SVB Asset Management

Watching a live auction can be great theater. It’s high energy and fast paced. There’s competition among bidders. And it’s a great way to determine a fair market price. Through that lens, perhaps it’s no surprise that one of the primary mechanisms through which the U.S. government raises funds is the Treasury bond auction.

This month’s main article, Challenges Yield Opportunities, observes that while not exempt from market volatility, fixed income markets can potentially provide incremental yields for corporate cash investors, and challenges seen in this environment may result in more opportunities.

This month’s main article, No Such Thing as a Free Lunch, compares the asset management structure of a Registered Investment Advisor (RIA) with that of a broker-dealer. In addition, it emphasizes that investors should be offered transparency in terms of the fees they are paying for services and should be aware of the hidden costs that some broker-dealers may charge.

This month’s main article, The Base Case — A Closer Look at CPI, emphasizes the importance of understanding the nuances of the “base effects” of the inflation calculation by interpreting the components of the Consumer Price Index (CPI), and examining the outlook for future CPI releases and monetary policy.

This month’s main article, Peeking Past this Peak, anticipates the end of the Fed’s historic rate hiking cycle, but considers different scenarios that may materialize if economic predictions do not hold true.