Payden & Rygel

Thirty-year U.S. Treasury yields rode a rollercoaster this week. The news blamed China for the volatility, a bad take. Instead, hedge funds unwound a bet by selling 30-year Treasuries, with leverage amplifying the move. Don't believe all stories to explain market moves. #COTW #PaydenEconomics

On April 2nd, the U.S. announced that the effective tariff rate could potentially increase ten-fold from ~2% to ~22%. Stocks tumbled, and yields plunged. But what's the good news? As of March, the U.S. economy and consumers were on solid footing. #COTW #PaydenEconomics

This week, the Conference Board’s March consumer confidence reading fell, but real consumer spending continues to increase at a healthy pace. Actions speak louder than words, so watch what consumers do—rather than what they say—when assessing recession risk. #COTW #PaydenEconomics

Looking forward to this exclusive breakfast event tailored for CIOs, institutional investors, and consultants. Jordan Lopez, CFA and Eric Souders, CFA will offer sharp insights on high yield opportunities in today’s macro environment — a must-attend if you’re navigating complex fixed income markets. If you’re an investment decision-maker or advisor in the institutional space, don’t miss it. #InstitutionalInvesting #FixedIncome #HighYield #MacroOutlook #PaydenAndRygel

🎉 Exciting News! 🎉   We’re proud to share that the Payden California Municipal Social Impact Fund (PYCRX) has been named a LSEG Lipper Fund Award United States Winner 2025 for Best Fund over 10 Years in the California Intermediate Municipal Debt Funds category.   With a focus on providing attractive, tax-exempt income for California residents while preserving capital, PYCRX reflects the power of disciplined, active management and our mission to create impact through smart municipal investing.   A special thank you to our dedicated team and to our clients who trust us as stewards of their investments. Adam Congdon, CFA David G. Travis McGahey Paul Hwang, CFA   🔗 Learn more about the California Municipal Social Impact Fund: https://lnkd.in/eVqf3RqE   LSEG Lipper Fund Awards, ©2025 LSEG. All rights reserved. Used under license.   #LipperAwards #FixedIncome #MunicipalBonds #SocialImpact #PaydenRygel #Investing #Leadership

This week, the Federal Reserve held the fed funds rate steady at 4.33% again at the March FOMC meeting as policymakers wait for more clarity. Our key takeaway is that the Fed could cut more than expected in 2025. #COTW #PaydenEconomics

Payden & Rygel was honored to participate in the 19th Annual Institutional Investor Conference in Amsterdam, where industry leaders tackled the evolving regulatory and political landscape shaping global markets. Laura Lake, CFA, CAIA, Head of ESG at Payden & Rygel, joined a distinguished panel to discuss how investors can balance shifting demands while staying focused on long-term goals. From regulatory divergence to sustainable investment strategies, the conversation underscored the need for pragmatic, forward-thinking solutions in today’s dynamic environment. A big thank you to Institutional Investor for hosting such a timely and insightful event! #InstitutionalInvesting #ESG #LongTermThinking #PaydenandRygel

Policy uncertainty and growth fears drove a sell-off this week, ending the best streak of U.S. equity gains since the 1990s. When betting against the U.S., be careful to monitor the macro fundamentals, not just the headlines out of Washington. #COTW #PaydenEconomics

We’re honored to be named Insurance Asset Manager of the Year at InsuranceERM’s Annual Awards 2025 – UK & Europe! This recognition is a testament to our commitment to delivering customized and innovative solutions for our re/insurance clients. External validation like this reinforces the impact of our approach, and we’re grateful for the acknowledgment. Thank you to InsuranceERM and congratulations to all the winners! #InsuranceERM #Awards #InsuranceAssetManagement https://lnkd.in/g-MVNGDd  

We’re honored to be named Insurance Asset Manager of the Year at InsuranceERM’s Annual Awards 2025 – UK & Europe! This recognition is a testament to our commitment to delivering customized and innovative solutions for our re/insurance clients. External validation like this reinforces the impact of our approach, and we’re grateful for the acknowledgment. Thank you to InsuranceERM and congratulations to all the winners! #InsuranceERM #Awards #InsuranceAssetManagement https://lnkd.in/g-MVNGDd