Bond Market Observations: Pilgrims' Progress?
Authors and Contributors
Active Fixed Income-Investment Committee
A seasonal mystery unfolds once again. Here in Boston, it is cold, wet, and mostly dark. Winter is coming. What made the Pilgrims stop here in 1620, rather than settle, say, Tucson or Palm Springs? Why do 670,000 of us still live here when Fort Lauderdale or New Orleans provides viable alternatives? One suspicion is that a human defense mechanism pushes inconvenient and irreversible facts to the back of our collective minds. With the disadvantages shrouded by this unconscious protective device, we see opportunities, such as the North End, Parker House rolls, and our sports franchises, and remain hunkered down in anticipation of snow.
On January 31, 2018, The Boston Company and Standish merged into Mellon Capital to form a combined entity, BNY Mellon Asset Management North America Corporation. Effective January 2, 2019, this entity was renamed Mellon Investments Corporation.