Portfolio Management articles

Jim Reber: Hiding in plain sight

Jim Reber: Hiding in plain sight

Here’s what you may have missed in recent yield curve shifts. By Jim Reber, ICBA Securities Tell me if you’ve heard this before: the yield curve was inverted for much of 2019. This is kind of like stating that Harry Truman defeated Thomas Dewey for president in 1948. You’d be correct, but just barely, which […]

Jim Reber: Echoes of holidays past

Year-end is a good time to reflect on past investment performance. By Jim Reber, ICBA Securities The investment portfolio, as a component of a community bank’s overall franchise, is in some respects like your cousin’s husband—Mike, in my case. You know he’ll always be around for important events, doesn’t make much of a fuss and, […]

Jim Reber: Marked improvement

Falling rates mean higher bond prices. Be careful with that. By Jim Reber, ICBA Securities As this year has progressed and the mindset of fixed-income buyers nationally and globally has changed direction and picked up momentum, the reckoning in some cases seems flatly erroneous. Here are a few tidbits: Austria’s 100-year bond, issued in 2017 […]