The Macro View

Fixed Income Market Summary November 2019

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Performance Snapshot: TICKER SECTOR Nov-19 YTD 2019 LQD CORPORATES 0.47% 16.75% HYG HIGH YIELD 0.57% 11.95% IEF TREASURIES -0.69% 9.04% AGG BARCLAYS AGG -0.03% 8.51% MUB MUNICIPALS 0.06% 6.77%     Sector Summary: US Treasuries: Throughout most of November, investors embraced the risk-on environment created in part by positive headlines regarding trade negotiations. US Treasury… Read more »


Fixed Income Market Summary October 2019

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Performance Snapshot: While equities have been strong through October, so too have bonds.  In fact, all domestic, investment-grade, fixed income sectors have outperformed the S&P 500 since 10/1/2018.   Sector Summary: US Treasuries: While US stocks extended their rebound and reached new all-time highs in October, Treasuries continued their strong 2019 and generated positive returns during… Read more »


Adding Value With Active Bond Management

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Active bond management does not mean “day-trading.”  Nor does it mean buying and holding to maturity.  Active bond management means being constantly apprised of where the markets are and seeking to take advantage of opportunities to add value.  It is vigilance.   We seek to add value in both the purchase and the sale of… Read more »


Fixed Income Market Summary August 2019

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  Performance Snapshot:   While equities have been strong through August, so too have bonds. In fact, all domestic fixed income sectors have outperformed the S&P 500 since 10/1/2018.      Sector Summary: US Treasuries: Mounting equity market volatility in August directed investors to the safety of Treasuries, with prices increasing and yields declining across… Read more »


Fixed Income Market Summary July 2019

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PERFORMANCE SNAPSHOT While equities have been strong through July, so too have bonds. In fact, all domestic fixed income sectors outperformed the S&P 500 since 10/1/2018.    Sector Summary: US Treasuries: The Treasury yield curve flattened, with shorter-term rates rising sharply as the market digested the Fed projections on future rate cuts with continued weak… Read more »