2 min readTrillions of dollars of support from the Fed have helped keep financial markets open. Trillions more from Congress are supporting consumers. But what will the next phase of the COVID-19 crisis bring? And what does it mean for institutional cash managers? You can find many of the answers in our latest research report, Institutional Cash…
12 min readDOWNLOAD FULL REPORT Abstract Extraordinary market volatility from COVID-19 led to a complete reset of portfolio strategies and expectations in cash investments. While liquidity has turned the corner, the path to recovery and a normal investment environment may be a long one. Fighting credit issues on one hand and the risk of negative interest rates…
1 min readWatch the webcast: Click the above webcast link for episode 1 of Market Update. Hosted by Capital Advisors Group’s Head of Trading, Anthony Cucinotta. Topics covered: Recap of Recent Market Events FOMC Rate Cut and Impact U.S. 1 Month Treasury Bill Analysis COVID-19 Impact on Short-term Investors Overview of OAS Adjusted Spreads Overview of FOMC…
2 min readEconomic Shutdown We are only just seeing initial readings on the state of the post-COVID 19 economy and much will unfold in the months ahead. Data released in early April reflects the dismal reality of the large-scale shutdown of the US economic growth engine. Jobless claims have surged to record levels, with more than 22…
1 min readWe hope you are all safe during this extended period of sheltering at home. Life has changed immeasurably for most of us since February 13, when we published a report on COVID-19 and its impact on liquidity portfolios. Our comments in that report still apply, and on March 31, we provided additional valuable market intelligence…
3 min readWatch the Webinar: Click the above video for a replay of our March 31, 2020 webinar on the impact of COVID-19 on cash portfolios. Hosted by Benjamin Campbell, CEO, and Lance Pan, CFA, Director of Investment Research & Strategy. The cash management landscape has changed greatly in the short time since we published our February…
1 min readLargest Relief Package in U.S. History Signed On Friday, President Trump signed a $2 trillion stimulus plan following a 96-0 vote in the Senate and strong support in the House. The bill extends aid through direct payments and expanded unemployment insurance to many struggling Americans, provides loans and grants to businesses, supports draining state funds…
2 min readCoronavirus While domestic economic growth began the year on solid footing, the worldwide spread of the coronavirus along with its effects on global supply chains and potential effects on aggregate demand are likely to dominate financial market movements through springtime. U.S. equity markets sank 15% last week in the fastest ever return to correction territory…
2 min readThe World Health Organization has finally given the coronavirus outbreak in China an official name: COVID-19, for “Coronavirus Disease 2019.” Unfortunately, that’s one of the only things we know for sure about the new disease, even as the outbreak extends well into its third month. Consider everything we don’t yet know: Will the draconian quarantine…
17 min readDOWNLOAD FULL REPORT Abstract While the flood of information on the new coronavirus can be overwhelming, treasury professionals should consider how the outbreak may affect their liquidity portfolios. The consensus market view is that the epidemic will have a moderate and temporary impact on the world economy. We think the 2003 SARS epidemic and the…