"Clearly jobs are being created at a very robust rate, and there's a rise in hourly pay. There is some sort of wind gathering there," said Wilmer Stith, a fixed income portfolio manager at Wilmington Trust in Baltimore.
Date: Jun 05, 2015
Source: Google
US Stocks Fall as Home Sales Drop Amid Overseas Crises
Home sales are a disappointment, said Wilmer Stith, a Baltimore-based money manager at Wilmington Trust Investment Managers, which oversees $14 billion. The one portion of the economy that isnt happening as expected is housing, as other sectors show signs of rebounding. Things are moving at a mo
Date: Jul 28, 2014
Category: Business
Source: Google
U.S. Treasurys Rally as Investors Reassess U.S. Growth
"The GDP report is a backward-looking indicator, but it's a big hole we have to overcome," said Wilmer Stith,portfolio manager of the Wilmington Broad Market Bond Fund. "That's making investors concerned about how much of thatwas because of weather and how much of it was something else."
Date: Jun 25, 2014
Category: Business
Source: Google
BOND REPORT: Treasurys Set For Third Weekly Loss After Fed
Treasury prices cut back losses Friday amid some early buying ahead of the end of the quarter, according Wilmer Stith,co-manager of the Wilmington Broad Market Bond Fund, who said it was otherwise a quiet trading day.
The selloff in the Treasury market was largely driven by investors who were flocking back into risky assets, said Wilmer Stith, co-manager of Wilmington Broad Market Bond Fund. "The sanctions are somewhat limited and tame, and we haven't seen any significant escalation since the referendum results,"
"The market is already skittish," said Wilmer Stith, portfolio manager at Wilmington Trust in Baltimore. "The fact that we got these weaker-than expected housing numbers just plays into that hand of more volatility."
"The longer we stay shut down, the closer that we get to hitting the debt ceiling, the greater flight-to-quality trade you'll see in the market. Yields should continue to drift slightly lower," said Wilmer Stith, co-manager of the Wilmington Broad Market Bond Fund.
"That puts the whole issue in more of a contained scenario as opposed to something that can escalate, go beyond and require greater commitment on the part of the U.S.," said Wilmer Stith, co-manager of the Wilmington Broad Market Bond Fund.