Recent Posts

Markets Face Tariffs

Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act

Economic Data Signals Resilience

There was a plethora of economic data releases this week with most indicating the resilient economic backdrop remains in place.

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

March 2021 – Bond Market Review

Estimates for US gross domestic product (GDP) growth this year have been revised higher. The current Bloomberg consensus estimate for 2021 US GDP growth is 5.5% (following a 3.5% decline last year). Although the labor market is still a long way from a full recovery, robust fiscal support should help support the economy in the near-term. During 2020, Congress approved about $3.6 trillion in COVID-19 fiscal relief and the passage of an additional $1.9 trillion relief package is imminent. The White House is also crafting a proposal for an approximate $2 trillion infrastructure spending plan. Meanwhile, Fed policymakers remain dovish and monetary policy remains highly accommodative. Moreover, the vaccine rollout is accelerating at a faster than expected pace. Altogether, we believe these factors could set the economy up for a fairly strong second half of the year.

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