While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter cur...

The deficit spending that supported the economy in 2020 is showing up in hot inflation numbers in 2021. While I think the inflation numbers will get better in 2022, I do not believe they will get back...

At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course...

Inflation expectation is a key metric the Fed watches closely. Housing costs - based on different measures of rents - account for one-third of CPI.

The commercial banking system now maintains the largest amount of reserve balances it has ever held, thanks to the effort of the Federal Reserve System. Because of this liquidity in the banks, short-t...

While launches were strong last week, other ETF-related actions were few and far between.

"We do expect that as the economy reopens and hopefully picks up, we'll see inflation move up," Powell said on Thursday.

China reported fixed asset investment, and at -0.4%, it was in line with forecasts and shows sequential improvement.

Performance in the high yield market hasn't been quite as strong as the S&P 500. While total return levels in the high yield market are important to track, spreads in high yield debt relative to treas...

The improving macro backdrop, a strong risk rally and rising volatility leave us moderately pro-risk over coming months, with a preference for credit.