Aug 10, 2023 | Monthly Commentaries
“Sometimes good things fall apart so better things can fall together.” Marilyn Monroe One of the biggest regrets investors have is overstaying their welcome and holding on to a position for too long. They either miss the opportunity to take profits before things take...Aug 4, 2023 | Notes from the Desk
Notes from the Desk: Today’s Employment Data – Searching for a One-Handed Economist Anyone hoping today’s job numbers would offer clarity on rate hikes would require Harry Truman’s imaginary one-handed economist. On the one hand, job...Aug 2, 2023 | Notes from the Desk
Notes from the Desk: US Treasuries – The Trifecta of Pain The last few days have not been kind to holders of US treasuries, with yields rising and the curve steepening. One. The first surprise was the Bank of Japan (BoJ) making an unexpected change to...Jul 26, 2023 | Notes from the Desk
Notes From the Desk: FOMC Meeting – A Tweak Away As widely expected, the Federal Reserve (Fed) hiked 25bps, bringing the fed funds into a range of 5.25-5.5%. The press release was almost a carbon copy of the one issued at the last meeting, suggesting...Jul 14, 2023 | Monthly Commentaries
“It’s time for the never-tedious Super Bowl halftime show.” The Simpsons At the start of the year, there was a sense of optimism amongst bond investors. It appeared the worst of the rate hikes were behind us, and we were entering the final innings of this...
