WHITE PAPER: Understanding Repurchase Agreements
Local government investment pools (LGIPs) are one of the most common investment products utilized by state and local governments nationwide. Because public funds must be protected while remaining liquid, LGIPs typically invest in low-risk, short-term instruments. One of the most common investments utilized in LGIPs are repurchase agreements, or “repo(s).” Repos are widely used in […]
March 2026 Monthly Bond Market Review
February economic data continued to reflect the measured disinflationary progression that has characterized conditions throughout the post-pandemic normalization cycle, with price pressures maintaining a trajectory toward the Federal Reserve longer-run objective while remaining modestly above the 2.0% target. The unemployment rate edged up to 4.4%, remaining in a historically lower range and affirming that the […]
Tensions in Middle East Intensify Market Volatility
This week, escalating geopolitical tensions in the Middle East further intensified volatility across global capital markets. The conflict with Iran continued to weigh on financial markets as diplomatic efforts showed little progress. Iran rejected a 15 point proposal from the United States, instead submitting conditions that included authority over the Strait of Hormuz, while President […]
WHITEPAPER: Why Real Estate Drives California’s Fiscal Health
It has been stated time and again: Buying a home is the single largest investment most people make; home ownership is a key path to building wealth. For many, it is the American dream. But beyond the individual, what is real estate’s broader impact on the economy, communities, and society? Economy The real estate market […]
Fed Holds; Inflation Pressures Persist
The Federal Open Market Committee (FOMC) held the federal funds rate at 3.50% to 3.75% on Wednesday in an 11 to 1 vote, with Governor Stephen Miran dissenting in favor of a quarter point cut. The accompanying Summary of Economic Projections raised growth forecasts to 2.4% for 2026, lifted headline and core inflation projections to […]
Oil Spike, Fed Meeting Ahead
The conflict with Iran remained the primary driver of market sentiment this week. Oil prices spiked as global supplies remained disrupted with the Strait of Hormuz remaining essentially closed. Against this geopolitical backdrop, a significant downward revision to fourth quarter gross domestic product (GDP), and firm inflation and employment data added to the complex set […]
February 2026 Monthly Bond Market Review
Recent economic data point to moderating inflation and a continued rebalancing in labor market conditions. Although price pressures remain modestly above the Federal Reserve’s longer-run target, the unemployment rate has declined to 4.3%. As the data flow stabilizes, the Chandler team expects further yield curve steepening as the Federal Reserve gradually guides the policy rate […]
Inflation Eases While Consumers Slow Down
The market received some key economic datapoints this week as some reports have been delayed due to the government shutdowns. The long-awaited advance retail sales reading from December was flat on a month-over-month basis, much lower than expected following a strong November print, indicating that holiday spending was pulled forward. Control group sales, which feeds […]
January 2026 Bond Market Review
December economic data signaled moderating inflation alongside a continued rebalancing in labor market conditions, with price pressures still running modestly above the Federal Reserve’s longer‑run objective and the unemployment rate dropping to 4.4%. As the data flow normalizes, the Chandler team anticipates additional yield curve steepening as the Federal Reserve gradually guides the policy rate […]
01/02/2026: Economy Grows, but Confidence Weakens
The market digested key economic datapoints in the last two weeks of 2025. The highly anticipated third quarter US GDP estimate came in at 4.3%, the fastest pace in two years and much stronger than Bloomberg consensus expectations calling for 3.3%. The strong print was primarily driven by consumer spending, which accelerated to 3.5% versus […]
