The past week was mostly dictated by Mideast war news, with the ongoing ceasefire instilling a steadier backdrop to markets. Data released over the week was of a second-tier nature and proved inconsequential, in terms of notable rates movements. The Mideast conflict and its impacts should continue to be the dominant driver of markets; for now, markets are in a hopeful pattern that the ceasefire will hold and limit further economic or market repercussions.

Back by popular demand, Frank Farone, Managing Director of Darling Consulting Group, returns to join us once again for an informative session focused on Liquidity and Asset/Liability Management. Frank will address key challenges and provide actionable strategies to help FHLBNY members stay resilient and take advantage of the new rate environment now and in the months/years to come.

We are now experiencing a “higher for longer” phase in the interest-rate cycle, accompanied by an inversion in the short-to medium terms followed by a steepening (see following chart). The Fed is still in a restrictive posture, but market expectations indicate a near-term easing, however, uncertainty surrounding the potential of future heightened growth leading to elevated inflation is causing steepening at the longer-end of the curve…