Fed Delivers Jumbo Cut Amid A Divided Committee
September 19, 2024 — The FOMC initiated its long-awaited policy action with an outsized 50 basis point cut, lowering the federal funds rate from a range of 5.25% to 5.50%, to 4.75% to 5.00%. Why were bond yields higher across the curve following the FOMC decision and Powell’s comments?
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Municipal Fixed Income
Heavy Summer Bond Issuance By Texas School Districts Creates Value Opportunity For Municipal Investors
In Texas, heavy population inflows over the last several years have created significant infrastructure needs throughout the state, particularly for new K-12 school buildings.
Fixed Income
Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
September 9, 2024 -- Last week, the long-awaited labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 basis points at...
Fixed Income
Fixed Income Investment Strategy — August 2024
August 5, 2024 -- Fixed Income Investment Strategy provides an overview of Sage's market outlook and sector positioning.