Best Places to Live in the USA

April 11th, 2019 by Keeley Byer

Ten cities where Greysteel conducts business were ranked among the top 25 “Best Places to Live in the USA” in U.S. News & World Report’s recently published 2019 annual list. Each year U.S. News analyzes the 125 most populous metro areas in the nation to find the best places to live based on data from the U.S. Census Bureau, the Federal Bureau of Investigation, and the U.S. Dept. of Labor. U.S. News categorizes data into the five indexes and then weights them using a methodology determined by Americans' preferences. To make the top of the list, a…

Greysteel Capital Markets Update | April 2019

April 2nd, 2019 by Keeley Byer

While some analysts point to the dramatic reduction in interest rates over the past six months as an indicator of a possible recession, the economy and broader market are showing mixed signals. Retail sales unexpectedly fell in February while the Institute for Supply Management’s (ISM) Manufacturing Index rose in March. The S&P index was up over 13% in Q1 2019 and although economic growth continues to slow, the next several months will provide greater clarity in the direction of the U.S. economy.

The Federal Reserve's Balance Sheet In Four Charts

March 26th, 2019 by Keeley Byer

Last week, the Federal Reserve announced it will stop shrinking its $4 trillion balance sheet by the end of September 2019 and would like to get back to a balance sheet consisting mostly of Treasuries. Currently, Treasuries account for approximately 55% of the assets on the Fed's balance sheet, MBS account for 40%, and 5% other assets, including gold. Check out the full article with charts below.

Greysteel Capital Markets Update | March 2019

March 5th, 2019 by Keeley Byer

The U.S. economy grew a solid 2.6% in the fourth quarter of 2018, and increased 2.9% for the year. Economic growth has trended down over the last several quarters and many economists are projecting slower growth heading into 2019. The Federal Reserve appears content with holding off on any interest rate action in the near future but will observe how the U.S. and global economies perform through the summer. The 10-year Treasury remained largely stable throughout February as the benchmark rate rose just a few basis points for the month.

Greysteel Capital Markets Update | February 2019

February 5th, 2019 by Keeley Byer

January’s economic data gave investors a warm welcome (polar vortex aside) as we kicked off 2019. A much better than anticipated jobs report showed that the economy is still generating a substantial number of jobs while inflation has stayed largely in check. The Federal Reserve did not raise rates this month and provided guidance indicating it has softened its position on future rates hikes in the near future, which helped to keep the 10-Year Treasury flat for the month, ending at 2.63%. All of this was encouraging to the equity markets, as the S&P 500 index was up nearly eight percent…