INSIGHTS

A Higher Standard

Employees at Chandler abide by the CFA Institute’s Code of Ethics and Standards of Professional Conduct. The members of our firm who hold CFA charters are bound by the Code of Ethics and Standards of Conduct, and everyone at Chandler believes in and upholds the principals of the Code.

If you would like to learn more about this Code of Ethics and what the CFA designation entails, go to the CFA Institute’s website at www.cfainstitute.org.

Views and Perspectives on Markets

Chandler Asset Management offers a wealth of knowledge in our many experienced professionals. The resources listed below provide you with valuable information, including market news and conditions, financial insights, and explanations of the market environment.

Chandler’s publications highlight conditions in the fixed income markets and economic indicators that may affect the bond markets, the yield curve, and Treasury yield spreads. Our weekly and monthly communications, whitepapers authored by investment professionals, participation at industry conferences and events, and other insights and news articles are below. If you would like to receive an electronic monthly copy of the Bond Market Review newsletter or be added to any other mailing lists,  please CONTACT US.

October 2019 – Bond Market Review

October 2019 – Bond Market Review

Labor market and consumer fundamentals remain favorable, but manufacturing data continue to disappoint. We believe economic growth has slowed from earlier this year and downside risks to the outlook remain elevated. The US economy continues to face headwinds from trade disputes, slowing global economic growth, and an uncertain outlook for Brexit. However, we believe accommodative US monetary policy and a collective dovish stance by all of the major global central banks should help to combat the headwinds. We also believe the Trump administration faces significant political pressure to make progress toward a trade agreement with China as we head into an election year.

read more
Get Ready for Rising Rates

Get Ready for Rising Rates

The possibility of sustained economic growth, improvements in consumer confidence and job creation, as well as an increased willingness by the Fed to entertain a tighter monetary policy are factors signaling to investors that the bond markets may be entering a period of rising interest rates. This represents a secular paradigm shift for short-duration fixed- income investors that have seen rates fall and stay at record lows for nearly a decade. As with any turning point, this potential change will create a number of opportunities to enhance earnings. Likewise, this rise in interest rates may bring risks that short-duration investors must be prepared to navigate in order to ensure the safety, liquidity, and return of their investments.

read more
September 2019 – Bond Market Review

September 2019 – Bond Market Review

US economic data is sending conflicting signals about the outlook for economic growth. While US labor market fundamentals and consumer confidence remain strong, trends in the housing market and manufacturing sector have been disappointing, and we believe risks to the economic outlook remain skewed to the downside. Although recent headlines on US-China trade negotiations and Brexit have been incrementally positive, the situations remain fluid and uncertain. Global economic data remains generally lackluster. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks.

read more
August 2019 – Bond Market Review

August 2019 – Bond Market Review

In our view, US domestic economic data remains consistent with a slow growth environment but downside risks to the outlook have increased. The US labor market is strong, wages are growing modestly, and inflation remains contained. However, headwinds from trade disputes, slowing global economic growth, an uncertain outlook for Brexit, and geopolitical tensions have increased. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks. We believe there is a high level of political pressure to make progress toward a trade agreement with China before the election cycle heats up. We also believe a dovish collective stance by major global central banks should help to combat the headwinds to global economic growth.

read more
October 2019 – Bond Market Review

October 2019 – Bond Market Review

Labor market and consumer fundamentals remain favorable, but manufacturing data continue to disappoint. We believe economic growth has slowed from earlier this year and downside risks to the outlook remain elevated. The US economy continues to face headwinds from trade disputes, slowing global economic growth, and an uncertain outlook for Brexit. However, we believe accommodative US monetary policy and a collective dovish stance by all of the major global central banks should help to combat the headwinds. We also believe the Trump administration faces significant political pressure to make progress toward a trade agreement with China as we head into an election year.

read more
September 2019 – Bond Market Review

September 2019 – Bond Market Review

US economic data is sending conflicting signals about the outlook for economic growth. While US labor market fundamentals and consumer confidence remain strong, trends in the housing market and manufacturing sector have been disappointing, and we believe risks to the economic outlook remain skewed to the downside. Although recent headlines on US-China trade negotiations and Brexit have been incrementally positive, the situations remain fluid and uncertain. Global economic data remains generally lackluster. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks.

read more
August 2019 – Bond Market Review

August 2019 – Bond Market Review

In our view, US domestic economic data remains consistent with a slow growth environment but downside risks to the outlook have increased. The US labor market is strong, wages are growing modestly, and inflation remains contained. However, headwinds from trade disputes, slowing global economic growth, an uncertain outlook for Brexit, and geopolitical tensions have increased. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks. We believe there is a high level of political pressure to make progress toward a trade agreement with China before the election cycle heats up. We also believe a dovish collective stance by major global central banks should help to combat the headwinds to global economic growth.

read more
Get Ready for Rising Rates

Get Ready for Rising Rates

The possibility of sustained economic growth, improvements in consumer confidence and job creation, as well as an increased willingness by the Fed to entertain a tighter monetary policy are factors signaling to investors that the bond markets may be entering a period of rising interest rates. This represents a secular paradigm shift for short-duration fixed- income investors that have seen rates fall and stay at record lows for nearly a decade. As with any turning point, this potential change will create a number of opportunities to enhance earnings. Likewise, this rise in interest rates may bring risks that short-duration investors must be prepared to navigate in order to ensure the safety, liquidity, and return of their investments.

read more
October 2019 – Bond Market Review

October 2019 – Bond Market Review

Labor market and consumer fundamentals remain favorable, but manufacturing data continue to disappoint. We believe economic growth has slowed from earlier this year and downside risks to the outlook remain elevated. The US economy continues to face headwinds from trade disputes, slowing global economic growth, and an uncertain outlook for Brexit. However, we believe accommodative US monetary policy and a collective dovish stance by all of the major global central banks should help to combat the headwinds. We also believe the Trump administration faces significant political pressure to make progress toward a trade agreement with China as we head into an election year.

read more
Get Ready for Rising Rates

Get Ready for Rising Rates

The possibility of sustained economic growth, improvements in consumer confidence and job creation, as well as an increased willingness by the Fed to entertain a tighter monetary policy are factors signaling to investors that the bond markets may be entering a period of rising interest rates. This represents a secular paradigm shift for short-duration fixed- income investors that have seen rates fall and stay at record lows for nearly a decade. As with any turning point, this potential change will create a number of opportunities to enhance earnings. Likewise, this rise in interest rates may bring risks that short-duration investors must be prepared to navigate in order to ensure the safety, liquidity, and return of their investments.

read more
September 2019 – Bond Market Review

September 2019 – Bond Market Review

US economic data is sending conflicting signals about the outlook for economic growth. While US labor market fundamentals and consumer confidence remain strong, trends in the housing market and manufacturing sector have been disappointing, and we believe risks to the economic outlook remain skewed to the downside. Although recent headlines on US-China trade negotiations and Brexit have been incrementally positive, the situations remain fluid and uncertain. Global economic data remains generally lackluster. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks.

read more
August 2019 – Bond Market Review

August 2019 – Bond Market Review

In our view, US domestic economic data remains consistent with a slow growth environment but downside risks to the outlook have increased. The US labor market is strong, wages are growing modestly, and inflation remains contained. However, headwinds from trade disputes, slowing global economic growth, an uncertain outlook for Brexit, and geopolitical tensions have increased. The trajectory of economic growth is likely to hinge on the outcome of ongoing trade negotiations as well as policy action by the major global central banks. We believe there is a high level of political pressure to make progress toward a trade agreement with China before the election cycle heats up. We also believe a dovish collective stance by major global central banks should help to combat the headwinds to global economic growth.

read more