Market Commentaries
Andres Perspectives - Double-Dip Recession Semantics
The National Bureau of Economic Research (NBER), which has overall responsibility for defining the beginning and end of both contractions and expansions, has not declared an official end to the recession that they stated began in November of 2007. In the absence of an official end to the current recession, it is somewhat problematic to enter into a second or “double-dip” recession. Technically, a double-dip refers to a recession followed by a short-duration, unsustainable recovery followed by a second recession. »»
Andres Perspectives - The Corporate Bond Advisor
When you hear yield, do you say stop? When a client says bonds, do you think, “No interest?” Does the bond marketplace seem confusing? All credit products, including corporate bonds, are generally quoted and traded at some spread over active U.S. Treasury issues. Basically, the greater the “perceived” risk, the greater the spread will be. »»
Market Environment
Economic and Market Overview – Second Quarter 2010
The positive economic momentum experienced in the first quarter slowed appreciably in the second quarter of 2010. Indeed, not only did growth slow domestically, but concerns escalated globally over the sheer amount of outstanding sovereign debt, causing worry about defaults, and creating an extremely volatile market environment. »»
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