Economic data this past week was, generally, slightly better than expectations. But the potentially most impactful data is the monthly jobs report released just prior to this edition hitting inboxes. As of this writing on Thursday afternoon, stocks, led by the NASDAQ, were registering a notable daily drop and thereby providing UST’s with some flight-to-quality support; indeed, yields had fallen to levels last seen in early September. The holiday-interrupted week ahead is relatively light data-wise, with the inflation barometers likely of most importance; a smattering of FOMC-voter speaker events will also occur.

Watch this informative webinar featuring Jason Grubbs, Executive Vice President at The Frazer Lanier Company, to learn about FHLBNY’s AA+ rated Letters of Credit (LOC). Discover how these flexible and cost-effective tools can enhance liquidity management, secure obligations, and optimize funding strategies...

The banking industry has changed dramatically over the past decade. Following years of near-zero interest rates after the Global Financial Crisis, institutions navigated one of the most aggressive monetary tightening cycles in modern history. Since 2022, the Federal Reserve increased short-term interest rates by more than 500 basis points before beginning a gradual easing cycle and more recently a Fed rate hike, creating one of the most challenging operating environments for balance sheet managers in decades...