Hand Writing Commentary

January 31, 2018

Trump gave the state of the Union speech last night, where he tried to focus the night on job growth, economic growth, tax reform, immigration, and health care.  News outlets reported that the speech took an overall unifying tone, and that the majority of watchers approved of the speech. In the last week, treasuries rates Read More …

December 12, 2017

4th Quarter Economic Review: The 2017 economy has benefitted on the momentum created in February by the idea that a new tax bill could be introduced and signed by the New Year 2018. As you can see by this chart, the closer we are getting to that date and the higher the likelihood of its Read More …

December 8, 2017

Both the House and Senate have both passed their own tax bills. President Trump has made it clear he wants to have a bill on his desk before Christmas, so the process of forming a bill that both sides of congress can agree upon will consume much of congress’ time. The expectation that a new Read More …

November 15, 2017

Volatility has been completely stripped from the fixed income markets.  As such, spreads have narrowed considerably across all sectors of the bond markets.  Agency bullets offer little to no spread, with callable agencies only offering spreads that historically belong to bullets.  On the bright side though, a little relief can be found in longer bonds, Read More …