Latest News COMBINED
Our latest insights on bond market activity and events affecting the investment landscape.
Eye-Opening Multi-Year Highs on Treasury Bond Yields Across the Curve
The market seems to be signaling to the Fed that curbing inflationary pressures on consumers will not be a quick fix.
From the Desk of David Loesch – September 17, 2026
The Federal Reserve raised its target rate a quarter point to a range of 3.75% to 4% this week, its first hike since 2023.
The Committee is Unanimous!
The long-anticipated decision from the Federal Open Market Committee today was to raise the Fed Funds Rate by a quarter point, the first hike in three years, as the Fed moves to combat rising inflation risks. The Committee voted unanimously to lift rates to a new...
From the Desk of David Loesch – September 10, 2026
Heading into the September 16 FOMC decision, swaps and futures markets imply roughly 60% odds that the Fed lifts its target range to 3.75%–4%.
Caught Between Two Pressures
Heading into the September 16 FOMC decision, swaps and futures markets imply roughly 60% odds that the Fed lifts its target range to 3.75%–4%.That puts the market and the White House on opposite sides of the same question.
From the Desk of David Loesch – September 3, 2026
The municipal market has been caught up in a broader global bond selloff over the past few weeks, driven by rising oil prices and inflation concerns. Treasury yields moved higher alongside munis, and the move was not confined to the U.S.
Cash on the Sidelines: A Closer Look at the $7.9 Trillion Question
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.
From the Desk of David Loesch — August 6, 2026
NYC dodges a downgrade. Here’s what that means for your muni portfolio.
Treasury Releases Quarterly Auction Schedule
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.
From the Desk of David Loesch — July 30, 2026
The Federal Reserve held rates steady this week, but the vote itself was the story. Three regional Fed presidents — Cleveland’s Beth Hammack, Minneapolis’s Neel Kashkari, and Dallas’s Lorie Logan — dissented in favor of a quarter-point hike.
Warsh Takes The Helm With Clear Message
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.
From the Desk of David Loesch – July 23, 2026
Yields moved higher again this week. The 10-year Treasury touched 4.70% as we write this, and munis and corporates followed, pushing prices lower across the curve.
From the Desk of David Loesch – July 16, 2026
Investors placed more than $70 billion in orders for roughly $2.4 billion of tax-exempt bonds this week, one of the largest order books in municipal market history.
IBM – Timing Is Everything
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
From the Desk of David Loesch — July 9, 2026
Fed Chairman Kevin Warsh’s break from forward guidance is looking less like a one-off posture and more like doctrine.


