U.S. EQUITY RESEARCH Sector Watch December 21, 2015 Sam Stovall U.S. Equity Strategist HIKES & SPIKES Volatility Typically Picks Up After the Start of a Rate-Tightening Cycle Author of The Seven Rules of Wall Street S&P Capital IQ Global Markets Intelligence 55 Water Street New York, NY 10041 212-438-9549 sam.stovall@spcapitaliq.com A Hike in Rates In a classic case of...

October 2015 Commentary from Pacific Asset Management, the manager of the Pacific Funds SM Fixed Income Funds. Breaking Up with ZIRP Is Hard to Do The decision in September by the Federal Reserve (the Fed) to not raise the federal funds (fed funds) target rate highlights the challenges of U.S. monetary policy given weakening global growth and financial markets. In this article we discuss the...

SM Investment Edge Variable Annuity A smart choice for tax-deferred growth potential SM Investment Perspectives Interest Rates & Inflation InvestmentEdge.com Variable Annuities: • Are Not a Deposit of Any Bank • Are Not FDIC Insured • Are Not Insured by Any Federal Government Agency • Are Not Guaranteed by Any Bank or Savings Association...

BLU PUTNAM, CHIEF ECONOMIST AND MANAGING DIRECTOR CME GROUP 16 DECEMBER 2015 Fed To Adopt a Very Cautious, Inflation-Based and Data-Driven Approach to Future Rate Hikes All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its...

Checks and Other Transaction Account Payments For other transactions that would cause you to exceed your balance, such as if you write a check that overdraws your account or for recurring bills automatically deducted from your account, your bank can choose whether to “pay” (cover) the transaction that would cause you to exceed your balance. If the bank decides it will cover...

FHFA WORKING PAPERS Working Paper 14-2 The Effects of Monetary Policy on Mortgage Rates Saty Patrabansh, Senior Economist William M. Doerner, Economist Samuel Asin, Economist Office of Policy Analysis and Research Federal Housing Finance Agency 400 7th Street SW Washington, D.C. 20024, USA saty.patrabansh@fhfa.gov william.doerner@fhfa.gov samuel.asin@fhfa.gov June 2014 FHFA Working...

Weekly Interest Rate Monitor Treasury/Agency/CDs/MBS Item Current Prev. Change Treasuries 1 yr 0.700 0.670 0.030 2 yr 0.970 0.880 0.090 5 yr 1.490 1.380 0.110 7 yr 1.790 1.690 0.100 10 yr 1.980 1.880 0.100 30 yr 2.750 2.700 0.050 Treasury Inflation-Protected Securities (TIPS) 5 yr -0.009 -0.090 0.081 10 yr 0.437 0.345 0.092 30 yr 1.086 1.005 0.081 Agencies 1 yr 0.998 0.910 0.088 2...

Economic Research Published by Raymond James & Associates Scott J. Brown, Ph.D., (727) 567-2603, Scott.J.Brown@RaymondJames.com November 19, 2015 Monthly Economic Outlook ______________________________________________________________________________________ Fed Set to Begin Normalization Average Hourly Earnings, year-over-year % change U.S. economic activity has appeared mixed, but...

Manager of the TCW and MetWest Fund Families INSIGHT TRADING SECRETS One Rate to Rule Them All TAD RIVELLE | APRIL 2015 Tad Rivelle Group Managing Director Chief Investment Officer–Fixed Income Co-Director Fixed Income Tad Rivelle is Chief Investment Officer, Fixed Income, overseeing over $130 billion in U.S. fixed income assets, including over $80 billion of U.S. fixed income...