As we entered 2017, our outlook called for limited returns in the U.S. fixed income market with higher prospective returns for U.S. equities.
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View list of 2017 Credit Quarterly
INVESTMENT ADVISORY SERVICES: FEATURED ECONOMIC INDICATOR
GDP Revised Up
Real Gross Domestic Product (GDP) was revised up more than expected to 1.2% from 0.7%. Economists expected GDP to be revised up to only 0.9%. While GDP remained low compared to the last two quarters, business investment was higher in the 1st quarter.
PUBLIC FINANCE TRENDS
National & State Market Update
This month, we compared two Aaa bank-qualified (BQ) transactions that reflect the degree to which interest rates have decreased since the end of 2016: one deal priced in December 2016 and the other in May 2017
