Malden news briefs
Mayor Gary Christenson announced a series of outdoor Summer Festivals in Malden Center this summer.
Beginning June 12 and occurring every other Saturday through the end of August, the city will sponsor live music, cultural performances, artisan and craft displays, a car show, Cosplay contests, and many other surprises throughout the summer. A main stage will be erected in the Pleasant Street Parking Lot, while other events will occur at City Hall Plaza and other areas along Pleasant and Exchange Streets.
“To help our businesses rebound after a horrible year, we want to bring a series of open-air events that will give our residents an opportunity to come out and re-explore Malden,” Christenson said. “We have a bunch of surprises, but we also hope to add to the full slate of events as the summer goes on and bring something for everyone to enjoy.”
By Ryan O’Malley, Fixed Income Portfolio Strategist
Despite the Federal Reserve’s promise to keep the federal funds rate low and support the bond market via quantitative easing, interest rates have seen an acute increase since August 2020. The yield on the 10-year Treasury was 0.52% on August 4 and stood at 1.74% on March 31. Additionally, the U.S. Treasury yield curve has steepened dramatically since August, reflecting rising inflation or growth expectations. The “2s/10s” curve has steepened from around 0.50% to nearly 1.10% over the past year.
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The move higher in rates and steepening of the yield curve has resulted in negative total returns for bond investors. The Bloomberg Barclays U.S. Aggregate Bond Index returned -3.37% for the first quarter of 2021 and -3.56% from July 31, 2020 to March 31, 2021. These negative fixed income returns, along with concerns about runaway inflation, have led some to speculate that the long bull market
Councillor Ryan O’Malley seeks reelection to the Malden City Council
Wicked Local
Ryan O’Malley is seeking re-election to the City Council representing Ward Four.
First elected in 2015, O’Malley has worked with the community to usher in a new era of transparency, accountability and respect in Malden. As the youngest and the first openly gay member of the City Council, O’Malley has also helped trailblaze the way for greater involvement of marginalized communities in Malden. Over the last five years, we have accomplished a lot together as a community, but we still have so much more work to do, O Malley said. Malden, Massachusetts, is a beautiful and vibrant community. It is crucial that we band together to protect our shared community assets.
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