Media – Blog
December 3, 2020
Outgoing Treasury Secretary Mnuchin announced in late November that he would allow certain Federal Reserve relief programs to expire at the end of the year. Federal Reserve officials had publicly urged Mnuchin to extend all emergency programs but ultimately conceded and will close several of the facilities this month. The
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November 30, 2020
Fixed income investors have been slower to adopt sustainable investing practices than their equity counterparts, as only in recent years has responsible fixed income investing become a hot topic. (Sustainable investing was one of our three themes to watch for in our article “2020 Vision – Watch the Fed, Repos
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November 18, 2020
Vaccine Progress Earlier this month, Pfizer and BioNTech announced that their COVID-19 vaccine proved to be more than 90% effective in early trial results, while Moderna reported that its version is 95% effective in protecting patients from the virus. Fed Chair Jerome Powell spoke with Bank of England governor Andrew
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November 16, 2020
The 2020 election was an arduous and, in some ways, incredible process, with the unprecedented number of mail-in ballots resulting in record turnout, but also a significant delay in announcing the winner. Nevertheless, we know that Joe Biden will be the next President of the United States come January. In
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November 5, 2020
The old adage in corporate debt financing is “The best time to borrow is when you need it the least.” But the concept of timing when it comes to debt financing can take many different forms. This blog post intends to address some of the potential timing issues around debt
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November 2, 2020
With 48 potential SARS-CoV-2 vaccines now undergoing clinical trials on humans, there’s mounting hope that one or more will be available in 2021. But many unknowns remain, especially regarding potential financial implications for the pharmaceutical companies that produce them. Timing of their arrival, manufacturing capacity, distribution, levels of potential government
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October 31, 2020
A Momentous Week All eyes are on the United States as Election Day finally arrives and a bitterly contentious campaign cycle draws to a close. An estimated 100 million early votes were cast in advance of Election Day and the country appears to be heading for a record presidential election
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October 15, 2020
Inflation & Employment Readings on consumer inflation this week remained tame overall with wide variance around the average for certain components. CPI for September was up just 1.4% year-over-year and Core CPI was up 1.7% year-over-year. Weekly Initial Jobless Claims remain high at nearly 900,000 in the week ended October
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September 30, 2020
Fed officials are committed to the current level of rates until inflation exceeds 2% Several Fed officials spoke in late September on the timing of future interest rate hikes in relation to the inflation target of 2%. Chicago Fed President Evans reversed his earlier position that the Fed could start
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September 15, 2020
FOMC Meeting The Federal Reserve left interest rates unchanged at yesterday’s meeting on monetary policy, and in the statement accompanying the meeting, the Fed commented that “Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year.” And while
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