Weekly Update

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Fed’s Powell to Give Virtual Remarks at Jackson Hole GatheringBiggest Tax Hike on Wealthy Since ‘93 Is Bogged Down in U.S. Congress The US Treasury yield curve bull flattened in the week as investors and analysts tempered their expectations for

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week CPI Rate of Increase ModeratesConsumer Sentiment Plunges An important week for inflation as CPI and PPI both reported numbers that were high but showing signs of moderating. The US Treasury yield curve was virtually unchanged for the week. With the good

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week US Treasury Expects to Cut November Funding NeedsUnemployment Rate Sinks With COVID variants spreading, companies reporting and entertainment events happening, the markets ranged from concerns of a slow down, to the reopening is happening on schedule. The US Treasury yield

Written by Peter Baden, CFA, Chief Investment Officer Headlines of the Week GDP Stronger Than It SeemsFed Guarding Jobs as Delta, Prices Surge What started out as potentially busy and exciting, turned into a relatively quiet summer week. The US Treasury yield curve continue to flatten, marking almost two months of steadily

Written by Sarah Conwell, Portfolio Manager Headlines of the Week ECB Signals Readiness to Curb Bank Dividends When Cap LiftsDow jumps 200 points, S&P 500 rises to record as stocks head for winning week The US Treasury yield curve was again little changed in the week, with yields in the belly

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Fed Chair Powell grilled by grouchy senators over inflation and climate change, even as economy reboundsU.S. Senate Democrats agree to $3.5 trln for budget reconciliation bill The US Treasury yield curve was little changed week-over-week, with the largest movement coming in

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Fed Says U.S. Economic Activity Has Picked Up to Moderate PaceCoinbase stock closes down day after landmark Nasdaq debut The US Treasury yield curve flattened for the second week in a row as traders attempt to reconcile current interest rates

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Biden open to negotiating on corporate tax hike, but says U.S. must take bold action on infrastructureExplainer: What is a global minimum tax and how could it affect companies, countries? The US Treasury yield curve bull flattened in the week,

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Suez Canal: Ships stuck in 'traffic jam' as salvage efforts continueBuild America Bonds may be key to financing Biden’s infrastructure plans The US Treasury yield curve flattened in the week, with long-term yields declining roughly 9 basis points (bps). For

Written by Sarah Conwell, Portfolio Manager Headlines of the Week Here are the highlights from the heated exchange between the U.S. and China in AlaskaFed won’t extend relief for banks from key capital rule The US Treasury yield curve steepened yet again in the week, as the market grappled with the