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Income Report Card | July 17, 2017

Posted on July 17, 2017

The 10-year treasury yield closed at 2.35%, down 0.04% from last week. However, this is a reprieve from what was a sharp rise last week. The rise in yields was accompanied by positive stock performance as it appears many investors may have put their fears of various global and political issues behind. This yield is […]

Income Report Card | July 10, 2017

Posted on July 10, 2017

The 10-year treasury yield ended the week at 2.39%, in what has been a dramatic period for global bonds. The yield is approaching the May 2017 high of 2.42%. If it is able to push past that high then we think the market may be pivoting back toward a reflation theme. However, much of the […]

Correlation | July 6, 2017

Posted on July 6, 2017

Our Observations: Short-term correlations are still below long-term averages in many asset classes. We think this may provide fertile ground for alpha among single securities and could be a good environment for building a well-diversified portfolio. We see the this as likely driven by the pause in policy expectations, which could be reignited if Congress […]

Income Report Card | July 3, 2017

Posted on July 3, 2017

Our Observations: The 10-year Treasury yield rose to 2.27%, pushing it to the higher end of the recent trading range. Pundits seemed to have shifted their concerns from rising rates to inflation since the Federal Reserve indicated that lower inflation is not a concern. We think it will be important to watch how policymakers respond […]

Correlation | June 14, 2017

Posted on June 14, 2017

Our Observations: Correlations continue to increase in most asset classes, diminishing the diversification benefit of a cross-asset class portfolio. We think much of this can be attributed to the push and pull of fiscal and monetary policies and the related impacts on currency, rates and economic growth. This is a change from the prior several […]

Income Report Card | April 10, 2017

Posted on April 10, 2017

What to Note: The 10-year Treasury Bond bounced off a low rate of 2.34%, which remains inside the recent 2.31% and 2.62% bands.  The rate increased a few basis points, but markets did not rotate into inflationary asset classes like stocks and commodities.  We think it is important to continue to keep an eye on this interest-rate […]

Momentum | April 5, 2017

Posted on April 5, 2017

Our Observations: Momentum measures the rate of acceleration, either positive or negative, in a security’s price and may indicate which markets are positioned for gains or losses. Investing based on momentum entails establishing long positions in securities with positive recent returns and short positions in those with negative recent returns. Momentum in asset classes may […]

Income Report Card | March 31, 2017

Posted on April 3, 2017

Our Observations: The 10-year Treasury ended the week exactly where is started: at 2.40%. As a result, most credit-related sectors advanced over the week, finishing with strong positive gains while Treasury and other safety assets were largely flat. Read the Report Card »