Chasing Yields

If you’re weighing municipal bonds against other fixed-income options, the coupon rate alone doesn’t tell the full story.

Just two weeks after unveiling its buyback schedule for the quarter, the Treasury Department announced Wednesday that it’s doubling — at minimum — the size of its liquidity support buyback operations for securities in the 10-year to 30-year range.

According to the Investment Company Institute, money market fund assets totaled $7.91 trillion for the week ending August 5, 2026 — roughly $3.1 trillion of that held in retail accounts, with the remainder in institutional and prime funds.

The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $96.3 billion of privately-held Treasury notes and bonds maturing on August 15, 2026.

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate, and continuing its policy of maintaining ample reserves in the banking system.

One of the most famous and impactful quotes on the importance of understanding history comes from Winston Churchill: “The farther backward you can look, the farther forward you are likely to see.”

On Tuesday, IBM shares crashed roughly 25%, the worst single-day drop in the company’s history, after pre-announcing preliminary Q2 results that badly missed expectations

Every investor is familiar with the quiet frustration of watching a solid return diminish under the weight of taxes and inflation.

Federal Reserve Chairman Kevin Warsh used his appearance with CNBC’s Sara Eisen at the ECB Forum on Central Banking to reaffirm his stance against forward guidance.

One of the most frequent questions fixed-income investors ask is whether it is better to buy individual bonds or invest in a bond fund.

Successful investing starts with one thing — open, honest communication. Just as a doctor needs to know all your symptoms to properly diagnose and treat you.

Bond yields pulled back from last week’s elevated levels today as the 10-year Treasury dipped to a low of 4.47% from the high of 4.69% on 5/19.