◀ The Principal Blog

Posts from the ‘Portfolio Management’ category

Puerto Rico Defaults

This week, the downward spiral has been put in motion as Puerto Rico halted deposits into the fund that pays its general-obligation and one of its agencies defaulted for the first time. The missed $58 million bond payment is a fraction of the U.S. Commonwealth’s $72 billion debt. Investors should…

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Fed Paves the Road to Higher Interest Rates

The recent Federal Reserve statement acknowledges progress in the U.S. labor market, while continuing the watch for higher inflation and wages. Looking at this statement in its two component parts may help us better understand how the Fed is thinking about a possible rate hike later this year. In…

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