Archive for July, 2015

June 2015 – Monthly Commentary

July 13, 2015  |   Monthly Commentary   |     |   0 Comment

The bond market was under selling pressure for most of June as the economic data released during the month was unequivocally positive. On the back of that, stock prices soared and interest rates drifted higher. Reacting to the upturn in economic activity, Fed Chair Yellen, at the post Open Market Committee meeting, said that the market should prepare for a rate hike before year end. Reflecting that comment, the FOMC’s year end ...