Quarterly Updates
Heightened volatility in August couldn’t derail stocks, and the S&P 500 closed the quarter at an all-time high. In the bond market, the three-month Treasury bill yield remained stable for much of the past year but began to decline ahead of the September Fed meeting, as expectations for a 50 bp rate cut grew stronger. Yields on the 3-month Treasury bill closed the quarter at 4.73%, while the 10-year Treasury fell to 3.81%. Read More..
The recent economic environment has been positive while markets have remained resilient. On the back of AI, favorable earnings, and expectations of multiple rate cuts to start the year, risk assets have delivered strong returns year-to-date. Interest rates have remained unchanged despite expectations for several cuts at the start of the year and though treasury yields have trended lower. Read More..