Archive for June, 2015

May 2015 – Monthly Commentary

June 11, 2015  |   Monthly Commentary   |     |   0 Comment

Economic activity continued to accelerate in May, as the weather finally stabilized and recession concerns abated. Despite the improvement, the bond market was mixed, with credit spreads generally wider, especially in the municipal bond market. The continued acceleration in economic activity was underscored by the robust jobs report released on June 5th. Hours after the release of the report, New York Fed President Bill Dudley commented that the Fed is likely to ...