Weekly Market Commentary

October 28, 2014

None of the officials in the Federal Reserve System are on the ballot in November, but they are charged with promoting the popular but elusive goals of maximum employment, stable prices, and moderate long-term interest rates.


October 21, 2014

With its new motto “California Rocks!”, the California Earthquake Authority is in the market this week with a $350 million taxable financing rated A3/NR/A.


October 14, 2014

Daylight hours are not the only thing shrinking right now.  The federal deficit was reduced to $486 billion in the federal fiscal year that ended on September 30 as a result of higher tax rates and sequestration, although it is expected to rise again to $556 billion in 2016.


October 07, 2014

The longest postseason major league baseball game took place in D.C. last Saturday between the San Francisco Giants and the Washington Nationals.  It lasted six hours and 23 minutes, and it was Brandon Belt’s solo home run in the top of the 18th inning that led the Giants to a 2-1 victory in Game 2 of the divisional playoffs.


September 30, 2014

Baseball bid a fond farewell to longtime New York Yankees shortstop Derek Jeter on Sunday.  Fans around the world gave the 40-year-old team captain a standing ovation after his final at-bat, in which he hit an archetypical RBI single.


September 23, 2014

Bond markets ticked up and down last week awaiting the release of Federal Open Market Committee minutes and the outcome of the vote on Scottish independence.  The 10-year Treasury yield opened at 2.61% and closed the week on an up note at 2.57%.

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