U.S. yields remain depressed on recession fears; the U.S. yield curve is flattening but nowhere near inverting; ISM manufacturing PMI will be today’s data highlight; June eurozone CPI came in hot; yet ECB tightening expectations have softened; Japan reported June Tokyo CPI; Q2 Tankan survey was mixed; the Antipodean currencies remain under pressure; Caixin reported its June manufacturing PMI

Fed Chair Powell made some rare comments about the dollar; Chicago PMI will be today’s highlight; May core PCE will be closely watched; Colombia is expected to hike rates 150 bp to 7.5%; BOE Governor Bailey did sterling no favors; the Riksbank hiked rates 50 bp to 0.75%, as expected; Japan reported weak May IP and housing starts data; China reported strong official June PMI readings

Fed officials remains hawkish; regional Fed manufacturing surveys for June were uniformly weak; reports suggest the internal debate about the ECB crisis tool continues; June eurozone CPI readings take center stage; Hungary delivered a hawkish surprise; Japan reported May retail sales and June consumer confidence; Australia reported strong May retail sales

The Network Forum Annual Meeting took place in person, for the first time since the pandemic, at London’s famous cricketing venue, The Oval, to assess new opportunities and risks and how to navigate seven major industry developments. Janet Du Chenne and Sinead McIntosh report.

Fed tightening expectations have steadied but remain off the recent highs; regional Fed manufacturing surveys for June will wrap up; ECB President Lagarde affirmed plans to hike rates July 20; Brexit tensions are picking up; Hungary is expected to hike the base rate 50 bp to 6.40%; China cut the required quarantine times for international arrivals; PBOC Governor Yi pledged to maintain stimulus

Fed tightening expectations have steadied but remain off the recent highs; most ECB speakers this week are centered around the ECB forum that begins tonight in Sintra; while the ECB has a single mandate of price stability, it has an unofficial second mandate of fighting so-called fragmentation; Brexit remains in the headlines; the summary of discussions from the June 16-17 BOJ meeting suggests there is no rush to remove accommodation

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Simo Liu sits down with Adrian Whelan to discuss three ESG themes including global taxonomies, corporate governance and point of sale rules.

U.S. yields remain low as recession fears rise; the U.S. yield curve is flattening but nowhere near inverting; Fed Chair Powell broke no new ground in his testimony before the House; Mexico hiked rates 75 bp to 7.75%, as expected; June German IFO business climate came in soft; U.K. reported soft May retail sales; U.K. politics are heating up; Japan reported May national CPI readings

Fed Chair Powell finally acknowledged recession risks are building; Fed expectations are pretty much unchanged after Powell; yet U.S. yields are falling again as risk-off impulses build; Mexico is expected to hike rates 75 bp to 7.75%; eurozone reported weak preliminary June PMI readings; ECB tightening expectations have eased; Norway hiked rates 50 bp to 1.25%; Turkey kept rates steady at 14.0%, as expected; former head of FX policy at Japan’s Finance Ministry Takehiko Nakao said markets shouldn’t rule out unilateral intervention

The recovery in U.S. yields has been halted by the return of risk-off impulses; Fed tightening expectations have fallen a bit; Powell delivers his semi-annual testimony before the Senate; Canada reports May CPI data; the ECB seems to be following a policy of strategic ambiguity regarding its planned crisis tool; Italy is back in the headlines due to rising political risks; U.K. reported May CPI data; South Africa reported May CPI; Czech National Bank is expected to hike rates 100 bp to 6.75%; the BOJ minutes are worth discussing;

With recession fears rising, May Chicago Fed NAI takes center stage; housing data will remain in focus as weakness in that sector persists; Canada reports April retail sales; Brazil COPOM minutes will be released; ECB President Lagarde affirmed liftoff next month; Chief Economist Pill said the BOE is prepared to sacrifice growth in order to bring down inflation; RBA released the findings of its review of YCC; Korea reported trade data for the first 20 days of June

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

U.S. yields are stabilizing; Fed tightening expectations remain elevated; the euro has recovered on reports that the ECB anti-crisis tool is starting to take shape; BOE Chief Economist Pill identified some triggers that would require more forceful action; BOJ kept all policy settings unchanged, as expected; stresses in the JGB market are rising

The Fed hiked rates 75 bp, as expected; Fed tightening expectations have picked up significantly; U.S. yields have recovered; BOE hiked rates 25 bp to 1.25%, as expected; the ECB emergency meeting yielded nothing but disappointment; SNB surprised markets with a 50 bp hike to -0.25% and signaled a shift in its FX intervention policy; BOJ began its two-day meeting today and is expected to keep all policy settings unchanged when it ends tomorrow

In this article, we discuss family offices, what it takes to create one, who should consider creating one and who is better suited to work with an established private wealth manager focused on ultra‐high‐net‐worth clients.

The two-day FOMC ends today with a rate hike; new macro forecasts and Dot Plots will be released; we also note that QT announced at the May 3-4 FOMC meeting starts today; May retail sales will be reported ahead of the FOMC decision; Brazil COPOM is expected to hike rates 50 bp to 13.25%; the euro is higher after the ECB announced an emergency meeting today in response to growing concerns about fragmentation; we are shocked that the ECB wasn’t better prepared for the fallout

With the curtailment of trading in Belarusian, Russian and Ukrainian securities, fund liquidity is high on asset managers’ agendas. BBH’s Adrian Whelan addresses some of the key questions around use of side-pockets for UCITS funds.

U.S. yields continue to rise; the rise in short-end U.S. yields reflects significantly higher Fed tightening expectations; portions of the U.S. yield curve have inverted again; monthly U.K. data dump started out very weak; Brexit remains in the headlines; we think the rising risks of fragmentation are a major factor behind subsequent euro weakness; BOJ bought JGBs to defend its Yield Curve Control target; China is reimposing some COVID restrictions as virus numbers rise

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

A BBH-hosted webinar examined the key components influencing a successful UCITS distribution strategy in the Asia-Pacific region.

U.S. yields continue to rise; the rise in short-end U.S. yields reflects heightened Fed tightening expectations; May CPI data will be the main event; Canada highlight will be May jobs data; ECB kept rates steady but flagged a 25 bp hike in July; ECB tightening expectations have picked up; ECB simply did not seem overly concerned about the risks of rising peripheral yields; Brexit appears to be coming to a head once again; Japan officials have renewed their warnings about the weak yen

At IMpower FundForum in Monaco, participants zoomed in on the democratization of private assets and the role of service partners, technology, and innovation in driving future growth.

Rates are moving in favor of the dollar; the rise in short-end U.S. yields reflects heightened Fed tightening expectations; the ECB is widely expected to keep rates steady whilst setting the table for July liftoff; the ECB could announce some details of a new emergency bond-buying program; Japan reported solid May machine tool orders; the RBNZ laid out details for planned QT; China reported firm May trade data

U.S. yields are moving higher; consumer credit continues to surge; reports suggest Michael Barr’s confirmation as Fed Vice Chair for supervision will be smooth sailing; reports suggest the U.K. is pressing ahead with plans to unilaterally rewrite parts of the Brexit accord; ECB tightening expectations have picked up ahead of tomorrow’s decision; Germany reported weak April IP; Japan reported final Q1 GDP data; India hiked rates 50 bp to 4.90%, as expected; Thailand delivered a hawkish hold

Post-pandemic concerns and the Russia-Ukraine conflict have not deterred investors from flooding into exchange-traded funds. At FundForum, BBH’s Antonette Kleiser shared highlights of our recent Global ETF Investor Survey.

U.S. yields are moving higher; Chile is expected to hike rates from 8.25% currently; U.K. Prime Minister Johnson survived the no confidence vote; reports suggest ECB policymakers remain very concerned about peripheral spreads; Germany reported very weak data; Turkey President Erdogan is showing no inclination to let the central bank hike rates; Japan reported weak April household spending and cash earnings data; RBA delivered a hawkish surprise with a 50 bp hike to 0.85% vs. 25 bp expected

Data last week confirmed our view that concerns about a U.S. recession are overdone; U.S. yields are moving higher as a result; the Fed is likely to remain on its aggressive tightening path; U.K. Prime Minister Johnson will face a no confidence vote tonight; reports suggest the ECB will firm up plans for a new bond-buying program this week; the BOJ shows no signs of pivoting from its current ultra-loose policies

Here's a look at the main drivers in Developed Markets this week.

Markets are marking time ahead of the U.S. jobs data; Fed Vice Chair Brainard remains hawkish; eurozone reported weak April retail sales; the ECB meets next week with an uncertain economic backdrop; Turkey reported May CPI and PPI data; Japan Prime Minister Kishida signaled steady policy ahead; incoming Australia Prime Minister Albanese is setting the table for higher wages; Korea reported May CPI

Data so far this week have helped dispel some of the U.S. recession fears; ADP private sector jobs data will be today’s data highlight; Bank of Canada hiked rates 50 bp to 1.50%, as expected; eurozone reported April PPI; the public ECB policy debate continues; Switzerland reported May CPI; Saudi Arabia is prepared to boost its oil output to make up for any sanctions-related loss from Russia

Following the May 2022 announcement on product eligibility details of ETF Connect scheme, issuers can now plan product and distribution strategies for the burgeoning Greater China ETF market.

Senior Wealth Planner Ali Hutchinson looks at spousal lifetime trusts – an estate planning strategy that may be the right fit for individuals who wish to transfer assets to others during life, but who also want to maintain access to the funds.

U.S. yields continue to recover; May ISM manufacturing PMI will be today’s data highlight; the Fed releases its Beige Book report for the June 14-15 FOMC meeting; BOC is expected to hike rates 50 bp to 1.50%; Banco de Mexico releases its quarterly inflation report; ECB tightening expectations are rising; Germany reported weak April retail sales data; BOJ remains ultra-dovish;

U.S. yields are recovering as inflation concerns rise; Fed officials remain hawkish; ahead of the jobs report, important survey data will be reported; eurozone May CPI data continue to worsen; the public ECB policy debate is likely to continue; Japan reported mixed data; China reported firm official May PMI readings; oil prices are rallying after the EU reached a compromise to ban most Russian crude

Portfolio Managers, Michael Keller and Nicholas Haffenreffer discuss how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

U.S. rates markets are pricing in increasing odds of a U.S. recession; April core PCE will be the U.S. data highlight; the U.S. housing sector is softening and that's what rate hikes are supposed to do; Banco de Mexico minutes were hawkish; Chancellor Sunak bowed to pressure and announced an aid package for U.K. households; Japan reported softer May Tokyo CPI data

Asset managers are facing increasingly rigorous regulatory scrutiny and fast paced technological change as they continue to grapple with market shifts. So when IMpower’s FundForum event called on senior industry leaders to share their collective experience and wisdom, they readily gathered to discuss the next phase of evolution. BBH's Janet Du Chenne reports on the main themes.

2022 marks our fifth annual survey of ETF investors in Greater China where we highlight emerging trends in usage, selection, and demand for ETFs in the region.

FOMC minutes will be released; flash May PMI and Richmond Fed readings were softer than expected; Brazil mid-May IPCA inflation came in higher than expected at 12.20% y/y; Deputy Governor Heath said Banxico may need to hike another 2-3 percentage points; the U.S. has likely to pushed Russia into default; the ECB sounded some warnings in its twice-yearly Financial Stability Review; more ECB officials are lining up behind President Lagarde

BBH Senior Wealth Planner Kerri Mast discusses how economic disruption can affect endowments and shares how to review spending policies to help mitigate negative impact.

U.S. yields have fallen sharply from the early May peaks; regional Fed manufacturing surveys will continue to roll out; Mexico reports mid-May CPI; Brazil reports mid-May IPCA inflation; reports suggest some ECB hawks were unhappy with President Lagarde’s forward guidance yesterday; Lagarde pushed back today; eurozone reported solid preliminary May PMI readings; U.K. reported weak preliminary May PMI readings; Russia eased key capital controls as the ruble continues to gain

Justin Capozzi and John Wert of our Corporate Advisory & Banking team discuss industrial revenue bonds, a creative tool in the marketplace available to U.S. manufacturing companies for domestic capital expenditures.

Partnerships between fund managers and third parties in the distribution ecosystem are on the rise. In this four-part audio series, Killian Lonergan shares his insights on the key trends and how to manage the complexities involved.

Short-term rates continue to move against the dollar; we continue to believe that U.S. recession fears are overblown; ECB President Lagarde is validating recent hawkish comments from her colleagues; Israel is expected to hike rates 25 bp to 0.60%; President Biden announced the creation of the Indo-Pacific Economic Framework; Biden also said he will review existing tariffs on Chinese imports;

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

We believe much of this week’s price action was driven by a short squeeze for the foreign currencies; we note more observers are getting concerned about U.S. recession risks; regional Fed manufacturing surveys for May have so far been weak; U.K. reported better than expected April retail sales; U.K. GfK consumer confidence came in weaker than expected; BOE Chief Economist Pill sounded hawkish

Fed officials remain hawkish; U.S. rates market is reflecting concerns about the economy; regional Fed manufacturing surveys for May will continue rolling out; ECB releases its account of the April meeting

Chair Powell said the Fed will continue hiking until inflation comes down; Fed tightening expectations picked up a bit; April retail sales data support our view that the U.S. economic outlook remains solid; U.S. yields are moving higher in response to the strong data and hawkish Powell comments; Canada highlight will be April CPI data; U.K. reported April CPI data

U.S. yields are edging higher as risk off sentiment ebbs; regional Fed manufacturing surveys for May will start rolling out; the EC cut its growth forecasts for the eurozone; BOE officials will take questions from the Treasury Select Committee; HKD continues to trade at the weak end of its trading band; China reported weak April IP and retail sales data; new BOK Governor Rhee said he cannot rule out a 50 bp rate move

Fed Chair Powell helped boost sentiment yesterday by downplaying risks of a 75 bp move; U.S. data calendar is light; the heavy slate of UST issuance ended on a strong note; Mexico hiked rates 50 bp to 7.0%, as expected, but hinted at larger moves ahead; reports suggest PM Minister Johnson has ordered his government to slash U.K. civil service jobs in order to offset possible tax cuts;

The Hong Kong dollar is trading at the weak end of its trading band, leading the HKMA to intervene today for the first time since early 2019. While we see no threat to the peg, ongoing weakness in the mainland China economy is likely to keep HKD weak for the foreseeable future. This in turn will put downward pressure on the Hong Kong economy.

U.S. yields are lower as risk off sentiment takes hold; April U.S. PPI data now takes center stage; Fed officials remain hawkish; the heavy slate of UST issuance concludes; both Mexico and Peru are expected to hike rates 50 bp; more ECB officials are on board with July liftoff; yet ECB tightening expectations remain subdued; U.K. monthly data dump was weaker than expected

Senior Wealth Planner Alison Hutchinson delves into the advantages of intra-family loans in this rising interest rate environment.

Market expectations for Fed tightening have cooled a bit; April U.S. CPI data takes center stage; the heavy slate of UST issuance continues; Brazil reports April IPCA inflation; ECB President Lagarde all but signed off on July liftoff; Brexit is back in the headlines; CZK is underperforming due to concerns about monetary policy; sentiment during the Asian session recovered as China’s virus numbers improved

Senior Wealth Planner Alison Hutchinson explores time-sensitive and beneficial wealth planning strategies to consider amid the current volatility.

Senior Wealth Planners Alison Hutchinson and Stacia Kroetz share why it may be beneficial to “freeze” a current GRAT in today’s market environment.

BBH Chief Investment Strategist Scott Clemons discusses recent market volatility and examines the driving forces behind the current environment. In such markets, he reminds us, patience and discipline are essential.

BBH Investment Management believes that engaging with companies and issuers to positively influence corporate behavior and reduce an investment’s risk profile is an important component of our bottom-up, research-driven investment process.

BBH Investment Management’s mission is to be the best at preserving and growing our clients’ capital over long periods of time. For over 80 years BBH Investment Management (IM) has performed its own investment research focusing on long-term capital preservation and the prudent management of risk relative to return.

At BBH we recognize that climate-related risks present significant challenges to society, the global economy, and financial markets.

The rise in U.S. yields has stalled out; with the FOMC meeting out of the way, Fed speakers will spread the word this week; there is a heavy slate of UST issuance due to the quarterly refunding; German ZEW survey for May was mixed; BOE’s Saunders continues to push for front-loading its tightening cycle; BOJ is showing no signs of abandoning YCC; the Fed highlighted crypto risks in its most recent financial stability report

U.S. yields continue to rise; with the FOMC meeting out of the way, Fed speakers will spread the word this week; Mexico reports April CPI; ECB officials continue to sound hawkish; ECB tightening expectations have picked up modestly; one unfortunate by-product of ECB hawkishness is rising peripheral spreads

In this issue of Women & Wealth Magazine, we speak with a nationally recognized healthcare and business leader, feature 22 women to watch in 2022 and look at trends in philanthropy, including shifts in how women give and international philanthropy.

In the feature article of this issue of Women & Wealth Magazine, we speak with PK Scheerle, R.N., former CEO of GIFTED Healthcare and CEO of NursesEverywhere, about the lessons learned on her path to entrepreneurship, her career-long advocacy of nurses and her latest venture focused on helping to educate the public about their rights to access nursing care.

We feature 22 women and share how 2022 is set to be a pivotal year in their professional journeys.

In this issue’s “By the Numbers,” we highlight the research of the Women’s Philanthropy Institute at the Indiana University Lilly School of Philanthropy and trends in women’s philanthropy, including women’s influence on household giving, the growing popularity of giving circles and the increase in giving to women and girls.

Senior Wealth Planner and Director of Philanthropic Advisory Kerri Mast explores options for philanthropists wishing to support charities around the world.

In “Five Questions,” we speak with Janine Zozaya of Amigos de Jesús (ADJ) about her work with the organization, current challenges and opportunities ADJ is facing and how philanthropists can think about making an impact.

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Markets continue to reprice the Fed; U.S. yields are rising again; April jobs data will be the highlight; Canada also reports April jobs data; Chile delivered a hawkish surprise yesterday; markets are still digesting the BOE’s disastrous decision; updated macro forecasts contained the worst of all worlds; ECB officials continue to tilt hawkish;

The Fed hiked rates 50 bp, as expected; more aggressive market pricing for rate hikes suggests the initial dovish take on Powell was wrong; U.S. yields are rising again; Chile is expected to hike rates 100 bp to 8.0%; BOE hiked rates 25 bp to 1.0%, as expected; eurozone data came in weak; Norges Bank kept rates steady at 0.75%, as expected; Czech Republic is expected to hike rates 50 bp to 5.5%; Poland is expected to hike rates 100 bp to 5.5%; Caixin reported weak April China services and composite PMI readings

U.S. yields are rising again; Fed tightening expectations remain elevated; April ISM manufacturing PMI will be the highlight; ECB tightening expectations remain subdued; eurozone reported mixed data; Japan reported some minor data overnight

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

U.S. yields are edging higher as risk-off impulses ease; higher U.S. rates and periodic bouts of risk-off impulses are only part of the strong dollar narrative; March core PCE reading will be important; we believe the Q1 GDP reading was a quirk that will not impact Fed policy; Fed tightening expectations remain relatively robust; Colombia is expected to hike rates 100 bp to 6.0%; eurozone inflation may be topping out

U.S. yields are edging higher as risk-off impulses ease; Fed tightening expectations remain robust; Germany said its companies will continue to pay for Russian gas in euros or dollars; Germany cut its 2022 growth forecast to 2.2% from 3.6% seen in January; eurozone April inflation readings have started to trickle out; ECB tightening expectations have fallen significantly; Riksbank delivered a surprise 25 bp rate hike; BOJ meeting ended with a dovish hold; updated macro forecasts suggest no tightening until FY25;

In the latest FX Quarterly, our strategists highlight the key factors driving global economies.

Regulatory reporting proposals could have significant consequences for private fund advisors, writes BBH’s Adrian Whelan.

U.S. yields are edging higher as risk-off impulses ease; DXY traded today at a new cycle high near 102.777; Fed tightening expectations remain robust; President Biden’s Fed nominations are falling into place; Brazil reports mid-April IPCA inflation; Russia announced it would halt natural gas flows to Poland and Bulgaria; eurozone consumer confidence measures continue to crumble

U.S. yields are edging lower as risk-off impulses linger; Fed tightening expectations remain relatively robust; Fed manufacturing surveys for April will continue to roll out; ECB hawks remain vocal

BBH Chief Investment Officer Suzanne Brenner and Deputy Chief Investment Officer Justin Reed review the markets and provide an update on our current portfolio positioning and priorities.

BBH’s Adrian Whelan looks at three significant points from the SEC’s recent proposals for new cybersecurity related rules.

Here's a look at the main drivers in Developed Markets this week.

U.S. yields are rising again; Fed Chair Powell added to the hawkish Fed chorus; Fed tightening expectations remain relatively robust; S&P Global (formerly Markit) preliminary April PMI readings will be the highlight; Canada highlight is February retail sales data; ECB President Lagarde offered a more nuanced view of the state of affairs than the hawks; U.K. reported weak March retail sales data

U.S. yields are starting to rise again; Fed Beige Book set the table for a 50 bp hike at the May 3-4 FOMC meeting; Fed tightening expectations remain relatively robust; regional Fed manufacturing surveys for April will continue to roll out; Canada March CPI data came in hot; more ECB officials are tilting hawkish

U.S. yields have reversed lower today in what seems like a corrective phase across the rates markets; the Fed releases its Beige Book report for the upcoming May 3-4 FOMC meeting; some Fed officials are sounding a bit more cautious; Canada highlight is March CPI data; ECB hawks continue to undermine Madame Lagarde’s message; BOJ reiterated its commitment to Yield Curve Control in response to rising yields

Inflation data and a hawkish Fed are keeping upward pressure on U.S. yields; Fed officials remain hawkish; Fed tightening expectations remain relatively robust; ECB tightening expectations continue to adjust after the meeting; recent verbal intervention has done nothing for the yen

Inflation data and a hawkish Fed are keeping upward pressure on U.S. yields; Fed tightening expectations remain relatively robust; markets are still digesting the dovish surprise from the ECB last week; ECB hawks continue to undermine Lagarde; official concern with the weak yen is intensifying

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

U.S. rates have resumed their move higher; Fed officials remain hawkish; the Fed’s pivot to limiting demand is noteworthy; retail sales data are worth discussing; despite the holiday, some U.S. data will be reported; ECB delivered a dovish surprise

March PPI data suggests price pressures are far from topping out; yet bonds continued to rally after the PPI data; Fed tightening expectations have fallen despite the inflation data; retail sales data will be important; BOC held a press conference and an FOMC meeting broke out; ECB is expected to keep policy steady but beware of a hawkish tilt

Fed officials remain hawkish; we think many are coming around to the notion that the Fed has to move into restrictive policy; March PPI will be reported; bonds rallied after the CPI data; bull steepening should continue near-term; Canada is expected to hike rates 50 bp to 1.0%; Chile central bank minutes will be released; U.K. March CPI data came in hot;

U.S. rates continue to move higher; Fed officials remain hawkish; Fed tightening expectations remain elevated; March CPI data will be reported; Brazil central bank President Roberto Campos Neto said he was surprised by recent inflation data; German April ZEW survey came in slightly better than expected

With new technologies accelerating financial services’ digital transformation, BBH’s Cameron Jack and Janet Du Chenne attended FinovateEurope and report on the fundamental changes since the pandemic and evaluate the roles of incumbents and fintechs in setting the future direction of travel.

U.S. rates continue to move higher; Fed officials are likely to remain hawkish; France held its presidential election Sunday; U.K. began its monthly data dump on a soft note

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Fed officials remain hawkish; U.S. yields continue moving in the dollar’s favor; Canada reports March jobs data; BOC tightening expectations are running hot; Chile reports March CPI; Brazil reports March IPCA inflation; account of the March ECB meeting tiled hawkish; ECB tightening expectations remain heightened; Russia delivered a surprise 300 bp rate cut to 17.0%.

FOMC minutes tilted hawkish, as expected; the 2- to 10-year curve is no longer inverted; Mexico reports March CPI; Peru is expected to hike rates 50 bp to 4.5%; ECB minutes will be a major highlight;

Hawkish Fed comments continue to roil the rates markets; Fed tightening expectations remain heightened; U.S. yields continue moving in the dollar’s favor; the 2- to 10-year curve is no longer inverted; FOMC minutes will be released; as we warned yesterday, default risk has risen for Russia

U.S. yields continue moving in the dollar’s favor; the U.S. 2- to 10-year curve remains inverted; March ISM services PMI is the main highlight; default risk has risen after the Treasury Department banned Russia from making any debt payments through U.S. banks

This is a very quiet week for the U.S. in terms of data; U.S. yields have resumed moving in the dollar’s favor; another portion of the U.S. yield curve has inverted; Colombia central bank minutes will be released; ECB tightening expectations remain heightened after last week’s CPI shocker

Here's a look at the main drivers in Emerging Markets this week.

U.S. rates are on the rise again; March jobs data will be the highlight; ISM manufacturing PMI will be reported after the jobs data; Gazprom has sent new payment order to its customers with new payment requirements; eurozone CPI came in much higher than expected;

Portfolio Managers, Neil Hohmann, Chris Ling and Andrew Hofer provide the most recent quarter-end results of the Structured Fixed Income strategy.

Portfolio Managers, Nicholas Haffenreffer & Michael Keller, discuss how the U.S. Large Cap Equity portfolio companies performed over the most recent quarter-end.

Co-Portfolio Manager, James Evans, CFA and Jorge Aseff, Ph D, provides the most recent quarter-end results of the Inflation-Indexed Fixed Income Strategy

Some risk-off sentiment is creeping back into the markets; February core PCE will be very important; March Chicago PMI will be closely watched; Canada January GDP will be reported; Colombia is expected to hike rates 150 bp to 5.5%; key eurozone CPI data continue to emerge; meanwhile, the real sector data remain weak

BBH’s Adrian Whelan looks at the primary proposals from one of the most significant U.S. climate related policy actions to date and the practical implications for asset managers.

Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide an analysis of the investment environment and most recent quarter-end results of the Taxable Fixed Income Strategy.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide the most recent quarter-end results of the Core Fixed Income Strategy.

Portfolio Managers, Nicholas Haffenreffer and Michael Keller, provide the most recent quarter-end results of the US Large Cap Equity Strategy.

Co-Portfolio Managers, Andrew Hofer and Neil Hohmann provide the most recent quarter-end results of the Limited Duration Fixed Income Strategy.

Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.

Portfolio Managers, Neil Hohmann, Andrew Hofer, and Chris Ling provide an analysis of the investment environment and most recent quarter-end results of the Structured Fixed Income strategy.

Co-Portfolio Managers, Andrew Hofer and Neil Hohmann, provide the most recent quarter-end results of the Intermediate Duration Fixed Income Strategy.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide the most recent quarter-end results of the Unconstrained Credit – Fixed Income Strategy.

The relentless rise in U.S. rates is taking a pause; another portion of the U.S. yield curve inverted briefly yesterday; ADP private sector jobs data will be the reported; Chile delivered a dovish surprise; some positive headlines regarding Ukraine have helped boost market sentiment; key eurozone CPI readings are starting to emerge; ECB tightening expectations have picked up further

In this issue of Owner to Owner, we examine succession planning from several angles. Our Center for Family Business looks at the requirements of the founder or CEO both during and after transition, next generation family members as well as boards of directors, and also explores options in a situation where traditional ownership succession may not be the best path forward.

A leader’s openness to exploring a future for themselves represents a crucial turning point in beginning the transition journey. We lay out several steps owners can take to begin on the path of a successful transition.

Engaging and preparing the next generation in the succession planning process can be daunting. We share several components that can help the process run smoothly.

Many family businesses rely on their boards of directors to help them during succession planning. Here, we share our top considerations as it relates to boards of directors and their involvement in the process.

The decision to pursue an outside exit strategy, as opposed to a traditional family ownership succession path, is a difficult one. We lay out several steps that owners who are grappling with this issue can take as they seek to determine the best strategy for themselves, the family and the business.