The Eurozone must discuss changes to its fiscal policy rules – a task that could have market consequences. Bloomberg | Bloomberg | Getty Images The eurozone will soon unveil changes to its fiscal rules – a move that could have significant implications for sovereign borrowing costs and the region’s bond markets. The European Commission, the … Read more
From initial public offerings of electric vehicles to environmental, social and government funds, the possibilities in climate-related investments seem endless. Still, a troubling trend is emerging involving state and local governments’ blanket obligations and their legal climate activism. The same jurisdictions that are suing energy companies for alleged damages due to climate change also state … Read more
BlackRock’s Rick Rieder said bond yields have not yet peaked, and he continues to find the high yields available on short-term bonds and securitized assets very attractive. “We’re buying all these short-term, high-quality, investment-grade assets, and we just keep buying them,” said Rieder, chief investment officer for global fixed income. “We’re getting 6%, 6.5% and … Read more
US Department of the Treasury in Washington. Al Drago/Bloomberg via Getty Images In bonds broke daily, weekly and monthly sales records The Treasury Department sold $979 million of I bonds before the deadline on Friday — nearly as much in one day as in the three years from 2018 to 2020, when investors bought a … Read more
A historic rout in the bond market this year has resulted in the highest yields on municipal bonds in 15 years — and what looks like an excellent buying opportunity. Midweek, the muni market, as measured by the Bloomberg Municipal Bond Index, fell 13%, the worst in at least 40 years, as yields rose to … Read more
Britain’s new Prime Minister Rishi Sunak Photo: daniel leal/Agence France-Presse/Getty Images Rishi Sunak must not have heard the story of the curse of getting what you most want. On Monday, he became Britain’s prime minister by default, the third in two months when conservative lawmakers failed to nominate an alternative candidate. Now Mr. Sunak control … Read more
Signs that the Federal Reserve may soon slow the pace of its rate hikes helped calm government yields late last week, giving investors hope that a more stable bond market could ease pressure on stocks. U.S. Treasury yields, which move in the opposite direction of bond prices, fell broadly on Friday after The Wall Street … Read more
The yield on the 10-year Treasury note hit a new 14-year high on Friday, but bonds trimmed their losses after a report that some Federal Reserve officials are worried about tightening too much with rate hikes. That 10-year treasury The yield was last at 4.308%, after rising eight basis points. The benchmark note has traded … Read more
Investors are plowing record amounts of cash into risky funds, fueling investment bets during a market rout that is plunging stocks and bonds. Nearly $25 billion has flowed into leveraged and inverse exchange-traded funds this year, according to Morningstar Direct. This is already above 2008’s record amount of $17 billion. Inverse and leveraged ETFs are … Read more
Interest rates are rising again and the rate hikes look set to continue. Analysts say that means it’s a good time for investors to put their cash into bonds or Treasuries — especially those with the shortest duration. BlackRock said in a note on Tuesday that it believes the U.S. central bank will continue to … Read more