Municipal Advisory
On March 3, 2020 the Fed cut the overnight target rate by 0.50%. Uncertainty surrounding COVID-19 continues to create strong demand for safer treasury securities, driving down treasury rates throughout March; however, municipal bond yields (measured by AAA General Obligation Bonds) increased significantly during the...
Uncertainty surrounding the COVID-19 virus (Coronavirus) mounted the end of February, causing investors to flee from equities into safer treasury securities and driving down rates. On March 3, 2020 the Fed cut the overnight target rate by 0.50%. Following this announcement, the futures market is...
This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report with a more in-depth look at...
This month, the Federal Open Market Committee (FOMC) held the target rate steady while long term US treasury rates declined, resulting in an inverted curve. Additionally, there are increasing probabilities in the futures market for multiple decreases in the target fed fund rate before the...
This month, the Federal Open Market Committee (FOMC) voted unanimously to hold rates steady and the US treasury curve steepened moderately. The current target fed funds rate is 1.5-1.75% and the probability of a rate cut in 2020 has decreased as predicted by the futures...
