Gov Agencies

Highlights Chart 1Is Inflation Heating Up? Is Inflation Heating Up…

Highlights U.S. equity valuations are historically high, based on a variety of metrics. However, relative to competing assets and global equity peers, U.S. stock valuations are not an extreme. For U.S.-based investors, our upbeat view on the U.S. dollar…

Highlights Chart 1Strong Growth & An Easy Fed Strong Growth & An Easy Fed…

Highlights Chart 1Upside Risks & Uncertainty Upside Risks & Uncertainty…

Feature At no time in recent history have China's foreign reserves been under such tight scrutiny by global investors as they are now. The country's multi-trillion-dollar official reserve assets, long viewed by both Chinese officials and the global…

Highlights Chart 1More Upside From Inflation bca.usbs_pas_2016_12_06_c1…

Highlights Chart 1Targeting 2% bca.usbs_pas_2016_11_08_c1…

We are pleased to share this <i>Special Report</i> rolling out our Global ETF Strategy (GETF) service's model ETF portfolios.
We are in the latter stages of developing the digital interface that will serve as the central nervous system for the GETF service and are excited to be rolling it out next month. In the meantime, the GETF team has embarked on its regular bi-weekly publication schedule. An ETF Primer <i>Special Report</i> will follow on October 26. It will discuss ETF architecture, operation and trading, and is meant to help investors determine how they can best deploy ETFs to accomplish their tactical and strategic goals.

There are two key risks that could derail a bear-flattening of the yield curve. The first is a Trump election victory, the second is a flaring of stress in the non-U.S. banking sector.

With recent comments strongly hinting that the Fed is on track for a rate hike in December, the dy-namics of the Fed Policy Loop make spread product appear extremely vulnerable.