The Fed’s balancing act
One way US Federal Reserve leaders stay on message is to repeat words. Chair Jerome Powell certainly does, though sometimes the soundbites come back to haunt him – remember “transitory”? In the last few Federal Open Market Committee (FOMC) meetings, he struck a cadence with “confidence”; at 31 July’s post-meeting press conference, it was “balance.” […]
Much to celebrate, much to discuss
If cash is king – and we certainly think so – it held court last month in Pittsburgh. The annual Crane Data Money Fund Symposium took place in the conference centre attached to our global headquarters, and what a court it was. More than 600 portfolio managers, salespeople and clients came to celebrate the industry’s […]
Adapting to a shifting liquidity backdrop
UK inflation fell to 2.3% in April, its lowest level in almost three years and just shy of the Bank of England’s (BoE) target of 2%. The news may have helped spur Prime Minister Rishi Sunak into calling a surprise July election but the higher-than-expected figure – many economists forecast 2.1% – has dampened hopes […]
Filling the pool again
Summer doesn’t officially start until 21 June, but Memorial Day in the US marks the opening of public pools. That means municipalities were filling them in May with the clear, shimmering water that beckons children from coast to coast. Liquidity vehicles experienced their own flows in May (you probably knew I was headed in this […]
Extra innings
Opportunities at the longer end of the commercial paper curve?
Short Term Investments Committee
Short duration credit: ride the wave
Fast reading Bond yields have risen to such a level that the carry an investor receives in short duration debt should provide more than adequate compensation for any changes in bond prices. A global approach, trading in multiple currencies, can allow an element of arbitrage to capitalise on opportunities that may arise – between one […]
Mythos Geldmarkt: Wie Sie das Beste aus Ihrem Geld machen
Hinter den Geldmärkten verbirgt sich weit mehr, als ihr Ruf als Aufbewahrungsort für Barmittel vermuten lässt. Die Anlageform bietet Flexibilität, Diversifizierung, Schutz vor Marktvolatilität und kann bei hohen Zinssätzen überzeugende Renditen liefern. Geldmarktfonds sind ein wichtiger Nutznießer der aktuellen Wirtschaftslage, in der die Zinsen voraussichtlich noch länger hoch bleiben werden. Die anhaltende Zurückhaltung der Anleger […]
Investing in the now
It is hard to live in the present in general, but that is particularly true in business and finance as so much is predicated on what comes next. Whether it is the big ‘E’ in the equation for determining future value or the lower-case ‘e’ of the word itself, expectations rule. But in the case […]
Where are the best opportunities at the short end of the curve?
Short Term Investments Committee
