For the second consecutive month, the Treasury curve bear steepened as intermediate and long-term yields increased due to economic recovery optimism and rising inflation expectations, while the short-end remained anchored by accommodative Federal Reserve (Fed) monetary policy. The Institute for Supply Management (ISM) surveys indicated that both the manufacturing and service sectors of the U.S. economy expanded for the seventh consecutive month in December and did so at a greater than expected pace.  However, the immediate…..

A tumultuous year ended with the Treasury yield curve steepening slightly in December as renewed optimism for an economic recovery buoyed by the start of COVID-19 inoculations helped push inflation expectations as well as intermediate and long-term rates higher. Specifically, yields on maturities beyond five years rose 3-8 basis points while rates on shorter issues were flat to slightly lower. The month began with a sharp increase in longer-term rates due to a confluence of developments. Fiscal stimulus talks that had stalled throughout the fall resurfaced with a bipartisan group of senators reportedly discussing a $900 billion plan. Further, Fed Chairman Powell displayed …

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• History of Green Bond Market
• Evolution of Social Impact Investing to Embrace Diversity, Equity, & Inclusion

The Treasury yield curve shifted higher in a bear steepening fashion in October on rising inflation expectations despite signs of resurging COVID-19 infections later in the month. Specifically, 2-3 year rates…..