Backtesting Your Interest Rate Risk Model Throughout 2023, regulatory bodies have advised community financial institutions to undertake more extensive interest rate risk (IRR) management procedures.…
This week, America’s FICO score took a hit and both stocks and bonds were not thrilled with the news. On Tuesday, Fitch Ratings (one of…
VaubanSeventeenth-century Europe was a period of political and social upheaval led by several powerful countries, including France, England, Spain, and the Dutch Republic. Sébastien Le…
For a week of celebration with George Washington’s Birthday and Fat Tuesday’s Mardi Gras, the financial markets did not receive the memo! As of Friday…
This week Punxsutawney Phil was back at it again celebrating Groundhog Day with thousands in Pennsylvania on Thursday. Unfortunately for us, Phil saw his shadow…
In science class we were taught that pressure is the application of force against an object. As bankers, we think about pressure as it relates…
It was another week of volatility as US Treasury yields fell across the curve. Peaking to 4.24% on Monday, the 10 UST Note yield is…
It was another week of market volatility as participants continue to balance the prospects of a looming recession and the Fed’s fastest series of rate…
More volatility in the bond market this week as Treasury yields edged higher and the curve flattened. The 2Yr T-Note increased over 30 basis points…
“No one here thinks that it will be easy” warned Federal Reserve Chairman Jerome Powell on Thursday as he discussed the notion of a soft…
In March this year, the Federal Reserve lifted interest rates for the first time since 2018. Today, both the bond market and FOMC have set…
A long time ago there was an adage in the banking industry known as the “3-6-3 rule,” meaning the banker would gather deposits at three…
Ask any fixed income portfolio manager in the world what the first rule of investing in bonds is and you’ll hear the phrase above or…