7 Jan 2022
Shelby McQuay

A New Year, Continuation of Trends

A stable end to 2021, New Year’s expectations that we will still be dealing with the uncertainties related to the pandemic and Fed policy were confirmed with the release of the most recent Federal Open Market Committee meeting minutes.
17 Dec 2021
Jonathan Schatz

Pendulum Shift

Reactions to actions announced upon conclusion of the Federal Reserve’s Federal Open Market Committee December meeting, where we might go from here, and what the markets think about it.
3 Dec 2021
Brian Reilly, CFA

The Fed Remains the Center of Attention

The emergence of the omicron COVID variant has certainly garnered much attention in the financial markets, but the center of gravity still revolves around the Federal Reserve and the future of its monetary policy actions.
18 Nov 2021
Greg Johnson

Labor Markets and Inflation Concerns Remain Worrisome; Municipal Bond Yield Decline Continues

U.S. Department of Labor reports record number of Americans quit jobs in September; Consumer confidence hits a 10-year low, however, municipal bond yields continue to decline.
27 Oct 2021
Shelby McQuay

A Light News Week May Give Way to Big Headlines from Washington and the Fed

A light news cycle in the markets centers on an uptick in consumer confidence as we await a more lively end to the week with possible news out of Washington and next week’s FOMC meeting.
15 Oct 2021
Jonathan Schatz

All Signs Pointing Up

September inflation data increases unease, Fed minutes provide some insights on its potential plan for tapering, munis hit 2021 high, and GFOA releases new best practices on ESG disclosures.
15 Sep 2021
Shelby McQuay

Market is Eager for New Issues

Municipal yields remain stable while the demand for new issues increases. A sampling of economic data is released and in Washington, proposals on municipal bond law changes are introduced to assist with infrastructure financing to be included in the proposed reconciliation package.
2 Sep 2021
Greg Johnson

Federal Reserve’s Gradual, Measured Approach Continues

Federal Reserve Chair Jerome Powell’s comments last week reiterated a consistent, gradual, and measured approach to achieve the Fed’s goals for inflation and full employment. In the municipal bond market, demand remains strong, and yields remain relatively stable.
18 Aug 2021
Jonathan Schatz

Shadow of 2013?

Fed keeps an eye on economic data and the Delta variant, dismisses 2013 comparisons. Relative stability remains the trend for municipal yields, even as volume slightly increases.
5 Aug 2021
Brian Reilly, CFA

Market Focus is on Washington D.C.

The Federal Open Market Committee concluded its policy meeting last week. The U.S. Treasury has taken “extraordinary measures” in response to the federal government reaching the debt ceiling. Meanwhile, trillions in spending are being debated in both chambers and the markets seem to have yawned at the prospect of higher inflation.