(Bloomberg) — US interest-rate strategists mostly expect that Treasuries will extend their recent rally, dragging yields lower and steepening the curve in the second half of 2023 so long as labor market conditions soften and inflation ebbs. The most bullish forecasts among those published by primary dealer firms — including predictions from Citigroup Inc., Deutsche […]
Read More(Bloomberg) — Credit markets are starting to buckle under pressure from soaring yields and fund outflows, leaving strategists fearing a rupture as the economy slows. Banks this week had to pull a $4 billion leveraged buyout financing, while investors pushed back on a risky bankruptcy exit deal and buyers of repacked loans went on strike. […]
Read More(Bloomberg) — One of the US bond market’s most widely watched indicators of potential recession risk has reached levels last seen in 2007. The yield on the benchmark 10-year Treasury note dropped as much as 12 basis points below the 2-year rate, eclipsing the 9.5-basis-point gap reached in early April. The gap was pared to […]
Read More(Bloomberg) — After another wild week in global money markets, traders are betting big on the biggest regime shift in Europe in years: the end of the negative interest-rate era before 2022 is over. Fueled by a flurry of hawkish monetary signals over the past week, the interest-rate swaps market now projects the European Central […]
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) — Any hope that the Treasury market’s biggest quarterly loss had priced in a worst-case scenario for inflation and Federal Reserve rate hikes is looking increasingly illusory. No sooner had the first quarter ended with a 5.6% loss for U.S. government bonds, the March employment data included a bigger-than-expected drop in the unemployment rate […]
Read More(Bloomberg) — Treasuries slumped anew to send a widely-watched part of the U.S. yield curve to its first inversion in 16 years. The curve is flattening as investors bet the Federal Reserve will tighten policy rapidly enough to risk a sustained slowdown in growth. U.S. five-year yields climbed nine basis points to 2.63%, rising above […]
Read More(Bloomberg) — Six weeks into 2022 and it’s shaping up to be a grim year for fixed-income investors facing rising interest rates around the world. With the Federal Reserve preparing to hike rates next month after a bigger-than-expected jump in U.S. consumer prices, Treasuries have endured their worst start to a year in more than […]
Read More(Bloomberg) — The Treasury yield curve flattened to the lowest level in over a year on Monday as the prospect of a super-sized Federal Reserve rate increase in March gained traction, weighing disproportionately on shorter-dated tenors. Two-year U.S. yields climbed 3 basis points to about 1.2% after Raphael Bostic, the president of the Fed’s Atlanta […]
Read MoreFederal Reserve Board Chairman Jerome Powell. Brendan Smialowski / AFP via Getty Images The bond market is signaling that the Federal Reserve will soon have to abruptly lift interest rates, and that such a move could damage economic demand. Changes in bond yields suggest that this year’s surge in inflation has stuck around long enough […]
Read MoreU.S. stock benchmarks rose to record highs Thursday as investors appeared to shrug off concerns over growth and inflation as the economy recovers from the pandemic. Although rates are moving up and inflation is higher, that really isn’t being reflected in longer-term Treasury yields, Ralph Bassett, head of North American equities at abrdn told MarketWatch […]
Read MoreMarkets are worried about inflation, but this portfolio manager says that concern is misplaced and it has created an environment that makes this asset particularly attractive now.
Read MoreBond yields are moving higher and one trader says these 2 stocks are poised to outperform in such an environment.
Read MoreInvestors are ditching momentum stocks for a few names that might surprise you.
Read MoreMorgan Stanley says these 4 defensive names are buys right now.
Read More