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.
Treasury Yields Rise Modestly as Fed Holds Rates at 3.5-3.75%; Trump Selects Warsh as Next Fed Chair
U.S. equities advanced at the broad index level, though results were uneven across sectors, and the return dispersion among individual companies was high.
