Bonds mixed as rate hikes loom; futures fluctuate: markets wrap
Contracts on U.S. benchmarks were little changed and European shares struggled to hold onto earlier gains as investors shifted their attention to the monetary policy outlook.
Bonds
Fed seeking to find where ‘phantom menace’ neutral rate sits
Policy makers differ on what the neutral rate — the rate that neither restricts nor spurs economic growth — is and couch it in terms that don’t take account of the current high inflation environment.
Bond yields surge as jobs bolster rate-hike bets: markets wrap
The U.S. yield curve extended its recent flattening as investors evaluated the economic outlook amid tightening monetary policy and Russia’s war in Ukraine.
How bond market volatility is hitting mortgage lenders
Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.
U.S. futures waver as Treasuries extend declines: markets wrap
The Fed is the drawcard among eight Group-of-20 members whose monetary officials are due this week to assess economic prospects.
Bonds gain as safety trumps inflation fears amid Russia fallout
The gains come even as the crisis spurred by Russia’s invasion of Ukraine threatens disrupt the supply of oil, natural gas and other key commodities, further fanning record high inflation expectations.
BlackRock is among Russia bond holders tangled in $15 billion rout
BlackRock Inc., Capital Group Companies and Legal & General Group Plc are the top holders of Russia’s dollar bonds, which lost almost half their value this week.
Investors rush to protect from surging costs, stagflation threat
“This puts the performance of inflation solidly back into the limelight” with the “risk that higher prices with the backdrop of heightened geopolitical uncertainty will ultimately be stagflationary.”
Debt investors need to worry about human rights, study shows
The best-performing countries on human and labor rights have significantly lower bond market spreads compared to the worst, even when taking into account factors such as level of income.
Fed fallout triggers global yield spike as tighter policy looms
Bonds tumbled across the world on Thursday after Federal Reserve Chairman Jerome Powell’s latest hawkish pivot, with yields from Wellington to London breaching multi-year highs.
Ukraine risk roils Treasuries to commodities as tensions rise
Russia’s troop buildup on the Ukraine border is now being cited by strategists as one of the main threats to global markets.
Global bond drop reverses amid tech selloff, Russia tensions
Global bonds rallied Friday, with investors seeking havens from a technology stock sell-off and concern over increased U.S.-Russia tension.
Goldman Sachs joins bank bond binge with six-part offering
Financial companies are leading a rush to lock in still-attractive borrowing costs before the Federal Reserve hikes interest rates, potentially adding to volatility and market uncertainty.
Treasury selloff lifts long-dated yields for second straight day
Treasury yields rose a second day amid increasing conviction that the Federal Reserve will raise rates at least three times beginning in May.
Wall Street doubles down on the great inflation trade
Money managers are hiking bets on the great inflation trade of 2021, as the biggest risk to price stability in more than a decade rocks corporate boardrooms and Wall Street trading floors.
Bond investors face year of peril with few places to hide
Government and corporate bonds globally have already lost 4.4% this year, the biggest decline for any similar period since 2005, according to a Bloomberg index.
BofA sells $3.25 billion of bonds after strong earnings report
Blowout results from the big U.S. banks may spur even more bond issuance from the financial sector, with borrowing costs still attractive even as some market rates rise. The bond deal comes as risk premiums in corporate debt remain low.
Bonds ignore weak payrolls as tight labor keeps Fed taper alive
Offsetting the weak job-creation number were an upward revision to August payrolls, a bigger-than-expected drop in unemployment and a faster pace of wage growth.
JPMorgan sees rising risk of bonds, stocks falling in tandem
While a host of factors are at play behind the bond-stock relationship, one thing that links them together is the perception of growth.
El-Erian sees Fed risking disorderly taper without quick action
The bond-market influencer has for months urged the Fed to reduce its asset purchases before inflation runs rampant and batters financial markets.
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