Independent Investment Research

Building on over 33 years of industry-leading research, Capital Advisors Group provides comprehensive, independent investment research and credit analysis which we believe is relevant to the unique risks and challenges faced by finance professionals. Our research staff is committed to improving the safety and liquidity of cash portfolios in all market conditions.

Economy & Rates

10/16/2025

October 2025 Mid-Month Market Update

Eric Souza

A Spooky Beginning to October The U.S. government shutdown has now entered its third week, and on Tuesday, Speaker Johnson cautioned that it could become the longest shutdown in history.

Interest, Interest Rates, Tariffs

Flagship Research

Venture Debt

Most Read Articles

Investment Management

Privatizing America’s Housing Giants: How Fannie Mae and Freddie Mac Could Reshape Bond Markets for Investors
15 min readIntroduction: Why GSE Privatization Matters to Investors Given their oversized role in home mortgages, any discussion of Fannie Mae and Freddie Mac’s potential privatization…
Fannie Mae, Freddie Mac, GSE Privatization, Investors, US Housing Finance
Tips for Cash Investors in Times of Market Volatility
3 min readIntroduction Market volatility has been elevated following the White House’s tariff announcement on April 2nd. While the source of this heightened volatility is unique…
Geopolitics, Interest Rates, Liquidity, Portfolio Management
Rates, Liquidity, and Tariffs: Three Questions to Answer in 2025
19 min readIntroduction By Lance Pan, CFA 2024 was a remarkable year for financial markets in many respects. The estimated 2.7% growth in real gross domestic…
Geopolitics, Interest Rates, Liquidity, Portfolio Management, Year Ahead
The Future of Cash May Be a Token
9 min readCash may be King, but it is also going virtual before our eyes. Digital cash used to be the domain of tech innovators and…
Interest Rates, Liquidity, Portfolio Management, Risk Management, Separately Managed Accounts
Taking Stock of Japanese Megabanks’ Credit Profiles in Volatile Markets
4 min readRecent market turmoil, triggered by the Bank of Japan’s interest rate hike and disappointing US jobs data, has resulted in a sell-off in Japanese…
Registered Investment Advisors vs. Broker-Dealers: Who Should You Work With?
7 min readRegistered Investment Advisors (RIAs) vs. Broker-Dealers (B-Ds): An Overview The services of a registered investment advisor or a broker-dealer should be considered if you…

Credit & Risk

Government Shutdown: Continuing to be a Resolute Headache
10 min readCo-authored: Pate Campbell, Keren Luo The U.S. government has officially entered a shutdown. The federal budget process typically begins with the President’s detailed budget…
Credit Markets, Economy, Government Shutdown, U.S. Government, update
Worried About Declining Yields?
9 min readLaddered SMA Portfolios vs. MMFs and Deposits in a Rate-Cutting Environment The Federal Reserve recently cut overnight interest rates at its September meeting –…
Cash Investor, Federal Reserve, Rate-Cutting Environment, Separately Managed Account
Spooked by “Rigged” Jobs Data? Why Benchmark Revisions Matter More Than Hot Takes – and How to Fix Them.
8 min readKey Takeaways: The Revision That Sparked a Crisis of Confidence in U.S. Economic Data The Bureau of Labor Statistics (BLS) revised payrolls down by…
BLS Jobs Data, Economic data, Labor market, Politics
Stablecoins: The Next Wave in Corporate Cash – Hype, Help, or Hold Off?
9 min readKey Takeaways: Introduction to Stablecoins: A Guide for Corporate Treasurers and Cash Managers As a cash investment strategist for institutional liquidity accounts, I would…
Federal Reserve, Genius Act, Liquidity, Portfolio Management, Risk Management, Stablecoins
Trade Wars Reloaded: How Tariffs Impact Inflation and the Fed’s Balancing Act
7 min readKey Takeaways: Tariffs Fade, But Risks Remain With trade war tensions easing, tariff uncertainty is beginning to fade. The U.S. economy has so far…
Consumer Pricing, Federal Reserve, Inflation, Tariffs
Strategic Divestitures: How Consumer Brands Are Shrinking to Grow
5 min readKey Takeaways: Over the past year, several major consumer goods companies have announced plans to divest underperforming business segments and refocus on streamlined portfolios…
business divestitures, consumer goods companies, Consumer Spending

Economics & Rates

October 2025 Mid-Month Market Update
3 min readA Spooky Beginning to October The U.S. government shutdown has now entered its third week, and on Tuesday, Speaker Johnson cautioned that it could…
Interest, Interest Rates, Tariffs, update
September 2025 Month-End Market Update
3 min readGovernment Shutdown: Economic & Market Implications A stalemate over health care subsidies has triggered the first government shutdown in nearly seven years, affecting an…
Interest, Interest Rates, Tariffs, update
September FOMC Update
2 min readFOMC Reduces Fed Funds Target Range by 25 bps As expected, the Federal Reserve cut the fed funds target range by 25 bps on…
Interest, Interest Rates, Tariffs, update
September 2025 Mid-Month Market Update
3 min readAnother Disappointing Employment Report The August jobs report was broadly disappointing, marking the second consecutive month of weaker-than-expected results: The BLS preliminary benchmark revisions…
Interest, Interest Rates, Tariffs, update
August 2025 Month-End Market Update
3 min readPowell Cracks the Door Open to a September Cut At the Jackson Hole Symposium on August 22nd, Fed Chair Jerome Powell signaled that the…
Interest, Interest Rates, Tariffs, update
August 2025 Mid-Month Market Update
4 min readFed Déjà Vu This August is starting to feel like déjà vu. In July 2024, a weak employment report was followed just weeks later…
Interest, Interest Rates, Tariffs, update

Independent Investment Research

Flagship Research

Venture Debt

Most Read Articles

Investment Management

Privatizing America’s Housing Giants: How Fannie Mae and Freddie Mac Could Reshape Bond Markets for Investors

Tips for Cash Investors in Times of Market Volatility

Rates, Liquidity, and Tariffs: Three Questions to Answer in 2025

The Future of Cash May Be a Token

Taking Stock of Japanese Megabanks’ Credit Profiles in Volatile Markets

Registered Investment Advisors vs. Broker-Dealers: Who Should You Work With?

Credit & Risk

Government Shutdown: Continuing to be a Resolute Headache

Worried About Declining Yields?

Spooked by “Rigged” Jobs Data? Why Benchmark Revisions Matter More Than Hot Takes – and How to Fix Them.

Stablecoins: The Next Wave in Corporate Cash – Hype, Help, or Hold Off?

Trade Wars Reloaded: How Tariffs Impact Inflation and the Fed’s Balancing Act

Strategic Divestitures: How Consumer Brands Are Shrinking to Grow

Economics & Rates

October 2025 Mid-Month Market Update

September 2025 Month-End Market Update

September FOMC Update

September 2025 Mid-Month Market Update

August 2025 Month-End Market Update

August 2025 Mid-Month Market Update

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