Notes from the Desk: SVB Impact on Rate Markets It’s been a wild Monday morning, with US and CAD 2y rates dropping 0.50%. Since Thursday we have seen the US 2y decline ~1% and the CAD 2y fall ~0.75%. What’s Going On? The fear of the SVB failure is that of contagion and instability in the […]

Notes from the Desk – US Inflation Chairman Powell is certainly earning his $190k salary, dealing with a battle on two fronts. Just a few days ago, the market was 100% certain that the Federal Reserve (Fed) was hiking next week with the debate being whether it would be 25 bps or 50 bps. Following […]