Fixed Income Monthly Commentary – January 2021

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…..

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Veritable Notes

Published on // February 11, 2021
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