INVESTMENT ADVISORY SERVICES: FEATURED ECONOMIC INDICATOR
Bond Market Battles Fed
In June, Fed policymakers lifted the Fed Funds Rate to a range of 1.00-1.25% and projected one more increase this year and three more hikes in 2018. Traders in the market for fed funds futures don’t agree. They see a 57% probability that the Fed lifts rates again in 2017.
by PUBLIC FINANCE TRENDS
Credit Spreads and Change in IL Impact
This month, we analyzed the impact of a credit differential between a AAA bond issue and a Aa2 bond issue. The AAA issue sold at approximately 12-30 bps lower than the Aa2 issue, which is expected given the two notch rating advantage.
