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
Is the US Economy Headed for a Recession in 2019?
A popular recession warning has been flashing red recently as the yield on the 10-year US Treasury notes dipped below the yield on 3-month US Treasury bills, known as a yield curve inversion, for the first time since 2006-07.