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WisdomTree Insights
One week into the new year and the money and bond markets have wasted no time generating headlines, with yield levels rising essentially across the spectrum of Treasury (UST) maturities. Sometimes investors are left searching for answers for these type of quick and sizeable movements in rates, but this time around, the catalyst is abundantly clear, the Federal Reserve.
Given the unfortunate second wave of the pandemic, it’s easy to focus solely on what the negative impact could potentially mean for the US economy. However, Jeremy Schwartz and Kevin Flanagan discuss one sector of the US economy that has been able to outperform expectations: manufacturing.