Examining Bond Portfolio Trends: Second Quarter 2022

Examining Bond Portfolio Trends: Second Quarter 2022 Beginning in May 2012, we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $13.5 billion (not including SouthState Bank), or $104 million on average…

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Examining Bond Portfolio Trends: First Quarter 2022

Examining Bond Portfolio Trends: First Quarter 2022 Beginning in May 2012, we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $12.9 billion (not including SouthState Bank), or $99 million on average…

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The Tightening Cycle Begins

Fed Begins Rate Hikes. More to Come As expected, the Fed raised the overnight target rate 25bps to 0.25% – 0.50%.   The updated Dot Plot now shows a total of seven 25bps hikes in 2022, including today’s, and another three hikes in 2023 reaching 2.75%. The longer-run fed funds terminal rate is forecast to…

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Examining Bond Portfolio Trends: Fourth Quarter 2021

Examining Bond Portfolio Trends: Fourth Quarter 2021 Beginning in May 2012, we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $19.0 billion, or $143 million on average per portfolio.  Twelve months…

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Examining Bond Portfolio Trends: Third Quarter 2021

Examining Bond Portfolio Trends: Third Quarter 2021 Beginning in May 2012 we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $17.2 billion, or $132 million on average per portfolio.  Twelve months…

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Examining Bond Portfolio Trends: Second Quarter 2021

Examining Bond Portfolio Trends: Second Quarter 2021 Beginning in May 2012 we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $15.8 billion, or $122 million on average per portfolio.  Twelve months…

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Bond Portfolio Trends: First Quarter 2021

Examining Bond Portfolio Trends: First Quarter 2021 Beginning in May 2012 we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank.  At present, we account for over 130 client portfolios with a combined book value of $14.3 billion, or $110 million on average per portfolio.  Twelve months…

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Examining Bond Portfolio Trends: Third Quarter 2020

Examining Bond Portfolio Trends: Third Quarter 2020 Beginning in May 2012 we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of CenterState Bank.  At present, we account for over 130 client portfolios with a combined book value of $11.5 billion, or $88 million on average per portfolio.  Twelve months…

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Examining Bond Portfolio Trends: Second Quarter 2020

Beginning in May 2012 we started tracking  portfolio trends of our bond accounting customers here at the Correspondent Division of CenterState Bank.  At present, we account for over 128 client portfolios with a combined book value of $11.4 billion, or $89 million on average per portfolio.  Twelve months earlier the average portfolio size was $65…

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Fed Keeps Rates Near Zero, Continues Vow to Use All its Tools

Today’s FOMC meeting was never going to be a barnburner and it lived up (or is that down?) to those limited expectations. The Fed left the fed funds rate unchanged today (0.00%-0.25%) and did not tweak the Interest on Excess Reserves (still at 0.10%). And being a non-quarter-end meeting there wasn’t an update to the…

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Fed Expects to Keep Rates on Hold Through 2022

In a surprise to no one the Fed left the fed funds rate unchanged today, but did return to forecasting the economy and rates for the first time since the December meeting and the bottom line there is the Fed doesn’t expect to hike rates through 2022. Chair Powell is expected to address at the…

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Fed Keeps Funds Rate and IOER Unchanged, QE Remains Unlimited

It’s been exactly three months since the last regularly scheduled FOMC meeting and what a different world we are in versus the Fed meeting on January 29th. The Fed left the fed funds rate unchanged today (0.00%-0.25%) and did not tweak the Interest on Excess Reserves (still at 0.10%). There was some thought they would…

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