Insights

 

Observation Deck
August 01, 2013 Posted by
Market speculation on the timing of the Fed’s tapering has caused volatility in the bond market. Global corporate new bond issuances declined materially in June 2013 compared to robust issuance levels during the first five months of 2013. Nonetheless, we generally expect corporate credit risk to remain steady through 2013, with divergence in credit trends among various sectors. While investment grade corporate credit spreads initially widened 16 bps on speculation of the Fed’s tapering bond purchases, they have recently tightened by around 20 bps to 76 bps around mid-July.
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Advisories
July 31, 2013 Posted by

FOMC Announcement - July 31, 2013

The Federal Reserve today decided to keep the target range for the federal funds rate unchanged at 0 to 0.25 percent. Policymakers suggest that U.S. economic activity has been expanding at a moderate pace, with labor market conditions showing "further improvement," however the unemployment rate remains elevated.

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CIO Vantage Point
July 31, 2013 Posted by
Major changes to GDP calculations are adding $400 billion per year, but does it matter?
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CIO Vantage Point
July 26, 2013 Posted by

Stocks reach a newh igh, China puts in a new floor, Washington faces the ceiling, and CFOs in the middle of the road.

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CIO Vantage Point
July 25, 2013 Posted by

The "mainstream" employment statistics don't tell the whole story.  Here's a look at the number of people working and the number of people living off them.

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SVB in the community; U.S.
July 23, 2013 Posted by

There's nothing like a great cause to bring a team together -- even in blistering heat. As part of Silicon Valley Bank's 30 Years | 30 Causes campaign, our Northern Virginia office volunteered at our local Humane Society to build additional kennels for dogs awaiting adoption. A couple days before the event, we wondered if this was such a good idea.

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CIO Vantage Point
July 19, 2013 Posted by

Bernanke flinches, earnings steady, retail sales stumble, and housing falls.

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