Media – Whitepapers
October 2, 2024
Market Reaction Following the September FOMC Meeting Since the Fed cut the federal funds rate on September 18th, a notable market reaction has been a steepening of the treasury yield curve with front-end treasury yields lower, and longer-end yields higher (see chart 1 below). This move in the curve was
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September 26, 2024
Cash may be King, but it is also going virtual before our eyes. Digital cash used to be the domain of tech innovators and cryptocurrency enthusiasts. But if a pair of tokenized money market mutual funds (MMFs) is any indication, instantaneous movement of cash untethered to market hours may be
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September 9, 2024
Recent market turmoil, triggered by the Bank of Japan's interest rate hike and disappointing US jobs data, has resulted in a sell-off in Japanese megabanks' stocks. Cash and short-duration bond investors may be wondering if they should worry about these banks’ credit profiles. Here is a balanced analysis to help
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August 14, 2024
In recent times, venture debt market conditions have been challenging, and Q2 2024 was no exception. The level of activity in the venture debt market continued to decline in Q2 2024 as there were only 160 deals completed in the quarter. This represents a 25% decrease from the number of
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August 6, 2024
Introduction: Higher Rates are Coming to An End Recent comments by Federal Reserve officials indicate that monetary policymakers may soon start lowering short-term rates as inflation and employment data continue to moderate. This shift comes after a period of keeping interest rates more elevated than initially thought. Meanwhile, stockpiles of
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July 23, 2024
How to Position Your Company to Lenders in a Challenging Venture Debt Environment. If you are considering venture debt financing to strengthen your balance sheet, extend your cash runway, and minimize equity dilution, understanding the current challenging lending environment will be crucial to your success. In the past two years,
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July 11, 2024
In April, The Wall Street Journal reported that former President Donald Trump’s advisory team has been drafting proposals that could potentially alter the structure of the Federal Reserve, in the event he is elected for a second term. The former President’s team has yet to publicly confirm the existence of
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July 8, 2024
The economy added 206K non-farm payrolls in June, slightly more than anticipated, but the strong headline number was largely offset by softer aspects of the Labor Report. Non-farm payrolls in May and April were revised down by a combined 111K, netting this data release to 95K new jobs. Additionally, the
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July 2, 2024
Retail Sales Disappoints, Again For the second consecutive month, retail sales came in lower than expected and showed signs that the effects of higher borrowing costs could be impacting US consumers. The May reading rose +0.1% while the flat April reading was revised lower to -0.2%. The Control Group, which
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June 28, 2024
The PCE Price Index decelerated from the previous month as expected. Headline PCE came in at 2.6% year-over-year, and was unchanged month-over-month, down from the 2.7% annual rise and 0.3% monthly rise in April . Additionally, Core PCE came in at 2.6% year-over-year and 0.1% month-over-month, 0.2% below April PCE
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