Note: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from reporting at the time of this estimate. Importantly, some...
Auctions for the 2-year, 5-year, and 7-year Treasury notes went poorly last week and Treasury yields spiked, raising concerns about investor demand for U.S. debt. The auctions cleared at higher-than...
President Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget to $1.5 trillion. Using the latest projections for...
