Bonds

Bonds
Government Bonds
Interest Rates
Mortgage Revenue Bonds
Rising Interest Rates

A Heroic End to Bonds’ Villainous Year Spurs Hope for Treasury Investors

(Bloomberg) — There are encouraging signs that next year will be a better one for bond investors following brutal losses in 2022. After being smashed for much of this year by runaway inflation and breakneck interest-rate hikes from the Federal Reserve, positive returns are making a comeback in Treasuries and the market is poised for […]

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Bonds
Inflation
Inflation Stocks
Interest Rates

Wrong-Way Bets on Inflation Exposed Ahead of Fed Rate Decision

(Bloomberg) — Professional speculators with billions in bearish trades on the line endured a rough ride after Tuesday’s report on US consumer prices brought the latest sign that the Federal Reserve is making progress in its battle against inflation. Hedge funds that had amassed the biggest short position against Treasuries since March 2020 were caught […]

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Bonds
Inflation

Inflation Was So Bad That It Even Crushed Inflation-Linked Bonds

(Bloomberg) — As the US economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge: Treasuries that provide extra compensation to keep up with rising consumer prices. Then the brutal reality of bond-market math shredded that sense of safety. The Federal […]

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Bond Market
Bond Traders
Bond Yields
Bonds

Next Week Set to Be Most Active Period for High-Grade Issuance in December

(Bloomberg) — Investment-grade borrowers are expected to bring lots of new offerings next week to complete deals ahead of an anticipated holiday season slowdown. Dealers are calling for $10 billion to $15 billion in new bond sales, as the first full week of December is expected to be the most active period in the month. […]

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Bonds
Interest Rates
Stock Market

Bonds Rallying Back From Brutal Year Show Power of Higher Rates

(Bloomberg) — Wall Street is finding a reason to keep plowing into the bond market, even with a Federal Reserve that’s still far from declaring victory in its war against inflation. The selloff that hit investors with record-setting losses during the first 10 months of the year also brought a stark end to an era […]

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Bond Crash
Bond Default
Bond Market
Bond Traders
Bonds
Government Bonds
Mortgage Revenue Bonds

Bond Market Heads Into Treacherous Waters as Activity Subsides

(Bloomberg) — As the bond market limps toward 2023, it faces the prospect of a final bout of chaos, exacerbated by dwindling trading volume typical during the last weeks of the year. The most punishing time period on record for investors in US government bonds has also been one of the most volatile, with frequent […]

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Bond Crash
Bond Market
Bond Yields
Bonds

Higher Rates Mean “Bonds Are Back,” JPMorgan’s Michele Says

(Bloomberg) — Investors are finding value in bonds for the first time in a decade as higher interest rates make fixed-income attractive, according to JPMorgan Chase & Co.’s Bob Michele. Yields on the benchmark Bloomberg bond aggregate index have soared to 4.7% from 1.75% at the end of 2021 as the Federal Reserve embarked on […]

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Bond Crash
Bond Market
Bond Traders
Bonds

Bond Traders Dismiss Stock-Market Rally as Misguided Euphoria

(Bloomberg) — For just a moment Wednesday, so brief that if you blinked you may have missed it, the US Treasury curve inverted to levels not seen since Paul Volcker waylaid the economy with his fight to break inflation in the early 1980s. While you should only read so much into such a fleeting move, […]

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Bonds
Economic Recession
Recession
U.S. Recession

JPMorgan’s Michele Says Bonds Have Recession Priced In

(Bloomberg) — Bob Michele, a bond market veteran for more than four decades, predicts a 75% chance of a US recession over the next 18 months, but thinks it’s priced in. “Clients are returning to the bond market, especially corporate bonds,” Michele, JPMorgan Asset Management’s chief investment officer, said on Bloomberg Television’s “Wall Street Week” […]

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Bonds

Wall Street Sounds Alarm on 20-Year Treasury Bond Dislocation

(Bloomberg) — Mark Cabana knows he sounds like a broken record by now. Yet the head of US interest-rates strategy at Bank of America Corp. makes no apologies for repeatedly calling on Janet Yellen’s Treasury Department this year to enact big reforms to the $23 trillion Treasury market as liquidity drops toward pandemic-era levels. Cabana’s […]

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Bonds
Recession
U.S. Recession

Bill Gross Favors T-Bills Over Stocks, Bonds as Recession Looms Large

(Bloomberg) — Bill Gross has one piece of advice for those looking to buy dips in bonds, stocks and commodities: just don’t. The former bond king said one-year Treasury bills are a better alternative to almost any other investments, as the Federal Reserve’s interest-rate hikes lead to a “strong” possibility of recession. Gross, co-founder of […]

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Bond Yields
Bonds

US Corporate Credit Spreads Hover Around `Danger Zone'

(Bloomberg) — Investors who are fretting that the Federal Reserve’s campaign to tame inflation is putting pressure on stocks might want to take a closer look at corporate bonds. Money managers will be watching risk premiums across US credit markets next week as levels inch closer to what strategists have pointed to as a warning […]

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Bond Market
Bond Yields
Bonds
Inflation

Bonds Are Suddenly Getting Love From Investors Hedging Recession

(Bloomberg) — Investors plagued by fear and shunning stocks are rediscovering a time-honored antidote: U.S. government bonds. That may seem surprising, given that the Treasury market has been battered by its worst losses on record this year. But with yields holding at the highest in years, the Federal Reserve on course to raise interest rates […]

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Bond Crash
Bond Market
Bonds

JPMorgan Strategists Say Stocks Can Defy Bond Selloff For Now

(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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Bonds
Fed Rate Hikes
Treasury
Treasury Yields
US Treasuries

This Is Now The Worst Drawdown on Record for Global Fixed Income

(Bloomberg) — Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to combat surging inflation. The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt total returns, has fallen 11% from a high in January 2021. That’s the biggest decline […]

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