Chandler Bond Market Review

Category Archives: Articles


What Does the ECB’s Stimulus Plan Mean for Investors?

Last month, the European Central Bank (ECB) announced an expanded monetary stimulus program aimed at boosting inflation in the euro zone. The ECB intends to expand its balance sheet and purchase over €1 trillion in public and private sector bonds … Continue reading

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Connecting the Oil Dots

Much has been written in recent weeks about the global collapse of oil prices. You have undoubtedly heard dozens of facts and figures by now, creating a multitude of data points or dots on the economic landscape for 2015 and … Continue reading

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Season’s Greetings 2014

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Credit and MBS Option Adjusted Spreads in Tightening Cycles

Market volatility is poised to increase as the low interest rate environment of the past several years comes to a conclusion. One of the largest concerns for both institutional and retail investors looking forward into fiscal 2015 and beyond is … Continue reading

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Supranational Securities: A Panacea for California Code?

At Chandler Asset Management we think it is imperative to review risk tolerance, liquidity needs, and return objectives of the overall investment policy of a program on a regular basis. This year, the annual review process takes on a heightened … Continue reading

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Rotation at the Fed – What Does it Mean for Policy in 2015?

Though the precise timing and magnitude of a future fed funds rate hike is uncertain, most market participants expect the Federal Open Market Committee (FOMC) will vote to begin hiking interest rates sometime in the second or third quarter of … Continue reading

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Implications of Institutional Prime Money Market Fund Regulation

The financial crisis of 2008 brought money market funds (MMF) into the crosshairs of regulators as defaults and substantial outflows stressed many funds. In response to the Reserve Primary Fund (A large institutional prime MMF) “breaking the buck” and several … Continue reading

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Global Growth Outlook and Implications for Domestic Interest Rates

The US economy continues to post lackluster growth since the onset of the financial crisis in 2007. The debate amongst economic thought leaders on whether or not the weak growth is structural (long-term) or cyclical is ongoing. The Federal Reserve, … Continue reading

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Registration of Municipal Advisors: Reinforcing Fiduciary Standards

Five years after the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), lawmakers and regulators continue to deliver piecemeal financial reform. One area of focus for the Securities Exchange Commission (SEC) is the municipal securities market, … Continue reading

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Portfolio Construction—Taking Advantage of Volatility and Asset Correlations through Portfolio Rebalancing

The stellar equity market performance of the past two years has hardly gone unnoticed. Stocks measured by the Standard & Poor’s 500 Index (S&P 500) and the Dow Jones Industrial Average Index generated double digit gains in 2012 and 2013.In … Continue reading

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