October 2019 – Bond Market Review

October 2019 – Bond Market Review

Market Summary 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...
Recession or Slower Growth?

Recession or Slower Growth?

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...
The $4 Trillion Conundrum

The $4 Trillion Conundrum

An Analysis of the Federal Reserve’s Balance Sheet and Reduction Operations The severity of the last Great Recession motivated monetary policy makers in the United States and abroad to dig deep into their toolbox to assist their economies in a time of great economic...