By: Russ Kamp, Managing Director, Ryan ALM, Inc. Another day of jobs data and another sell-off in the market by participants hoping for some sign that the US Federal Reserve will be forced to pivot away from its crusade to...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Despite the recent equity and bond market rally, we believe that the Fed still has its work cut out for them. We published a post last week titled, The Fed's Headwind? in...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I published a post on August 31, 2022, titled, " Let's Get Realistic ". I provided a bit of a rant regarding the reporting for DC plan participants looking at an account...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The US equity and bond markets rallied significantly yesterday. Why? What changed from last Friday, last week, last month, last quarter, or year-to-date? The US continues to live with excessive inflation and...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Members of the PBGC have their work cut out for them, as last week was particularly robust in terms of new applications for Special Financial Assistance (SFA) under ARPA. There were nine...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The Bank of England certainly got a bunch of investors excited yesterday. They announced their intent of significant buying of long-dated Gilts which had nothing to do with a change in monetary...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Forecasting future market returns is fraught with peril! To Horizon Actuarial's credit, they understand how challenging it is to forecast tomorrow's market activity let alone 10-year, 20-year, and 30-year returns, risks, and...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The US 10-year Treasury Note yield is fast approaching 4% (3.9% at 2.39 pm). The last time the yield was at this level was in August 2008. It seems almost certain that...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to provide this most recent update on the PBGC's execution of the ARPA legislation. Two plans, Pension Plan of the Printers League - Graphic Communications International Union Local 119B...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The US Federal Reserve is raising the Fed Funds rate in an attempt to drive down demand for goods and services, as they battle our current inflationary environment. However, given the exceptionally...