Weekly Market Commentary

January 10, 2017

“Volatility” has been the byword for bonds since the November 8 election. The 10-year Treasury yield stood at 1.85% on November 8, rose to a high of 2.59% on December 15 and closed out the year at 2.44%.


January 03, 2017

With the flip of a page, we began a new calendar year, a new tax year and, for many, a new fiscal year. We have a new Congress, the 115th, and a new president will be sworn in on January 20.


December 20, 2016

It is an exceptionally merry Christmas at the U.S. stock exchanges this year. The Dow Jones Industrial Average, the S&P 500 Index and the Nasdaq composite are extending a series of record highs in the post-election rally.


December 13, 2016

Heading into the holidays and 2017’s Inauguration Day, major stock indices have risen between 5% and 8% since Election Day. The 10-year Treasury yield is up 34%, and the 10-year AAA municipal general obligation bond yield is up 38%.

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