Fixed Income Weekly. Aug, 29

Jackson Hole has come and gone, now we’re just one payrolls report away from a slide into the Labor Day weekend.

IN THIS ISSUE OF FIXED INCOME WEEKLY:
-The Fed’s Jackson Hole Symposium featured a far-reaching discussion of potential tools for stimulus in the next downturn, but no real consensus of which to use in which economies.
-In terms of interest rate impact, Friday’s Jackson Hole Yellen speech hinted at sooner rate hikes but possibly shallower trajectory for policy intermediate-term.
-Three big themes to look for in the remaining one-third of 2016 are the continued Fed policy discussion, M&A activity, and the federal election cycle.
-Pennsylvania Turnpike Commission has six classes of muni debt outstanding, and the issuer has been used to finance non-turnpike projects in recent years.