Bond Market Review – 09/10/2021

Dangerous Curves Ahead Not only was there a huge jobs miss in August, the Fed’s Beige Book noted a deceleration in growth. Even the Atlanta Fed’s GDP–Now forecast has been slipping. Their Q3 estimate had been at or above 6% through August 24th. It then fell from 3...

Bond Market Review – 09/02/2021

Summer Vacation No matter the plans or distance of any vacation, since the beginning of time the driver has heard that quintessential question: Are we there yet? In this case, Fed Chair Jerome Powell is at the helm and the destination is tapering asset purchases. Our...

Bond Market Review – 08/20/2021

Jobs, More Jobs, Jabs, and Records Despite inflation, COVID variants, and deep suspicions about trusting the vaccine jabs, records have been set in equities and economic data. As unlikely as an ‘up close’ would have seemed on Monday with global stocks breaking lower...

Bond Market Review – 08/03/2021

All that glitters is not Gold Though it’s still great to win one, the gold medals awarded at the Tokyo Olympics are mostly silver with roughly only 6 grams of gold plating. With the 550 grams of silver, the actual metal value is close to $800. (A real ‘solid gold’...

Bond Market Review – 07/21/2021

Far and a Ways It’s a revival of Fedspeak! In the Greenspan days of the Fed, that former Chair could craft words in such a fashion that it was nearly impossible to discern what he was really saying. We called it Fedspeak. Unlike ‘transitory’ – which is a description...