Market Updates

Review the discussion (~45 min) between David Eichhorn and Stephen Douglass as they delve into recent political volatility and discuss growth, employment and the Fed outlook.

The Pension Surplus Risk Index (PSRX®) increased to 5.8% in June as volatility picked up in both return-seeking and interest rate markets.

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.

Large cap equities powered ahead and Treasuries rallied as inflation data improved for the second consecutive month and the Fed indicated fewer cuts in 2024. Credit spreads widened on the back of a busy month in the primary market.