Chasing Yields
Our latest musings about actions and events affecting the investment landscape
It Could Get Ugly Before It Improves
Concerns about private equity investing escalated this month when Blue Owl Capital, a private equity management firm, restricted investor withdrawal requests from its private credit fund (OBDCII) after selling $1.4 billion in assets to meet those demands.
The Elephant In The Room, No One Is Talking About
As we start an abbreviated week in the market, investors will be closely monitoring the release of the FOMC minutes for insights into the Federal Reserve’s monetary policy stance.
The Road to Fed Chair Confirmation
Now that the President has nominated Kevin Warsh to be Chairman of the Federal Reserve, the discussion begins about the influence he will have on the Board and the direction of interest rates in the coming months.
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Treasury Watch This Week
In addition to this week’s ADP private-sector employment report for January, traders will be closely monitoring an announcement from the Treasury Department regarding the potential increase in future auction sizes, particularly for long-term borrowing.
Powell keeps to the script
This week, the Federal Reserve Committee elected to keep the Fed Funds Rate the same. Chairman Powell indicated there was broad approval from the Board to leave rates neutral.
Munis – No speculation, no hype!
As the new year unfolds, investors face a dizzying array of choices. The AI boom continues to dominate headlines. Cryptocurrencies promise revolutionary returns.
Caution Still Necessary in Stagnant Job Market
Job Openings and Labor Turnover Survey (JOLTS) numbers were released this week from the Bureau of Labor Statistics indicating that there were 7.15 million jobs opened at the end of November.
Bond Market Likes Soft Economic News
Treasuries edged lower today after the Bureau of Labor Statistics announced October and November job reports.
The Bond Market Keeps an Eye on the Big Picture
While investors wait for the results of the FOMC meeting and an anticipated cut, the bond market is keeping an eye on the bigger picture.
The Fed Watch Is On
Traders are very optimistic that the Federal Reserve Committee will cut interest rates at its upcoming policy meeting on December 10th.
Could This Be The Right Time To Buy Municipal Bonds?
With yields still elevated and rate expectations shifting, many investors are taking a fresh look at Municipal Bonds.
Do We Have A Double Economy Right Now?
Investors have notably increased their investments in artificial intelligence stocks this year, capitalizing on the surge in AI-related sectors and the market’s recent highs, resulting in record levels of investment.