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Markets & Economy » Implications of Tax Reform on Fixed Income

March 01, 2018 | Market Commentary

  The Tax Cuts and Jobs Act is having a notable impact across wide swaths of the economy, and the fixed income market is no different. The bill’s key achievement of lowering the corporate tax rate is certainly a favorable outcome for a number of businesses and their investors. Smaller tax …

Markets & Economy » What Happened and What’s Next for Fixed Income

February 13, 2018 | Market Commentary

Looking Back: An Era of “Goldilocks” The past year brought cheer across the financial markets. The world saw synchronized global growth and soft inflation readings, and with the exception of recent market gyrations, volatility persisted near historically low levels. Nothing was “too hot or too …

Markets & Economy » Auto Loans are Starting to Rev Up

September 28, 2017 | Market Commentary

U.S. auto debt swelled to a record high $1.2 trillion at the end of the second quarter. This is the 25th consecutive quarter of auto loan growth, with the total outstanding balance now up 70% from a post-crisis low of $700 million in 2010. The surge in auto loans is a growing burden that we are …

Markets & Economy » Puerto Rico Adds Pressure to Muni Market Outflows

September 10, 2015 | Fixed Income

Puerto Rico was thrust into the spotlight after missing a $58 million bond payment in early August. Fixed income markets stumbled on the news, but the country’s fiscal troubles should come as no major surprise. Puerto Rico’s credit rating descended to junk status during February 2014 following …

Library » April 2014 Perspective

April 10, 2014 | Market Commentary

The U.S. Economy Fed officials opted to continue the tapering trend at their March meeting. For the third time since December the committee decided to trim $10 billion from the current quantitative easing (QE) program. As with the two prior QE cuts, the latest involved equal reductions in the …

Markets & Economy » A Degree in Debt: Student Loans and the Economy

October 11, 2013 | Wealth Management

Recent times have drawn concerns about student loan debt and rising delinquencies. Anecdotes of unfortunate individuals struggling financially to cope with massive student loans raise fears of broader risks to the US economy and financial markets. Phrases like “soaring debt” instantly revive …


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