Market Update | August 2023

Yields on 10-year U.S. Treasuries spiked in August, rising as much as 40 basis points from where they began the month. The result has been a rare bear steepening, where long-term yields rise faster than short-term yields.

Market Update | August 2023

In a significant move that caught global attention, Fitch Ratings, one of the major credit rating agencies, downgraded the credit rating of the United States from AAA to AA+.

Market Update | March 2023

On Friday of last week, the FDIC took control of Silicon Valley Bank, ending a frenetic 48 hours which saw the bank go from being solvent to insolvent. With $209 billion in assets, SVB is the 2nd largest bank failure since Washington Mutual’s failure in 2008.

Market Update | March 2022

Russian forces struck the central square of Kharkiv, Ukraine’s second largest city, on Tuesday. Moscow’s frustrations with the prolonged initial conflict have propelled them to…