Following last week’s “hotter” than expected CPI release, the sole focus for the money and bond markets was to, yet again, dial back their Fed rate cut expectations. Ahead of the May FOMC meeting, Kevin Flanagan dives into an aspect of Fed policy decision-making that has been flying under the radar: the balance sheet.
When it comes to articulating data related to monetary policy outcomes, the FOMC has conveyed an awkwardly varied set of targets. Sam Rines discusses the FOMC's changing targets and data points related to monetary policy outcomes.
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The first three months and change of 2024 has brought with it a rather noteworthy shift in bond market sentiment. With Fed policy decision-making remaining data dependent for the foreseeable future, Kevin Flanagan discusses why investors should consider using the time-tested barbell strategy to navigate not only the current setting, but more importantly, what potentially lies ahead.
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As the inflation marathon enters the homestretch, the last mile might be more difficult. Kevin Flanagan discusses why the journey to the Federal Reserve’s target might not be as smooth as anticipated, and what this could mean for rate cuts and the bond market’s response.
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At today’s FOMC meeting, the Fed did what was widely expected yet again and kept the Fed Funds target unchanged. Against this backdrop, Kevin Flanagan examines the Fed’s balancing act between hopeful markets and the reality of economic indicators and what it means for the future of U.S. Treasuries.
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In 2023, a dominant theme for markets was the return of income in fixed income. However, one segment of the market that has gone under the radar has been emerging markets (EM) debt, specifically emerging market corporates. Behnood Noei makes the case for EM corporates and highlights our Emerging Market Corporate Bond Fund.
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