Author: Eric Souza

Eric has over 25 years of fixed income portfolio management and trading experience with both asset management and broker-dealer firms.

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June Month-end Portfolio Update

July 6, 2023May 1, 2024 Economy & Rates

4 min readYields 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 Fed signaling a “higher-for-longer” monetary…

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Interest Rate Update

June 22, 2023May 1, 2024 Economy & Rates

4 min readFederal 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 the 1980s. Powell commented that…