Recent Posts

Energy Pushes CPI Higher

June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index

Strong Hiring Supports Growth

June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US

Strong Jobs, Cooling Inflation

May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury

June 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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Holiday Closure Notice:

Chandler will be closed on Friday, July 3 in observance of Independence Day.