July 6
At the beginning of May, monetary policymakers at the Fed raised the federal funds rate (FFR) by 50 basis points, pushing the target range to 0.75%-1.00%. Markets rallied on the news because Fed Chair Jerome Powell took the potential for a 75-basis-points hike off the table at the post-meeting press conference. Month-over-month, the yield on the 2-year US Treasury note fell 15 basis points to end May at 2.56%. The yield on the benchmark 10-year Treasury fell nine basis points to 2.84%.
(click here to read more)
Jeffrey Cleveland, Chief Economist on inflation prospects - Hope is not a strategy. Click below for more.
Hope is not a strategy: Click Here.
Funds professionally managed by Payden & Rygel for 29 years running.

Sector Allocation
% of Portfolio Assets(02/28/22)
Your Investment
How has your investment grown over time?