From canals to cloud computing, municipal bonds have powered U.S. infrastructure for generations.
Treasury Yields Decline, Curve Flattens on Concerns Over AI Impact on Economy
Tax-Exempt Yields Fall Amid Strong Demand
Treasury Yields Rise Modestly as Fed Holds Rates at 3.5-3.75%; Trump Selects Warsh as Next Fed Chair
Curve Steepens and Tax-Exempt Yields Fall Amid Strong Demand
While the market’s performance was relatively “normal”, 2025 felt anything but normal to us.
U.S. equities advanced at the broad index level, though results were uneven across sectors, and the return dispersion among individual companies was high.
Chautauqua explores whether recent international equity outperformance signals a new long term market leadership cycle.
Global equity markets ended 2025 on a strong note, led by international equities. Read how our funds are positioned.
2025 Municipal Market Review
2025 Bond Market Review
