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
December 2025 – Bond Market Review
The near-term economic outlook continues to be distorted by the data delays from the government shutdown. Recently released government data—reflecting
12/19/25: Inflation Slows; Labor Market Shows Signs of Cooling
Although the data lag from the government shutdown remains a factor, this week provided a slew of catch-up economic data
12/12/25: The Fed Lowers Rates in December
The Federal Reserve Open Market Committee (FOMC) concluded their final meeting of the year and reduced the Fed Funds rate
12/5/25: Bond Yields Rise Amid Fed Independence Concerns
The government shutdown is still causing data availability issues, including no employment report for November which would have been published
November 2025 – Bond Market Review
After 43 days, Congress voted to end the longest shutdown in U.S. government history. The resolution spurred a brief rally
11/21/25: Consumer Sentiment Dips Amidst Market Uncertainty
U.S. government economic data began to flow again this week after the 43-day shutdown. The September labor report reflected stronger
11/14/25: Government Shutdown Ends; Market Uncertainty Continues
After 43 days, Congress voted to end the longest shutdown in US government history. The end provided a short-lived rally
11/7/25: Markets Cautious as Historic Shutdown Continues
Financial markets adopted a cautious tone this week as investors navigated limited visibility into the economy while the federal government
October 2025 – Bond Market Review
Gauging economic data for September has been inhibited by the Federal Government shutdown. Government agencies such as the Bureau of
We are excited to attend the Association of California Water Agencies Fall Virtual Conference. Our professionals look forward to seeing our clients, partners, and friends at live chats or web meetings. Please visit our virtual exhibit hall to participate in fun games.