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Market Commentary

September 2020

Curve Flattens As Markets Await Additional Stimulus

Longer-dated yields continued to grind lower this week as US equity markets fell back to year-end 2019 levels....

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FOMC Meeting Reinforces Lower for Longer

Bond yields were only slightly changed this week with shorter-dated issues declining slightly while longer-term issues (5+ years) added a couple bps...

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Weekly Claims Data Disappoints

The yield curve flattened during the holiday-shortened week as longer-dated yields declined by as much as 6 bps...

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Strong Payroll Report Leaves Yields Slightly Changed for Week

The yield curve flattened slightly this week, as longer yields ended the week slightly lower while two to five year Treasuries climbed a few bps....

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