GSY News and Press, Invesco Ultra Short Duration From 06/07/24

2024-06-07 13:45:00 ET Summary The two primary drivers of the market these days are news related to inflation and developments in artificial intelligence. The hope for the Fed to cut rates these past several months has supported equity values and suppressed rates since November. ...

2024-06-07 11:48:00 ET Summary Market interest rate cut expectations have swung wildly this year on fluctuating data and cautious messaging from Federal Reserve officials. Nonetheless, we are seeing broadening evidence that can justify the Fed starting to move policy fro...

2024-06-06 04:20:00 ET Summary Does gold hedge inflation? Rolling 36-month regressions of gold on median inflation yield results like those for headline inflation - the relationship is unstable and variable. If underlying inflation captures economic forces of excess demand and...

2024-06-05 14:15:00 ET Summary After yesterday’s news that US job openings fell to a three-year low in April, the data fueled the incentive for the bond market to reassess the view that the Federal Reserve will keep interest rates higher for longer. The 2-year rate continue...

2024-06-05 03:40:00 ET Summary Currency in circulation grew at a fairly steady pace of 6.6% per year from 2010 through 2019. It then exploded upward in the wake of the massive Covid stimulus spending. Tight inflation has fallen, real yields are relatively high, and interest-sensit...

2024-06-03 15:40:00 ET Summary European government bond yields have swung as markets question how far the ECB will ease policy beyond a first cut expected this week. Even with anticipated rate cuts, we see policy rates in the U.S. and Europe settling at a far higher level than the...

2024-06-03 10:05:00 ET Summary Last week was a volatile one for markets, with big swings in stocks and bonds in a holiday-shortened week. Interest rates shot up 18 basis points on Tuesday and Wednesday and while that didn’t change any trends, it is a pretty big move for a c...

2024-06-03 08:05:00 ET Summary It’s remarkable how strong the US economy has been, given the jump in interest rates. “Annual” returns for various fixed-income asset classes look pretty grim. A flat US jobs market, with a gradually rising unemployment rate ...

2024-06-02 12:17:00 ET Summary Inflation ticked down further in April, according to new data from the Bureau of Economic Analysis. Core inflation, which excludes volatile food and energy prices, has also declined. FOMC members will almost certainly vote to hold their target ra...

2024-06-01 03:00:00 ET Summary The Fed’s balance sheet shrunk by $118B in May - the largest amount since September of last year. When the Fed makes money, it sends it back to the Treasury. This has netted the Treasury close to $100B a year. International holdings have i...