The Treasury Department’s announcement of a bond buyback stemmed a selloff—but not for long Brian Jacobsen was heading into a meeting Wednesday when Treasury Secretary Scott Bessent threw a major curveball at the U.S. bond market. A day earlier, yields on 30-year U.S....
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Talk ETFs: Don’t Blame The Fed For High Interest Rates
Nov 15, 2023
Don’t Blame The Fed For High Interest Rates
In The News | November 15, 2023
Talk ETFs
Higher bond yields may be here to stay, but don’t blame the Fed for causing them. In this episode of Talk ETFs, Brian Jacobsen, Chief Economist at Annex Wealth Management, sits down with etf.com Senior Analyst Sumit Roy to discuss the causes of high interest rates and what they mean for the stock and bond markets. Jacobsen doesn’t believe that the “higher for longer” narrative regarding the federal funds rate is the sole cause of the recent surge in bond yields, though it is a “contributing factor.” “The big move up in bond yields really occurred at the end of July after the Treasury announced that they were going to be issuing a lot more longer-dated debt than a lot of people were expecting. It really focused investors’ attention on the size of deficits,” Jacobsen explained. As chief economist, Brian provides insight and leadership to Annex’s clients and its investment committee, which guides client portfolio construction and investment philosophy. An accomplished writer and speaker, Brian’s perspective and expertise have been featured nationally on networks like CNBC and Bloomberg. He has also appeared on Annex’s “Money Talk” weekly radio program in the past.
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As a subject matter expert, Brian Jacobsen, Chief Economist at Annex Wealth Management (seen from 0:37 to 4:47) is often interviewed with individuals not affiliated with the firm. Annex Wealth Management does not have control over the content or opinions expressed by these unaffiliated parties.
Annex Wealth Management, LLC is an investment advisor registered with the SEC doing business as Annex Wealth Management® (“Annex”). The information provided should not be relied upon by the viewer as legal or tax advice, or research or investment advice regarding any investment, nor should it be construed as a solicitation or recommendation to purchase or sell any stock, bond, or other security. This site contains excerpts from Annex’s live, unscripted and extemporaneous broadcasts. Considerable efforts are made to provide a balanced presentation and a sound basis for evaluating the content, however, live broadcasts don’t always lend themselves to a full and fair discussion of all the material facts and investor may want to consider before investing. All items on this site have been previewed by a qualified supervisor at Annex to avoid unqualified, promissory, exaggerated, unwarranted, or misleading statements or claims, including promises of specific future returns or projections of investment performance.
As a subject matter expert, Brian Jacobsen, Chief Economist at Annex Wealth Management (seen from 0:37 to 4:47) is often interviewed with individuals not affiliated with the firm. Annex Wealth Management does not have control over the content or opinions expressed by these unaffiliated parties.
Annex Wealth Management, LLC is an investment advisor registered with the SEC doing business as Annex Wealth Management® (“Annex”). The information provided should not be relied upon by the viewer as legal or tax advice, or research or investment advice regarding any investment, nor should it be construed as a solicitation or recommendation to purchase or sell any stock, bond, or other security. This site contains excerpts from Annex’s live, unscripted and extemporaneous broadcasts. Considerable efforts are made to provide a balanced presentation and a sound basis for evaluating the content, however, live broadcasts don’t always lend themselves to a full and fair discussion of all the material facts and investor may want to consider before investing. All items on this site have been previewed by a qualified supervisor at Annex to avoid unqualified, promissory, exaggerated, unwarranted, or misleading statements or claims, including promises of specific future returns or projections of investment performance.