Media – Blog
July 6, 2023
Yields Rise Welcome to the third quarter and the second half of 2023! Treasury yields rose across the curve during the second quarter, led by the 2-year note which rose 87 basis points to 4.90%. The rise in yields was a result of solid economic data, elevated inflation, and a
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June 29, 2023
Commentary The venture debt markets got off to a historically tepid start in 2023. According to Pitchbook, total funding was down more than 60% from the prior quarter and dropped more than 40% from the same period in 2022. As we review debt as a percentage of the venture
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June 22, 2023
Federal Reserve - A Hawkish Pause As expected, the FOMC held the Federal Funds rate at the 5.00%-5.25% range at their June FOMC meeting, marking the first pause after 10 consecutive increases. The Fed has raised rates by a cumulative 5 percentage points since March of 2022, the most since
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April 3, 2023
Author's Note Since compiling the data for our Q4 2022 debt market quarterly update, the market has faced unprecedented turmoil led by the collapse of Silicon Valley Bank. In order to provide consistent updates on the debt financing market, we are distributing our Q4 2022 report but also want to
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February 22, 2023
Employment and Inflation Markets inferred optimism on inflation earlier this month from Federal Reserve Chairperson Jerome Powell’s press conference accompanying the FOMC’s February 1st decision to raise rates. While the Fed’s statement and Powell himself indicated that more than one additional rate hike remained likely, markets contradicted the Fed’s guidance
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January 23, 2023
Co-authored by: Pate Campbell Economic News The December Employment Report revealed a decline in the unemployment rate to 3.5% from 3.7% while 233K jobs were added to non-farm payrolls. Despite ongoing tightness in the labor market, average hourly earnings grew at 0.3%, slower than the rate in previous months. Lower
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December 21, 2022
Welcome to Capital Advisors Group’s inaugural quarterly newsletter that will provide a snapshot of the current state of the debt financing markets. Capital Advisors Group has been advising innovative venture-backed and growth-stage companies on debt finance transactions for more than 18 years. This newsletter will provide insight into debt markets,
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December 7, 2022
Fresh Economic Data This past week, the Bureau of Economic Analysis released October’s Personal Income and Outlays Report. Personal income and spending rose by 0.7% and 0.8%, respectively, on a month-over-month basis. The headline Personal Consumption Expenditures (PCE) index climbed by 6.0% year-over-year, while the core PCE index, stripping out
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November 7, 2022
In a widely expected move, the Federal Reserve raised the overnight lending rate today by 75 basis points for the 4th time in 4 meetings. Following the FOMC’s action, the rate now rests at the 3.75% to 4.00% range. The Fed’s 2022 tightening activity has been extraordinary for a central
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October 19, 2022
CPI Surprised to the Upside... Again The Consumer Price Index rose 0.4% in September, double the expected increase, despite a decline in energy prices for the month. Services and shelter costs were the biggest contributors, but large increases were broad-based across categories. Core CPI accelerated unexpectedly to a 0.6% monthly
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