Market Updates

The Pension Surplus Risk Index (PSRX®) was unchanged at 5.5% over the month.

NISA’s Pension Risk Transfer (PRT) Credit Risk Monitor is a market-based measure of the relative credit risk of common PRT annuity providers (“insurers”) designed to assist fiduciaries in identifying a “safest annuity available” PRT provider as required by the Department of Labor’s Interpretive Bulletin 95-1.

Review the discussion (~45 mins) between David Eichhorn and Stephen Douglass as they consider the implications of the Fed’s recent rate cut for the labor market and broader economy.

The stock market took a breather while Treasury yields jumped in a month that included a hawkish FOMC announcement and a narrowly averted government shutdown.