We're about to find out as the fiscal and monetary spigots keep pouring.
A decade of disinvestment is causing affordability issues, not rampant speculation.
It's time for the Fed to raise overnight rates.
The FOMC didn't budge on policy or alleviate pressure in the overnight market.
It continues to be the issue consensus is worried about.
Rate strategies lead the way for bonds in challenging first quarter.
Liquidity investors have lots to consider, but nothing as pressing as it might seem.
The FOMC observed the economy is improving, but left it at that.
Yields are rising for the right reasons.
A recovering U.S. and ‘modestly’ growing China are good for the EM and everyone.
Short on days, February was long on anxiety for some.
Powell reaffirms commitment to easy money policies to support still-young recovery.
The transition to SOFR is picking up steam.
The new year revives old optimism.
Three things to watch in 2021.
Perhaps due to fiscal stimulus talks, the FOMC meeting was quiet.
The Federal Reserve’s tussle with the White House was something to behold.
Weekly Bond Commentary
We expect third-quarter GDP growth to be the strongest in U.S. history.
Weekly Cash Commentary
Pullback could be in offing against promising long-term outlook.
The money market industry is too focused on the trees.
The Fed sharpens its new policy framework with strong forward guidance.
It starts with the Fed.
A rebound led by the labor market, housing, autos, manufacturing and consumers.
I don't share my neighbor's worry. But this week reminds it's never a 1-way market.
Maybe near-term consolidation. But longer-term, this secular bull has a ways to run.
If the Fed's strategy to spur inflation works better than expected, hikes might come sooner.
Weekly cash commentary
Ultra-easy Fed and record stimulus represent a double dose of support for stocks.
Policy change to let labor market run hot as long as prices don’t.
Weekly bond commentary
An all-in Fed covers a lot of potential worries and issues.
June prime example of how liquidity asset flows benefit investors and the economy.