All Market Views by R.J. Gallo

Market Memo: With bias on rates up, duration shifted lower 
Mar. 6, 2018 :: R.J. Gallo
Federated updates its duration call in light of inflation, tax reform and the Fed.
In Short: We believe the bias on yields is still up 
Feb. 6, 2018 :: R.J. Gallo
Federated stays short on duration, with plenty to monitor in coming days.
Video: How tax reform may affect muni bonds 
Jan. 3, 2018 :: R.J. Gallo
How will tax reform affect muni bonds? Senior Portfolio Manager RJ Gallo provides his take on tax reform and key issues for muni bonds in 2018.
Video: How important will duration management be for bonds in 2018? 
Jan. 3, 2018 :: R.J. Gallo
Senior Portfolio Manager RJ Gallo discusses strategies for bond duration management in 2018.
Muni Update: One way or another, tax reform likely to have an impact 
Nov. 14, 2017 :: R.J. Gallo
Supply and demand almost certain to be affected, with the near-term neutral to slightly positive for investors if a final bill gets done.
In Short: Fundamentals favor shorter duration 
Nov. 2, 2017 :: R.J. Gallo
The bias on yields is likely to be up in coming months, with a dovish ECB and tax-reform sausage-making acting as constraints.
In Short: Run-up in yields prompts a smaller short on duration 
Sept. 29, 2017 :: R.J. Gallo
We see several reasons that could limit upward moves on long yields.
Fed Watch: A 'gradual and predictable' unwind begins 
Sept. 20, 2017 :: R.J. Gallo
The Fed announced it will start paring its balance sheet in October and kept a December hike on the table.
In Short: We still think the bias on Treasury yields is upward 
Aug. 31, 2017 :: R.J. Gallo
Macro fundamentals argue for higher yields, but D.C. drama and low global inflation should act as caps.
In Short: The bias on rates remains moderately upward 
Aug. 2, 2017 :: R.J. Gallo
Contradictory forces may constrain upward moves but there are more reasons to believe rates will rise than fall in the months ahead.
Fed Watch: A hike, but a focus on inflation 
Jun. 14, 2017 :: R.J. Gallo
The Fed and the markets are most concerned with still disappointing inflation levels.
Video: Will infrastructure spending affect municipal bonds? 
Feb. 23, 2017 :: R.J. Gallo
Portfolio manager R.J. Gallo discusses what an increased focus on infrastructure spending could mean for muni bonds.
Video: Expected tax reforms and muni bonds 
Feb. 23, 2017 :: R.J. Gallo
Portfolio manager R.J. Gallo separates speculation from reality when it comes to how tax reform may affect municipal bonds.
Video: Key issues for municipal bonds in 2017 
Feb. 22, 2017 :: R.J. Gallo
Senior Portfolio Manager R.J. Gallo discusses factors likely to affect municipal bond performance in 2017 and why sector allocation may be important.