A hawkish shift in the Fed’s tone triggered a negative response in U.S. financial markets, sending bond yields higher, spreads wider, and making it the worst January for the S&P 500 since 2009. Fixed income markets were pricing in approximately five rate hikes in 2022 at the end of January, but uncertainty remains related to the Fed’s preferred path to removing monetary accommodation in the near term. The sharp rise in yields is negative for depository bond portfolio valuations, but bank stocks outperformed the broader market in January as higher yields boost the value of deposit franchises.
This webinar will help you look beyond the headlines to better understand what is driving the current market trends that could impact your credit union’s investment portfolio. Experts from ALM First, investment advisor for Trust for Credit Unions, and Callahan Financial Services, distributor of Trust for Credit Unions, will share key insights on the latest market news and an analysis of the most recent industry data to help you assess the current landscape.
Join Callahan & Associates and Jason Haley, chief investment officer, ALM First, and Jay Johnson, president, Trust for Credit Unions, for an interactive discussion about the latest economic and market insights along with investment trends based on 4Q 2021 Performance Data for all U.S. Credit Unions.