TRA Macro Tracking Index

The commencement of the U.N. General Assembly this week has ushered in some hopes of a potential diplomatic solution to the conflict in the Middle East. That along with some broader oil supply growth has led credit markets higher with a yields falling incrementally from their highs last week. There still seems to be a long way to go, and the Fed's rate hike last week, while expected, does not appear to have constrained much growth in the economy in the short-term.

Stay tuned for more updates this week, as always!