Energy Pushes CPI Higher
June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index (CPI), released June 10, showed headline prices rising 4.2% from a year earlier, the fastest annual pace in roughly three years and the first reading above 4.0% since 2023. The figure landed against the backdrop […]
Strong Hiring Supports Growth
June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US Treasury yields higher. Strong hiring, job openings, and performance in the services and manufacturing sectors reinforced the view that the US economy continues to grow despite elevated energy prices. The conflict with Iran continues to […]
Strong Jobs, Cooling Inflation
May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury yields on the week and a positive backdrop for US equity markets. A deescalation between the US and Iran and a sustainable opening of the Strait of Hormuz will be cathartic for global markets in the short-term, however the Chandler team remains cautious over […]
Whitepaper – GASB 79: Origin and Purpose
Following the 2008–09 financial crisis, the SEC implemented significant reforms to Rule 2a-7 governing money market funds, including floating net asset values and liquidity restrictions for institutional prime funds. Because GASB guidance for external investment pools had long relied on references to SEC money market fund rules, these regulatory changes created the need for a […]
May 2026 Monthly Bond Market Review
Recent economic data point to renewed inflationary pressure stemming from the conflict in the Middle East, while labor market conditions and consumer spending continue to demonstrate resilience. Headline measures of inflation have moved further above the Federal Reserve longer-run objective, even as core readings remain more contained. The Chandler team expects the Federal Reserve to […]
Oil Surge Fuels Market Volatility
The conflict in the Middle East involving the U.S. and Iran has rapidly shifted the narrative for financial markets and the path forward for the U.S. economy. From a market standpoint, the most notable impact has been in energy markets, where crude oil prices moved sharply higher on concerns over potential supply disruptions and elevated […]
Markets Face Tariffs
Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act of 1974 took effect following the Supreme Court’s decision striking down the administration’s broad use of the International Emergency Economic Powers Act (IEEPA). President Trump initially set the global import surcharge at 10%, effective February […]
Economic Data Signals Resilience
There was a plethora of economic data releases this week with most indicating the resilient economic backdrop remains in place. Arguably the only negative surprise was this morning’s advance report of 4Q GDP, which came in at 1.4% compared to the consensus estimate of 2.8%, with the Bureau of Economic Analysis citing the government shutdown […]
Yields Fall, Growth Outlook Brightens
Volatility picked up across capital markets as US equities and commodities whipsawed while US treasury yields fell throughout the week. Meanwhile, the prospect for positive near-term growth improved according to US purchasing managers. The Institute for Supply Management’s manufacturing and services indexes both indicated expansion in January, with the ISM Manufacturing Index rising to 52.6 […]
Fed Holds Rates as Markets Weigh New Data
The market digested a myriad of news this week, with a focus on the Federal Reserve, as well as incoming economic data, Megacap earnings, and a looming partial federal government shutdown. As expected, the Federal Reserve kept the federal funds rate on hold at a target range of 3.50%–3.75% at the January meeting, following three […]