Author Archives: David

Fed Raises Projections for Rates in 2015, 2016

Federal Reserve Officials Continue to Taper Bond Purchases Jon Hilsenrath June 18, 2014 Federal Reserve officials nudged up their projections for short-term interest rates in 2015 and 2016 but slightly reduced their outlook for interest rates in the longer-run. The … Read more

Web tool offers pricing information for municipal bonds

$3.7 trillion market has been difficult for investors to navigate By Mark Schoeff Jr. Jun 9, 2014 The self-regulatory organization overseeing municipal bonds introduced on Monday a new way for investors to analyze prices in the often opaque market. The … Read more

Yellen Has Scant Power to Relieve U.S. Housing Slowdown

May 28, 2014 By Rich Miller and Victoria Stilwell of BLOOMBERG The hesitant housing recovery has surprised and concerned Federal Reserve Chair Janet Yellen and her colleagues at the central bank. It’s not clear how much they can do about … Read more

Yellen stays upbeat but is watching housing

Housing slowdown is a concern, Fed chief says May 7, 2014 By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — The U.S. economy will end the year in better shape despite the slow start in the first quarter, but recent weakness in … Read more

The bond party is over

By J. Brent Burns and Stephen J. Huxley Apr 22, 2014 The rise in interest rates since the historic low in 2012 has many bond fund investors running for cover, much to the consternation of Pacific Investment Management Co.’s chief … Read more

SEC money fund reform won’t placate everyone

Question remains which funds will escape the agency’s float proposal By Trevor Hunnicutt Mar 28, 2014 Players in the $2.7 trillion money market fund industry are cautioning that even if the SEC moves ahead on its money market reform plan, … Read more

Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities

March 19,  2014 NEW YORK—On March 19, 2014, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase additional agency mortgage-backed securities (MBS) at a pace … Read more

Public-Sector Employment Picture Improves Marginally

GFOA Newsletter February 27, 2014   The outlook for public-sector employment has improved by a small margin, according to a new survey by the International Public Management Association for Human Resources, as reported by Governing. Of the mostly state and … Read more

What does the future portend for Pimco?

By Jeff Benjamin Jan 24, 2014 As speculation abounds on what really drove Mohamed El-Erian to resign his leadership post at Pacific Investment Management Co., the move is raising larger questions about the future of the fixed-income powerhouse and its … Read more

Microsoft Excel in the age of Big Data

By Lowell Putnam and Niko Karvounis Jan 6, 2014 Let’s face it, Big Data is one of the most overused buzzwords today — but hype or no, Big Data is real and it’s powerful. The ability to quickly crunch large … Read more