June or July, the RRP will likely start declining, and with it, we should be on alert for new liquidity problems, barring any actions from the Fed #markets
Many changes will come with the sunsetting of many rules, including the possibility that federal estate and gift tax exemption levels will revert. #taxes
This is just one plan for the Fed to help the Treasury fund its growing debts. Our Commentary about QE Light sheds light on a second rumored proposal. #Fed
This April both broad interest rate volatility and an uptick in new issuance over the past month are certainly playing their part as well. #fixed #income