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.

April 2021 – Bond Market Review
We believe economic growth is poised to accelerate meaningfully in the current quarter as vaccine...

Qualified Institutional Buyer (QIB): What Is It and How Has It Changed?
You may be thinking to yourself "what is a Qualified Institutional Buyer (QIB), and why may it be...

A message from the CEO of Chandler Asset Management Inc.
Chandler's CEO and Chief Investment Officer, Martin Cassell, CFA addresses the firm's ongoing...

4/16– Weekly Economic Highlights
This week’s economic data were robust, affirming our view that economic activity is likely to...

Chandler Announces President of Firm and New Chief Compliance Officer
Chandler Asset Management is pleased to announce that in support of its rapid growth as well as...

4/9– Weekly Economic Highlights
According to the Centers for Disease Control and Prevention (CDC), more than a third of the US...

4/2– Weekly Economic Highlights
U.S. nonfarm payrolls were much stronger than expected in March, up 916,000, versus the Bloomberg...

3/26– Weekly Economic Highlights
Recent economic data have been somewhat disappointing. Severe winter weather across many parts of...

3/19– Weekly Economic Highlights
The Federal Open Market Committee kept monetary policy unchanged at their meeting this week as...

3/12– Weekly Economic Highlights
President Biden signed the $1.9 trillion fiscal relief plan yesterday, bringing the total amount...

March 2021 – Bond Market Review
Estimates for US gross domestic product (GDP) growth this year have been revised higher. The...

3/5– Weekly Economic Highlights
U.S. nonfarm payrolls were stronger than expected in February, up 379,000, versus the Bloomberg...

2/26– Weekly Economic Highlights
Treasury yields climbed this week, with the 10-year Treasury yield rising roughly 12 basis points...

2/19– Weekly Economic Highlights
Following a somewhat sluggish holiday shopping season, retail sales picked up in January assisted...

2/12– Weekly Economic Highlights
During a virtual presentation for the Economic Club of New York this week, Fed Chair Powell...

February 16-18: Chandler Attends the 2021 CSMFO Virtual Conference & Exhibition
We are excited to attend the California Society of Municipal Finance Officers (CSMFO)'s Virtual...

February 2021 – Bond Market Review
We believe financial market participants are mostly shrugging off current economic data, which...

2/5– Weekly Economic Highlights
The labor market remained under pressure in January. U.S. nonfarm payrolls were up just 49,000 in...

January 2021 – Bond Market Review
While we remain optimistic about the longer-term outlook, recent economic data suggests that the...

December 2020 – Bond Market Review
The economy has improved significantly from the early stage of the pandemic, but GDP remains well...

Chandler’s Professionals at the 2020 ACWA Fall Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Fall Virtual Conference. Our...

November 2020 – Bond Market Review
While near-term headwinds from the pandemic and lack of additional fiscal relief continue to...

Negative Yields – And Why They are (Still) Unlikely to Happen in the U.S.
Please see Chandler’s updated whitepaper where we revisit “Negative Yields – and Why they are...

Senate Bill No. 998
At Chandler Asset Management, we believe it is imperative that every California Local Agency...

October 2020 – Bond Market Review
US equities experienced a moderate selloff in September (with the S&P 500 index down 3.9%...

October 14-15: Chandler Attends the 2020 CAJPA Virtual Conference & Exhibition
We are excited to attend the California Association of Joint Powers Authorities Virtual...

Chandler Participates in 2020 Association of California Healthcare Districts
We are excited to attend the Association of California Healthcare Districts 68th Annual Virtual...

Chandler’s Professionals to present at the 2020 WFOA 65th Annual Virtual Conference
Managing Portfolio Duration Chandler is pleased to sponsor the 2020 Washington Finance Officers...

September 2020 – Bond Market Review
The US economy continues to experience a somewhat uneven and slowing pace of recovery, consistent...

Chandler Strengthens Business Efforts with Two New Offices and Additional Professionals
Chandler Asset Management is pleased to announce that it is enhancing its services to its clients...

Finding Safety in a Volatile Corporate Market
Over the past 20 years, there has been a significant shift in the ratings composition of the...

August 2020 – Bond Market Review
The second quarter was likely the low point for economic activity and the consensus forecast calls...

Chandler’s Professionals at the 2020 ACWA Summer Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Summer Virtual Conference....

July 2020 – Bond Market Review
We believe the economy contracted sharply in the second quarter, but market participants are...

Chandler’s Professional to present at the CSMFO Webinar Series 2020
Navigating your Investment Portfolio Through Tumultuous Times Best Practices in Response to the...

June 2020 – Bond Market Review
The National Bureau of Economic Research has officially determined that the US economy entered a...

State of the Municipal Bond Market
Financial markets have suffered tremendous volatility in the wake of the COVID-19 pandemic, and...

Diversity & Inclusion for Finance Officers
At the 2020 CSMFO Conference, Mia Corral Brown, Senior Relationship Manager facilitated a panel of...

May 2020 – Bond Market Review
Financial market turbulence eased in April and the S&P 500 index increased 12.7% in the month,...

Chandler’s Professionals to present at the CDIAC’s 2020 Advanced Public Funds Investing
The Analytics of Portfolio Decision-Making The Advanced Public Funds Investing will take place...

Chandler’s 2020 Economic Outlook
We expect US economic growth to moderate in 2020 toward trend growth of 1.8% compared to 2.3% in...

Chandler’s Professionals at the 2019 ACWA Fall Conference & Exhibition
Supporting ACWA's Conference Theme: Partnerships in Action! We are excited to attend the...

Chandler’s Professionals to present at the CGFOA’s 2019 Annual Conference
Strategies for Investing in the Current Market Environment The 2019 Annual Colorado Government...

Negative Yields – And Why They’re Unlikely to Happen in the U.S.
Imagine a world where lenders pay you to borrow money from them; debt service on mortgages is...

Recession or Slower Growth?
A popular recession warning has been flashing red recently

The $4 Trillion Conundrum
An Analysis of the Federal Reserve’s Balance Sheet and Reduction

Chandler’s Professionals to present at the CDIAC and CMTA’s joint Seminar
Fundamentals of Public Funds Investing January 18-19, 2017

The Disconnect Between Interest Rates and Federal Reserve Projections
Who is Correct?

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.

Enhanced Cash Investing
An Attractive Strategy for your Portfolio’s Cash Allocation In the shadow of the recent Brexit...

Resiliency of Asset Backed Security Structures
A key tool to a diversified investment program

Decomposition of a Deal and Debt
Corporate mergers and acquisitions pose risks to investors Investing in corporate debt can provide...

4/16– Weekly Economic Highlights
This week’s economic data were robust, affirming our view that economic activity is likely to...

4/9– Weekly Economic Highlights
According to the Centers for Disease Control and Prevention (CDC), more than a third of the US...

4/2– Weekly Economic Highlights
U.S. nonfarm payrolls were much stronger than expected in March, up 916,000, versus the Bloomberg...

3/26– Weekly Economic Highlights
Recent economic data have been somewhat disappointing. Severe winter weather across many parts of...

3/19– Weekly Economic Highlights
The Federal Open Market Committee kept monetary policy unchanged at their meeting this week as...

3/12– Weekly Economic Highlights
President Biden signed the $1.9 trillion fiscal relief plan yesterday, bringing the total amount...

3/5– Weekly Economic Highlights
U.S. nonfarm payrolls were stronger than expected in February, up 379,000, versus the Bloomberg...

2/26– Weekly Economic Highlights
Treasury yields climbed this week, with the 10-year Treasury yield rising roughly 12 basis points...

2/19– Weekly Economic Highlights
Following a somewhat sluggish holiday shopping season, retail sales picked up in January assisted...

2/12– Weekly Economic Highlights
During a virtual presentation for the Economic Club of New York this week, Fed Chair Powell...

2/5– Weekly Economic Highlights
The labor market remained under pressure in January. U.S. nonfarm payrolls were up just 49,000 in...

April 2021 – Bond Market Review
We believe economic growth is poised to accelerate meaningfully in the current quarter as vaccine...

March 2021 – Bond Market Review
Estimates for US gross domestic product (GDP) growth this year have been revised higher. The...

February 2021 – Bond Market Review
We believe financial market participants are mostly shrugging off current economic data, which...

January 2021 – Bond Market Review
While we remain optimistic about the longer-term outlook, recent economic data suggests that the...

December 2020 – Bond Market Review
The economy has improved significantly from the early stage of the pandemic, but GDP remains well...

November 2020 – Bond Market Review
While near-term headwinds from the pandemic and lack of additional fiscal relief continue to...

October 2020 – Bond Market Review
US equities experienced a moderate selloff in September (with the S&P 500 index down 3.9%...

September 2020 – Bond Market Review
The US economy continues to experience a somewhat uneven and slowing pace of recovery, consistent...

August 2020 – Bond Market Review
The second quarter was likely the low point for economic activity and the consensus forecast calls...

July 2020 – Bond Market Review
We believe the economy contracted sharply in the second quarter, but market participants are...

June 2020 – Bond Market Review
The National Bureau of Economic Research has officially determined that the US economy entered a...

May 2020 – Bond Market Review
Financial market turbulence eased in April and the S&P 500 index increased 12.7% in the month,...

Qualified Institutional Buyer (QIB): What Is It and How Has It Changed?
You may be thinking to yourself "what is a Qualified Institutional Buyer (QIB), and why may it be...

Negative Yields – And Why They are (Still) Unlikely to Happen in the U.S.
Please see Chandler’s updated whitepaper where we revisit “Negative Yields – and Why they are...

Senate Bill No. 998
At Chandler Asset Management, we believe it is imperative that every California Local Agency...

Finding Safety in a Volatile Corporate Market
Over the past 20 years, there has been a significant shift in the ratings composition of the...

State of the Municipal Bond Market
Financial markets have suffered tremendous volatility in the wake of the COVID-19 pandemic, and...

Chandler’s 2020 Economic Outlook
We expect US economic growth to moderate in 2020 toward trend growth of 1.8% compared to 2.3% in...

Negative Yields – And Why They’re Unlikely to Happen in the U.S.
Imagine a world where lenders pay you to borrow money from them; debt service on mortgages is...

Recession or Slower Growth?
A popular recession warning has been flashing red recently

The $4 Trillion Conundrum
An Analysis of the Federal Reserve’s Balance Sheet and Reduction

The Disconnect Between Interest Rates and Federal Reserve Projections
Who is Correct?

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.

Enhanced Cash Investing
An Attractive Strategy for your Portfolio’s Cash Allocation In the shadow of the recent Brexit...

Resiliency of Asset Backed Security Structures
A key tool to a diversified investment program

Decomposition of a Deal and Debt
Corporate mergers and acquisitions pose risks to investors Investing in corporate debt can provide...

Chandler Announces President of Firm and New Chief Compliance Officer
Chandler Asset Management is pleased to announce that in support of its rapid growth as well as...

February 16-18: Chandler Attends the 2021 CSMFO Virtual Conference & Exhibition
We are excited to attend the California Society of Municipal Finance Officers (CSMFO)'s Virtual...

Chandler’s Professionals at the 2020 ACWA Fall Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Fall Virtual Conference. Our...

October 14-15: Chandler Attends the 2020 CAJPA Virtual Conference & Exhibition
We are excited to attend the California Association of Joint Powers Authorities Virtual...

Chandler Participates in 2020 Association of California Healthcare Districts
We are excited to attend the Association of California Healthcare Districts 68th Annual Virtual...

Chandler’s Professionals to present at the 2020 WFOA 65th Annual Virtual Conference
Managing Portfolio Duration Chandler is pleased to sponsor the 2020 Washington Finance Officers...

Chandler Strengthens Business Efforts with Two New Offices and Additional Professionals
Chandler Asset Management is pleased to announce that it is enhancing its services to its clients...

Chandler’s Professionals at the 2020 ACWA Summer Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Summer Virtual Conference....

Chandler’s Professional to present at the CSMFO Webinar Series 2020
Navigating your Investment Portfolio Through Tumultuous Times Best Practices in Response to the...

Diversity & Inclusion for Finance Officers
At the 2020 CSMFO Conference, Mia Corral Brown, Senior Relationship Manager facilitated a panel of...

A message from the CEO of Chandler Asset Management Inc.
Chandler's CEO and Chief Investment Officer, Martin Cassell, CFA addresses the firm's ongoing...

Chandler’s Professionals to present at the CDIAC’s 2020 Advanced Public Funds Investing
The Analytics of Portfolio Decision-Making The Advanced Public Funds Investing will take place...

Chandler’s Professionals at the 2019 ACWA Fall Conference & Exhibition
Supporting ACWA's Conference Theme: Partnerships in Action! We are excited to attend the...

Chandler’s Professionals to present at the CGFOA’s 2019 Annual Conference
Strategies for Investing in the Current Market Environment The 2019 Annual Colorado Government...

Chandler’s Professionals to present at the CDIAC and CMTA’s joint Seminar
Fundamentals of Public Funds Investing January 18-19, 2017

April 2021 – Bond Market Review
We believe economic growth is poised to accelerate meaningfully in the current quarter as vaccine...

Qualified Institutional Buyer (QIB): What Is It and How Has It Changed?
You may be thinking to yourself "what is a Qualified Institutional Buyer (QIB), and why may it be...

A message from the CEO of Chandler Asset Management Inc.
Chandler's CEO and Chief Investment Officer, Martin Cassell, CFA addresses the firm's ongoing...

4/16– Weekly Economic Highlights
This week’s economic data were robust, affirming our view that economic activity is likely to...

Chandler Announces President of Firm and New Chief Compliance Officer
Chandler Asset Management is pleased to announce that in support of its rapid growth as well as...

4/9– Weekly Economic Highlights
According to the Centers for Disease Control and Prevention (CDC), more than a third of the US...

4/2– Weekly Economic Highlights
U.S. nonfarm payrolls were much stronger than expected in March, up 916,000, versus the Bloomberg...

3/26– Weekly Economic Highlights
Recent economic data have been somewhat disappointing. Severe winter weather across many parts of...

3/19– Weekly Economic Highlights
The Federal Open Market Committee kept monetary policy unchanged at their meeting this week as...

3/12– Weekly Economic Highlights
President Biden signed the $1.9 trillion fiscal relief plan yesterday, bringing the total amount...

March 2021 – Bond Market Review
Estimates for US gross domestic product (GDP) growth this year have been revised higher. The...

3/5– Weekly Economic Highlights
U.S. nonfarm payrolls were stronger than expected in February, up 379,000, versus the Bloomberg...

2/26– Weekly Economic Highlights
Treasury yields climbed this week, with the 10-year Treasury yield rising roughly 12 basis points...

2/19– Weekly Economic Highlights
Following a somewhat sluggish holiday shopping season, retail sales picked up in January assisted...

2/12– Weekly Economic Highlights
During a virtual presentation for the Economic Club of New York this week, Fed Chair Powell...

February 16-18: Chandler Attends the 2021 CSMFO Virtual Conference & Exhibition
We are excited to attend the California Society of Municipal Finance Officers (CSMFO)'s Virtual...

February 2021 – Bond Market Review
We believe financial market participants are mostly shrugging off current economic data, which...

2/5– Weekly Economic Highlights
The labor market remained under pressure in January. U.S. nonfarm payrolls were up just 49,000 in...

January 2021 – Bond Market Review
While we remain optimistic about the longer-term outlook, recent economic data suggests that the...

December 2020 – Bond Market Review
The economy has improved significantly from the early stage of the pandemic, but GDP remains well...

Chandler’s Professionals at the 2020 ACWA Fall Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Fall Virtual Conference. Our...

November 2020 – Bond Market Review
While near-term headwinds from the pandemic and lack of additional fiscal relief continue to...

Negative Yields – And Why They are (Still) Unlikely to Happen in the U.S.
Please see Chandler’s updated whitepaper where we revisit “Negative Yields – and Why they are...

Senate Bill No. 998
At Chandler Asset Management, we believe it is imperative that every California Local Agency...

October 2020 – Bond Market Review
US equities experienced a moderate selloff in September (with the S&P 500 index down 3.9%...

October 14-15: Chandler Attends the 2020 CAJPA Virtual Conference & Exhibition
We are excited to attend the California Association of Joint Powers Authorities Virtual...

Chandler Participates in 2020 Association of California Healthcare Districts
We are excited to attend the Association of California Healthcare Districts 68th Annual Virtual...

Chandler’s Professionals to present at the 2020 WFOA 65th Annual Virtual Conference
Managing Portfolio Duration Chandler is pleased to sponsor the 2020 Washington Finance Officers...

September 2020 – Bond Market Review
The US economy continues to experience a somewhat uneven and slowing pace of recovery, consistent...

Chandler Strengthens Business Efforts with Two New Offices and Additional Professionals
Chandler Asset Management is pleased to announce that it is enhancing its services to its clients...

Finding Safety in a Volatile Corporate Market
Over the past 20 years, there has been a significant shift in the ratings composition of the...

August 2020 – Bond Market Review
The second quarter was likely the low point for economic activity and the consensus forecast calls...

Chandler’s Professionals at the 2020 ACWA Summer Virtual Conference & Exhibition
We are excited to attend the Association of California Water Agencies Summer Virtual Conference....

July 2020 – Bond Market Review
We believe the economy contracted sharply in the second quarter, but market participants are...

Chandler’s Professional to present at the CSMFO Webinar Series 2020
Navigating your Investment Portfolio Through Tumultuous Times Best Practices in Response to the...

June 2020 – Bond Market Review
The National Bureau of Economic Research has officially determined that the US economy entered a...

State of the Municipal Bond Market
Financial markets have suffered tremendous volatility in the wake of the COVID-19 pandemic, and...

Diversity & Inclusion for Finance Officers
At the 2020 CSMFO Conference, Mia Corral Brown, Senior Relationship Manager facilitated a panel of...

May 2020 – Bond Market Review
Financial market turbulence eased in April and the S&P 500 index increased 12.7% in the month,...

Chandler’s Professionals to present at the CDIAC’s 2020 Advanced Public Funds Investing
The Analytics of Portfolio Decision-Making The Advanced Public Funds Investing will take place...

Chandler’s 2020 Economic Outlook
We expect US economic growth to moderate in 2020 toward trend growth of 1.8% compared to 2.3% in...

Chandler’s Professionals at the 2019 ACWA Fall Conference & Exhibition
Supporting ACWA's Conference Theme: Partnerships in Action! We are excited to attend the...

Chandler’s Professionals to present at the CGFOA’s 2019 Annual Conference
Strategies for Investing in the Current Market Environment The 2019 Annual Colorado Government...

Negative Yields – And Why They’re Unlikely to Happen in the U.S.
Imagine a world where lenders pay you to borrow money from them; debt service on mortgages is...

Recession or Slower Growth?
A popular recession warning has been flashing red recently

The $4 Trillion Conundrum
An Analysis of the Federal Reserve’s Balance Sheet and Reduction

Chandler’s Professionals to present at the CDIAC and CMTA’s joint Seminar
Fundamentals of Public Funds Investing January 18-19, 2017

The Disconnect Between Interest Rates and Federal Reserve Projections
Who is Correct?

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.

Enhanced Cash Investing
An Attractive Strategy for your Portfolio’s Cash Allocation In the shadow of the recent Brexit...

Resiliency of Asset Backed Security Structures
A key tool to a diversified investment program

Decomposition of a Deal and Debt
Corporate mergers and acquisitions pose risks to investors Investing in corporate debt can provide...