6/9 – Weekly Economic Highlights
Markets breathed a collective sigh of relief this week following the passing and signing of the Fiscal Responsibility Act of 2023, which effectively suspends the federal debt ceiling through January 1, 2025 and averted a potentially catastrophic US government default.
6/2 – Weekly Economic Highlights
This week market participants were focused on continued stress in the banking sector, the Federal Open Market Committee meeting, and the US labor market. Regional banks remain under pressure due to unrealized losses on long-term bond investments, exposure to commercial real estate lending, and reduced demand for low-yielding deposits. Concerns resurfaced in the market earlier this week causing a flight-to-quality rally in US treasuries.
5/26 – Weekly Economic Highlights
This week market participants were focused on continued stress in the banking sector, the Federal Open Market Committee meeting, and the US labor market. Regional banks remain under pressure due to unrealized losses on long-term bond investments, exposure to commercial real estate lending, and reduced demand for low-yielding deposits. Concerns resurfaced in the market earlier this week causing a flight-to-quality rally in US treasuries.
5/19 – Weekly Economic Highlights
This week market participants were focused on continued stress in the banking sector, the Federal Open Market Committee meeting, and the US labor market. Regional banks remain under pressure due to unrealized losses on long-term bond investments, exposure to commercial real estate lending, and reduced demand for low-yielding deposits. Concerns resurfaced in the market earlier this week causing a flight-to-quality rally in US treasuries.
5/12 – Weekly Economic Highlights
This week market participants were focused on continued stress in the banking sector, the Federal Open Market Committee meeting, and the US labor market. Regional banks remain under pressure due to unrealized losses on long-term bond investments, exposure to commercial real estate lending, and reduced demand for low-yielding deposits. Concerns resurfaced in the market earlier this week causing a flight-to-quality rally in US treasuries.
May 2023 – Bond Market Review
Market volatility has intensified as financial conditions tighten and global central banks pursue monetary policies to combat persistently high inflation and maintain financial market stability.
5/05 – Weekly Economic Highlights
This week market participants were focused on continued stress in the banking sector, the Federal Open Market Committee meeting, and the US labor market. Regional banks remain under pressure due to unrealized losses on long-term bond investments, exposure to commercial real estate lending, and reduced demand for low-yielding deposits. Concerns resurfaced in the market earlier this week causing a flight-to-quality rally in US treasuries.
4/28 – Weekly Economic Highlights
Although economic data was fairly light this week, there was a full slate of speaking engagements by members of the Federal Reserve. Each of the Fed speakers, including Federal Reserve Bank of New York President John Williams, were consistent in their messaging for the near-term direction of monetary policy. Williams, who is also Vice-Chairman of the Federal Open Market Committee emphasized that inflation was still too high, and monetary policy tools would be used to restore price stability. The Vice Chairman does diverge from the majority of other central bank members in that he does not expect a recession which was disclosed in the meeting minutes from the March FOMC meeting last week. Each speaker who addressed the topic of monetary tightening signaled the need for at least one additional rate increase to curtail inflation.
4/21 – Weekly Economic Highlights
Although economic data was fairly light this week, there was a full slate of speaking engagements by members of the Federal Reserve. Each of the Fed speakers, including Federal Reserve Bank of New York President John Williams, were consistent in their messaging for the near-term direction of monetary policy. Williams, who is also Vice-Chairman of the Federal Open Market Committee emphasized that inflation was still too high, and monetary policy tools would be used to restore price stability. The Vice Chairman does diverge from the majority of other central bank members in that he does not expect a recession which was disclosed in the meeting minutes from the March FOMC meeting last week. Each speaker who addressed the topic of monetary tightening signaled the need for at least one additional rate increase to curtail inflation.
Press Release: Chandler Announces New Hires
The firm has hired a Chief Compliance Officer/General Counsel and a Senior Credit Analyst to enhance its compliance and investment capabilities.