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 […]
Investment Policy Updates for 2026: Changes to California Government Code
Have you incorporated the latest changes to California Government Code (CGC) into your agency’s investment policy? Changes to CGC occur periodically to refine existing laws or enact new laws. Effective January 1, 2026, Senate Bill 595: • Amends CGC, Section 5360l(h) to allow for the purchase of prime Commercial Paper (CP) with a maximum maturity of […]