SCHP News and Press, Schwab U.S. TIPs From 05/29/23

2023-05-29 11:05:00 ET Summary I just refreshed my favourite U.S. breakeven inflation chart and was surprised by how placid pricing has been. Although the 10-year breakeven inflation rate scooted upwards after the pandemic, it is below where it was pre-Financial Crisis, and roughl...

2023-05-10 13:30:19 ET Summary The headline CPI numbers are being interpreted as confirming that the Federal Reserve will pause rates and then, most likely begin to lower them. The details of the CPI report paint a more complex picture which we go into here. The month-over-mon...

2023-04-30 16:33:00 ET The share of U.S. consumers who were stretched too thin slipped to 60% in March from 62% in February and from 64% in the year-earlier period, digital marketplace bank LendingClub ( NYSE: LC ) said in a report this past week, as they seemingly continued to find...

2023-04-17 07:00:00 ET Summary The multi-year high recorded by the 10-year TIPS yield on 3rd November of last year coincided with the end of a multi-year downward correction in the US$ gold price. The short-term low in the 10-year TIPS yield on 1st February of this year coincided ...

2023-04-10 11:30:00 ET Summary We upped our overweight of inflation-linked bonds in March to quickly take advantage of the market pricing lower inflation - our new playbook in action. Bond yields rose after data showed a still-tight U.S. labor market. We think that keeps inflation...

2023-04-10 11:19:07 ET Wall Street investors were net buyers of fund assets which included both exchange traded funds and conventional funds for the sixth consecutive trading week in a row. In total, investors added $24.5B to the fund space with the majority of the flows going towards money...

2023-04-07 03:00:00 ET Summary The 10-two Treasury yield spread remained negative. Exchange-traded equity funds recorded $2.6 billion in weekly net outflows. Conventional taxable-fixed income funds realized a weekly outflow of $855 million. During Refinitiv Lipper's ...

2023-04-04 13:51:51 ET Summary The final Fed rate hike may come sooner rather than later. Inflation expectations have eased as recent CPI and PCE data have been more tame. Given the less sanguine sentiment, I'm upgrading SCHP to a hold from a sell as risks appear discounted. ...

2023-04-03 11:20:00 ET Summary We see the U.S. policy push for leadership in clean tech and Europe’s fast-developing response creating near-term and strategic investment opportunities. Risk assets rallied amid stabilizing sentiment toward banks. Yet the disconnect between s...

2023-03-31 06:30:00 ET Summary Slower growth and tighter financial conditions could mean a lower terminal rate and bring forward the timing of the first rate cut. While front-end yields have declined in recent weeks, they are still near multi-decade highs and may remain here as in...