By: Russ Kamp, Managing Director, Ryan ALM, Inc. Welcome to another weekly update regarding the ARPA pension legislation. The PBGC has not updated its spreadsheet since August 12th, although it appears that two additional plans have filed a supplemental application...

By: Ron Ryan, CEO, Ryan ALM, Inc. and Russ Kamp, Managing Director, Ryan ALM, Inc. America’s investment community has enjoyed a history of real interest rates or an inflation premium on the 10-year Treasury nominal rates. As the chart below...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Given our current economic environment, are investors acting prematurely that the US Federal Reserve has actually accomplished its objective of thwarting inflation? We believe so. As the graph below depicts, market participants...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. There seems to be major confusion with regard to the investment of the APRA legislation's Special Financial Assistance (SFA). When the PBGC released the Interim Final Rules in July 2021, potential investments...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Ryan ALM's Head Trader, Steve Devito, shared some extraordinary figures with the team last week. Thanks, Steve! We've been saying all along that the US Federal Reserve needs to tighten interest rates...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The flood gates have been opened! From May 3rd to August 5th there had been 10 applications filed for Special Financial Assistance (SFA). During the week ending 8/12, 12 applications were submitted....

By: Russ Kamp, Managing Director, Ryan ALM, Inc. As a child playing football, I was told to look at my opponent's belt buckle when going to make a tackle, so as to avoid head fakes. Well, market participants cheering yesterday's...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I look forward to these Monday updates but would prefer a bit more activity to get everyone excited by the progress being realized in the quest to secure the pension promises that...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Yesterday, I produced the chart below with the intent to write a piece regarding premature recessionary fears. My premise was based on the fact that since 1970, recessions only occurred as unemployment...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. It was announced earlier today that the Bank of England (BofE) has raised its key rate by 50 bps representing the largest increase since 1995. This marks the sixth consecutive meeting in...