By Heather Rupp, CFA, Director of Communications and Research Analyst for Peritus Asset Management, Sub-Advisor of the AdvisorShares Peritus High Yield ETF (HYLD)
All eyes are on September 21st. Just over a week or so ago, people seemed to feel a September rate hike was unlikely, now over the course of a week and a bit of hawkish Fed-speak, many now seem to believe September may actually be in the cards. On Friday we saw security prices fall across the board, with both risk assets and Treasuries taking a hit.
Financial markets across the world have been taking their cues from central banks for years now, and last week was just another example. Over the week, the ECB (European Central Bank) decided they would not take further easing measures at this time. We know the Federal Reserve wants to at some point begin raising rates, thought timing uncertain. What happens… Read More …