bonds
[Yahoo/Bloomberg] Bonds Slide; Asia Stocks Rally on Reflation Buzz: Markets Wrap [Reuters] Asian shares jump after Powell nixes rate hike fears [Reuters] Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates [AP] GOP rallies solidly against Democrats’ virus relief package [Reuters] Biden to press for $37
[Yahoo/Bloomberg] Stocks Climb as Powell Talks Up Economic Support: Markets Wrap [Yahoo/Bloomberg] Oil Taps One-Year High With Market Eyeing Tight Global Supplies [Yahoo/Bloomberg] Powell Pushes Back on Concerns of Prices Rising, Overheating [Reuters] Data-focused Powell says may take more than three years to hit Fed inflation goal [Reuters] Biden rushes
Democrats in the U.S. Senate have chosen to move forward with the next pandemic relief package using reconciliation – the arcane process that allows certain bills to circumvent the filibuster rules and pass with only 50 votes, not the typical 60. In light of this,
[Yahoo/Bloomberg] U.S. Futures Rise With Treasury Yields; Oil Gains: Markets Wrap [Reuters] Oil edges higher as surprise U.S. stock build weighs [Reuters] China’s yuan firms on dollar weakness after Powell testimony [Yahoo/Bloomberg] Powell Goes Easy on Surging Yields While Central Bank Peers Fret [Yahoo/Bloomberg] Quants Deepen Treasury Selloff That Shows
[Yahoo/Bloomberg] U.S. Stocks Up on Powell; Asia Set for Mixed Start: Markets Wrap [Reuters] S&P 500, Dow close higher in late session turnaround [Reuters] Treasuries – Benchmark yield dips after Fed’s Powell says economy still needs support [Reuters] U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate
Quandary No. 1: The prospect of a robust economic recovery in the second half, with or without a government stimulus, is leading to a selloff in U.S. Treasuries and other government bonds. As a result, yields are rising across the board (yields move inversely to
It’s tempting these days for some investors to question the role of fixed income in portfolios. After all, real yields have plunged, potentially leading to less income today and smaller capital gains tomorrow. But yields are far from the full story. Despite low yields, bonds
The sentiment remains mostly rosy thanks to earnings that continue to impress, plummeting virus numbers worldwide, indicators that the economic recovery is gaining steam, and imminent stimulus. But we’re not out of the woods yet, and I still worry about complacency and valuations. But now,
Last year’s widespread bull market in all corners of fixed income has given way to a bifurcated trend profile. Treasuries and investment-grade corporates are posting losses year to date through yesterday’s close (Feb. 16), based on a set of exchange traded funds. By contrast, a
Group CIO Dan Ivascyn discusses the factors that will likely keep inflation in check over the longer term. For an extended discussion of our outlook for growth and inflation in 2021, as well as the opportunities we see in markets as the global economy recovers,