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Library » October 2019 Perspective
October 02, 2019 | Market Commentary
Strongest Start Since 1997 US equities finished the third quarter modestly higher, furthering what have already been robust year-to-date gains. The S&P 500 price index is up 19% on the year for its strongest start to a year in over two decades. The big rally comes alongside a strong performance …
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All AudiencesLibrary » Webinar: High Yield Bond Series
September 27, 2019 | Financial Planning
With interest rates hitting historic lows, many investors are looking to the high yield bond market in search for yield. Join us as our fixed income portfolio managers discuss our approach to managing risk and finding opportunity in this Strategy in Focus webinar. …
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All AudiencesLibrary » September 2019 Perspective
September 04, 2019 | Market Commentary
Bonds Take Center Stage Fixed income markets stole the show as bond yields sharply and steadily fell all throughout the month. In August, the yield on the US 10-Year Treasury note collapsed 52 basis points (one basis point is 0.01%), sinking from 2.02% to 1.51%. August’s ferocious bond buying …
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Markets & Economy » What Falling Interest Rates Mean to You
August 27, 2019 | Market Commentary
Interest rates are fundamental to investing. The income you earn in a savings account, the interest you pay on your mortgage, and the yield you earn on a bond are all determined by underlying interest rates in the economy. Over the past six months, those rates have fallen significantly, …
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All AudiencesMarkets & Economy » Market Falls on Recession Fears
August 15, 2019 | Market Commentary
Yesterday, the US stock market suffered one of its worst selloffs of the year. The S&P 500 fell 2.9% as investor fears for an upcoming recession intensified. The market decline was sparked by an ominous sign in the bond market. The yield on the 10-year Treasury fell below the yield on the 2- …
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All AudiencesLibrary » August 2019 Perspective
August 05, 2019 | Market Commentary
On July 31, the Fed elected to lower its policy interest rate by 25 basis points (or 0.25%) to a range of 2.00% to 2.25%. This was the first time the Fed has lowered interest rates since the financial crisis began over a decade ago.
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All AudiencesLibrary » February 2019 Perspective
February 05, 2019 | Market Commentary
After a difficult fourth quarter last year, US equities bounced back strongly to start 2019. The S&P 500 rose 8%, its best January performance since 1987, as all eleven S&P sectors saw gains. Since hitting a recent bottom on Christmas Eve, US stocks have risen approximately 15%.
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All AudiencesLibrary » December 2018 Perspective
December 03, 2018 | Market Commentary
In a late-November speech at the Economic Club of New York, Federal Reserve Chairman Jerome Powell tempered his language on rising interest rates, describing them as “just below” neutral (1). Investors celebrated the softened assessment, and stocks rose.
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Library » Treasuries Are Not Attractive to Foreigners
November 10, 2018 | Investment Themes
Apathetic analysis of foreign bond markets would have investors believe that US Treasury yields are attractive globally due to the wide differential between nominal US Treasury yields and global developed market yields. While it is true that nominal US Treasury yields are near their highest …
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Financial AdvisorsLibrary » Strategy in Focus: An Underappreciated Asset Class
October 23, 2018 | Market Commentary
High yield is an underappreciated asset class that has historically generated equity-like returns, typically with less volatility and a more favorable level of downside risk management. We provide an update on the state of the high yield market, share insights on investing …