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Policy and Regulatory Commentary
A New Monetary Policy
Last Thursday, while almost 24 million Americans were gearing up to watch President Donald Trump’s Republican National Convention speech and the literal fireworks that followed, Federal Reserve Chair Jerome Powell gave an historic speech of his own that sent rockets around the monetary policy world.
Fixed Income Insights
Weekly Fixed Income Commentary: Long Treasury yields rise as the Fed adjusts its inflation strategy
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The Federal Reserve (Fed) announced a shift in its approach to maintaining stable prices, now targeting an inflation rate that “averages 2 percent over time.” Longer maturity Treasury yields rose on the news. Non-Treasury sectors generally fared well last week, with the exception of longer-duration assets.
Policy and Regulatory Commentary
An Update on the Federal Government’s Business Relief Programs
While it may seem hard to believe that March was just five months ago – not five years ago – that’s when Washington created two loan programs that were supposed to help struggling businesses keep doors open and employees on the payroll.
Fixed Income Insights
Weekly Fixed Income Commentary: Risk-off sentiment leads Treasury yields lower
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U.S. Treasury yields fell steadily last week, led by longer maturities, and the yield curve flattened significantly. Wednesday’s 20-year maturity auction overwhelmed investor demand and pushed yields briefly higher, but cautious attitudes prevailed and yields fell again in the following days.
Policy and Regulatory Commentary
The Women Who Came Before
Tonight, Sen. Kamala Harris (D-Calif.) will take the “stage” at the Democratic National Convention to accept the party’s nomination for vice president of the United States.
Fixed Income Insights
Weekly Fixed Income Commentary: Treasury yields rise as inflation creeps slightly higher
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U.S. Treasury yields generally rose across the curve last week, led by the longer end of the curve. Multiple maturities hit their highest yields since late June/early July.