(Bloomberg) — A week that began brimming with economic optimism ended up caving in on stock bulls, who find themselves increasingly helpless in the face of determined Federal Reserve inflation fighters. It was a stretch that may be remembered as the time bond investors reestablished themselves as rulers of the asset-market roost. Surging yields, whipped […]
Read More(Bloomberg) — Long-maturity Treasuries are contending with their biggest drawdown on record, at least according to their most popular exchange-traded fund. BlackRock’s $19 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has fallen almost a third from an all-time high in August 2020. That’s more than the previous record drawdown seen between 2008 and […]
Read More(Bloomberg) — The U.S. bond market is hurtling toward the clearest sign yet that the Federal Reserve’s shift into a hawkish gear is making a difference — a real 10-year interest rate higher than 0%. While all Treasury yields have climbed this year as the Fed began what’s expected to be an aggressive series of […]
Read More(Bloomberg) — Investors should get out of bonds as rates rise and diversify their portfolios with exposure to commodities such as agricultural products, oil and metals facing supply disruptions due to the war in Ukraine, according to Rebecca Patterson, chief investment strategist for Bridgewater Associates. “You should absolutely have commodities in your portfolio,” Patterson said […]
Read More(Bloomberg) — Stock investors shouldn’t fret about U.S. treasury yield curves inverting just yet, JPMorgan Chase & Co. strategists said, as a global bond selloff gathered pace. “Recessions don’t typically start ahead of the curve inverting, and the lead-lag could be very substantial, as long as 2 years,” the strategists led by Mislav Matejka wrote […]
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