A Tough Day for the Dow

Friday, January 24 was a rough day for the US equity markets with the Dow Jones Industrial Average shedding 318.24 points or 1.96%.  Driven by increasingly wide spread expectations of a market correction and slowing manufacturing in China, the Dow experienced its worst single day point drop since June 20th of last year.  On that day, Read more […]

Munis – Once again a ‘risk off’ asset class

Municipal bonds yields have come down at a faster pace than U.S. Treasury bond yields helping to push up bond prices. Equity and currency market volatility is helping to drive cash inflows for municipal bond funds and when combined with manageable new issue supply has helped foster a stronger muni bond market. The S&P National AMT-Free Municipal Bond Index tracking Read more […]

Looking Back for Forward Guidance

Investors and some central bankers believe in forward guidance – that announcing what the bank will do well before it does anything can control the economy.  One proponent is Mark Carney the governor of the Bank of England (BOE) and previously head of the Bank of Canada. In a speech earlier today at Davos he Read more […]

Natural Gas Is Backwardated And The Weather Is Backwards

When I see a forecast of freezing weather, unlike most, I don’t think about how I will dress warmly or prepare for the cold.  As a commodity lady, I think about how much the price of natural gas will increase. However when I saw this on TV yesterday, I had more food for thought than Read more […]

Indian Fixed Income or Equities: Know your onions!

The fixed income market is quintessential for the growth of the economy. They serve as one of the mediums for the government to raise money. In India the fixed income market has been attaining the depth as well as maturity over the years and the government securities play a dominating role. The on-the-run 10 year Read more […]

Investing in Solutions: Leaders in Finance and Climate

This week, I participated in an event at the White House on Women Leaders in Climate Finance and Investment that highlighted the pioneering role women leaders in the finance sector are playing to mainstream climate change into finance and investment decisions.  Women around the world are often the first to feel the effects of climate Read more […]

National Credit Default Rates Decreased in December 2013 According to the S&P/Experian Consumer Credit Default Indices

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through December 2013 S&P/Experian Consumer Credit Default Indices Press Release – January 2014

The Yellen Fed

The FOMC, the Fed’s monetary policy unit, meets next week on January 28th and 29th. It will be Ben Bernanke’s last meeting and the beginning of Janet Yellen’s leadership of the central bank.  No immediate change in Fed policy is likely – winding down QE3 over the next few months as announced in December will Read more […]

US Economy Finished 2013 Healthier than Ever

The US economy finished 2013 healthier than it has been since the depths of the financial recession in 2008 and 2009.  There were a number of milestones in 2013; many have not been fully appreciated. First, the US energy production boom has probably adding some 0.5% annually to US real GDP.  US crude oil production Read more […]