read more
Last July we opined on the steepness of the municipal yield curve and some interesting income opportunities that were available as a result (Steep Yield Curve Presents Income Enhancing Opportunities 7/30/13). With tax exempt yields continuing to rise in August, we wanted to once again highlight some noteworthy developments across the yield curve.
It’s summer. Financial markets are supposed to be in sleep mode till Labor Day. BUT, that has hardly been the case as volatility and uncertainty remains elevated in all asset classes as we approach a possible inflection point in the Federal Reserve’s Quantitative Easing Program (QE).
Bond markets continue to retrace from the 2013 yield highs established on July 5th. For the week ending July 12th, 10 year US Treasuries closed with a yield of 2.58%. 10 year AAA Municipals closed with a yield of 2.66% (103% of Treasuries).
There have been two historically significant opportunities in the tax exempt market over the last five years. The question is: are we in the middle of a third?
The financial markets have experienced a sharp rise in volatility of late, as investors wrestle with the uncertainty of central bank policy and the future direction of interest rates. With 10 year US Treasury rates rising to their highest yield in 15 months, mutual fund shareholders have redeemed shares at a level not seen since … Read more
EJ Reinoso provides commentary to Bloomberg News following S&P’s downgrade of U.S. credit, in this morning’s article “Muni Market Prepares for Loss of AAA Ratings as S&P Downgrades U.S. Credit.”