Chasing Yields
Our latest musings about actions and events affecting the investment landscape

Have you forgotten the 10-year .52% return? Opportunity exists today!
According to Bloomberg, J.P. Morgan Chase raised its forecast for 2025 municipal bond issuance from $490 billion to $560 billion.

Private Sector Hiring Lowest Since 2023
The May ADP Employment Report, released today, brought unexpected news-the private sector added only 37,000 jobs, a stark contrast to the anticipated 110,000. These ADP numbers, which reflect the monthly changes in private business hiring, mark the lowest point since...

Are there cracks in the strength of the US Dollar, a potential signal of global economic shifts?
The US Dollar, a symbol of strength and security, is not just a currency but a global’ shelter in the storm.’
Read our latest Market Insights.

Who Will Buy Our Debt Today?
As the US Treasury prepares to sell $39 billion 10-yr bonds today, the big question on economist’s minds is, who will buy our bonds? The Treasury sells billions of dollars in bonds to fund government debt; typically, foreign central banks…

Keeping an Eye on the Dollar
As the U.S. braces for global reactions to tariffs, investor attention has been predominantly focused on how the stock and bond markets are trading.

Market Expectations Reaching New Lows
The investor’s Consumer Confidence Index for March reached a 4-year low of 92.9, down from 100.1 in February, according to The Conference Board. Also released was the Expectation Index, which lists consumers’ short-term outlook for…

Market Uncertainty is Plentiful
As investors weigh the steady volume of negative news and opinions on market uncertainty, there are few places to hide from the storm.

Is the Market Rollercoaster Making You Sick? It Does Not Have to Be That Way
2025 has not been the soaring growth market investors had envisioned, but quite the opposite. Since 1/2/25, the DJIA has dropped from a 42,905.09 high to a low of 41,010.24, a loss of just under 1900 points.

Are We Creeping Toward Stagflation?
Last week, inflation-adjusted consumer spending fell .5%, the most significant monthly decline in four years. Consumers have become increasingly cautious about spending as they digest higher price shocks, pending tariff consequences, the DOGE job losses, and the trickle-down effect of these developments on…

What’s With the Pricing on My Bond Portfolio?
When investors review their monthly portfolio statement the balance reflects market prices which are rough calculations of their worth.

Quick Turnaround in Yields This Week, Opportunity Still Exists
Yesterday, the Consumer Price Index (CPI) number came in lower than expected, highlighting that inflation rose slower than economists predicted. This news drove the 10-year Treasury yield down 13.5 basis points (bps), sending yields lower and erasing last week’s 10bps...

Bond Selloff Has 30-Yr Treasury Approaching 5%
This week, long Treasury Bond yields reached their highest level in months. Today, the 30-yr T reached 4.915%, the highest level in just over a year and a 59-basis-point change since the close on December 6th. This is also a busy week for bond sales. The Treasury sold...