We believe fixed-income investments are an essential pillar of every successful long-term portfolio, regardless of the current market environment.
Retail Sales Confound Expectations With Slight Declines in April
by Michael J. Bazdarich, PhD
Asia Ageing Demographics—Implications for Asia Rates and FX
by Desmond Soon, Jing Kai Ng
Weekly Municipal Monitor—Assessing Census Apportionment Data
by Rolf E. Lundelius, PhD
Headline retail sales were flat in April, with a slight +0.1% revision to the March estimate. For the more widely tracked “control” measure, which excludes vehicle dealers, building material stores, gas stations and restaurants, sales were down 1.5%, with a -0.2% revision to the March estimate.
4/22: The Fed and Liquidity Markets: 1Q Review and 2Q Outlook Webcast
The global recovery should see a meaningful pickup in the second half of 2021 as economies continue to reopen, but we remain cautious over the longer term.