You Cannot Depose a Model

Published on September 15, 2026

An agent is a witness who cannot be cross-examined. A person remembers whether they want to or not, which is why we have built an entire industry of substances and services to help us forget stuff.

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Finding Opportunity in Today’s Bond Market: The Advantage of a Flexible Core Strategy

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Attractive yields and resilient credit conditions are creating opportunities across fixed income, but uncertainty around inflation and interest rates makes flexibility, selectivity and disciplined risk management especially important.

Expectations for Monetary Policy as Treasury Yields Reach Multi-Year Highs

September 15, 2026
As policymakers adapt to new leadership, navigate a challenging geopolitical backdrop and contend with meaningful internal debate over the path of interest rates, the stakes remain high. Below, we discuss what to expect from next week’s Federal Reserve (Fed) meeting and provide perspective on the recent rise of Treasury yields to multi-year highs.