TRA Macro Tracking Index

We have a Fed Chair candidate named. Kevin Warsh. Credit markets are reacting with a shrug. Warsh has more recently indicated he is in favor of rate cuts, but in the past he has been an inflation hawk, so we'll see where the cards land (if he's approved of course). The dollar strengthened nominally, while yields remained relatively stable over night.

Have a great weekend, and stay tuned for more updates next week!