Russell Silberston

Investment Strategist

Russell Silberston is a senior research analyst covering major economy central bank monetary policy. He also covers additional analysis of both structural and cyclical fiscal policy dynamics and impact, macroprudential regulation and financial stability of the international monetary and financial system.

Monetary policy

This U.S. tightening cycle is different and market participants don’t get it

Why are markets so sanguine about the interest rate outlook? The answer lies in the Fed’s balance sheet, and in particular the level of excess reserves placed there by commercial banks.

By Russell Silberston

January 24

TRENDING

Secondary bond market

Munis a touch firmer; FOMC minutes show Fed not in rush to cut rates

"The forces of municipal fundamental and technical measures are setting up a reconciliation against higher UST yields," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

By Jessica Lerner

July 3
Infrastructure

High-speed rail from L.A. to Bay Area wins final environmental approval

The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.

By Caitlin Devitt

July 3
Primary bond market

Large redemptions bode well for muni market performance

July will see $35.2 billion of redemptions, down 13% month-over-month but still 35% higher than 2024's monthly average of $27 billion, said Pat Luby, head of municipal strategy at CreditSights.

By Jessica Lerner

July 3