Yield Curve
Kevin Warsh announced an ambitious reform agenda for the Federal Reserve. We discuss the potential impact and the current outlook for interest rates.
Our Portfolio Allocation Summary for June 2026.
The April FOMC minutes clarified the hawkish shift that marked the meeting. The Fed held at its last meeting, but there were four dissents. While Governor Miran favored a 25 bps cut, regional presidents Hammack, Kashkari, and Logan supported a hold but voted…
Our Portfolio Allocation Summary for May 2026.
The rates market is moving back into a low vol regime, but with yields at a higher level. This argues for maximizing carry across the Treasury curve.
Our Portfolio Allocation Summary for April 2026.
Our Portfolio Allocation Summary for March 2026.
Our Portfolio Allocation Summary for February 2026.
Our Portfolio Allocation Summary for January 2026.
From steepening to flattening. As the BoJ continues to tighten in 2026, we show why curve flatteners are finally the right trade.