Gary Siegel, The Bond Buyer

Gary Siegel

The Bond Buyer

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Recent:
  • Unknown
Past:
  • The Bond Buyer
  • Financial Planning
  • American Banker

Past articles by Gary:

Markets see rate hikes coming sooner with still-raging inflation

Municipals are sitting out the up-and-downs in equities and UST, with $12 million scheduled for the primary in the final week of 2021. → Read More

Munis face slight pressure amid primary flood

Spreads have been widening, but secondary trading was on the light side and triple-A benchmarks were cut by only a basis point in spots even as U.S. Treasury yields once again rose on the 10- and 30-year. → Read More

Mutual fund inflows climb, high-yield in the black again

Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels. → Read More

High-yield sector seeing some pushback

The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation. → Read More

Fiscal lessons of COVID pandemic

Veneta Dimitrova, senior U.S. economist at Ned Davis Research, says the COVID pandemic showed us the government has more fiscal space than thought. She also discusses inflation, housing, the manufacturing sector, global supply chain challenges and the Fed’s balance sheet. Hosted by Gary Siegel. Taped Feb. 24. (32 minutes) → Read More

California leads muni calendar with $1.8B

It was a quiet and uneventful Friday as the municipal market viewed the higher-than-expected growth in the jobs report as an indicator of economic recovery ahead and it prepared for the coming of more than $9 billion of tax-exempt and taxable supply combined next week. → Read More

Inflation gains are likely to remain moderate

The Federal Reserve's Summary of Economic Projections forecasts inflation won't hit its 2% target next year, and others agree. → Read More

FOMC talks long game, but will inflation change the strategy

The Federal Open Market Committee announcement commits it to buying at least $120 billion of securities a month until “substantial further progress” is made on its dual mandate of stable prices and maximum employment, suggesting it will continue well into 2022. → Read More

Indicators cool as COVID-19 cases climb

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling. → Read More

Payrolls rise least since spring, unemployment, participation rates down

The 245,000 increase in nonfarm payrolls indicated a slowing, and with lockdowns rising, December's numbers could fall again. → Read More

Indicators show consumers' expect conditions to worsen in the next six months

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead. → Read More

Clarida says Fed’s new framework is ‘an evolution’

The Federal Reserve’s changed policy framework is “an evolution, not a revolution,” according to Vice Chair Richard Clarida. → Read More

Bond elections: $1B-plus deals approved or leading, next tier faltering

As is usually the case, the largest bond deals appear headed for victory, although this year's tally seems to be slower than normal, given the COVID-19 pandemic. → Read More

The Fed, market volatility and asset bubbles

Uncertainty has been the code word since March — about the length of the pandemic, about the election, and many other issues. The markets hate uncertainty. → Read More

Retail sales, consumer sentiment offer hope; manufacturing numbers weak

The economic news Friday was mostly positive, with consumers spending on clothes, cars and eating out, while manufacturing continues to suffer. → Read More

Does it matter to the market who wins the election?

Although short-term volatility is certain, experts consider whether the long-term outlook would change depending on the winners. → Read More

Evans says Fed must not raise rates until inflation is at 2% and ready for overshoot

The federal funds rate target should remain at the zero lower bound until inflation reaches 2% and remains headed higher, Federal Reserve Bank of Chicago President Charles Evans said Monday. → Read More

Good and bad seen in employment report, observers say

Payrolls were added and the unemployment rate fell, but some observers saw negatives in the September employment report. → Read More

Will Fed need to consider negative rates without stimulus?

While the Fed has written off negative interest rates as a last resort, without stimulus, consideration may be nearer. → Read More

Rosengren sees slower recovery, need for monetary and fiscal stimulus

A “fragile” economy and his expectations for a “more gradual” than forecast recovery mean “fiscal- and monetary-policy stimulus are essential,” Federal Reserve Bank of Boston President Eric Rosengren said Wednesday. → Read More