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December 2019

New Issue Investment Grade Credit had a very quiet December with issuance of just $18.9 billion just below monthly consensus as we closed out year end and entered holiday mode. The total year to date volume came in at $1.109 trillion off just 4% from 2018’s high. The U.S. investment grade credit market will look … Continued

Yield on 10-Year Treasury Closes at Highest Level in Five Months

U.S. Treasury yields rose Monday in a holiday-truncated week as traders made room for a sale of short-term government debt in the afternoon. Analysts warned that trading volumes is thinning out as investors vacate their offices for Christmas. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.591% rose 1.8 basis points to 1.934%, … Continued

Military Service Academy Interviews for Senator Gillibrand

Our Head of Veteran Engagement Mercedes Elias was invited to participate in service academy interviews for nomination by Senator Kirsten Gillibrand. At AmeriVet, we are not only concerned with taking care of the veteran community, but also ensuring we have successful leaders joining our active duty ranks in the future.  Over the course of the … Continued

Rates on Hold: The Fed Talks Inflation and Repo

The Fed leaves rates unchanged as expected. More importantly and a theme we’ve been discussing, is the Fed’s concern of missing their 2% inflation target. Although the bar for future cuts has been set high it’s even higher for future hikes.   Let’s take a look:  THE MARKETS There was nothing in the Fed meeting short-term … Continued

Treasury Yields Surge to Four-Week High on Report of China Tariff Deal

U.S. Treasury yields climbed on Thursday following reports that the U.S. could trim existing import tariffs on Chinese goods, as well as delaying those set to kick in on Sunday, reducing the risk that President Trump’s trade war will further undermine global economic growth. What’s driving Treasurys? The 10-year Treasury note yield TMUBMUSD10Y, 0.615% jumped … Continued

Stocks Slip as Investors Brace for Looming Trade Deadline

Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment. The Dow Jones Industrial Average closed 27.88 points lower, or 0.1% at 27,881.72. The S&P 500 also lost 0.1% to close at 3,132.52. The Nasdaq Composite dipped 0.1% as well to 8,616.18, dragged down by Netflix. China and the U.S. have until … Continued