Financial Stability Concerns Come to the Forefront — Fixed Income Outlook in 5 Charts
March 16, 2023 — Stresses from the US regional banking system as well as Credit Suisse have made the outlook for economic growth and Fed policy more complex. The Fed and Treasury have taken steps to limit the fallout of the SVB collapse while leaving room to fight inflation by continuing to raise rates. Interest rate volatility have risen sharply this month as the market price in the uncertainty of Fed policy in the coming months.
Fixed Income Perspectives — March 2023
March 16, 2023 -- In this presentation, Sage answers the 4 big questions (outlook for macroeconomic growth, Fed policy, valuations, and investor sentiment) and illustrates . . .
Municipal Fixed Income
Strong Fundamentals Prevail for Munis
March 13, 2023 -- Despite sticky inflation and rapidly rising interest rates, municipalities continue to exhibit strong credit quality. Record tax collections, billions . . .
Tactical Investment Strategy — March 2023
March 13, 2023 -- Risk and rates markets remain captives of shifting Fed policy expectations, which have become more hawkish over the last month due to hotter inflation . . .