Bond traders scrap bets on July rate cut after strong jobs data
Treasuries tumbled after a stronger-than-expected jobs report for June prompted traders to exit bets on an interest-rate cut by the Federal Reserve this month.
Bonds
Bond traders look to Fed officials for clues on rate cut timing
Bond investors are on alert for hints on when the Federal Reserve will deliver the two 2025 interest-rate cuts officials projected at their latest policy meeting.
Saudi SNB taps debt market as lenders binge on bonds
The dollar bond would be the largest ever issued by SNB, Saudi Arabia's second-biggest bank by market capitalization.
Buyers’ strike rocks U.S. long bond as DoubleLine, Pimco stay away
Wary of America's swelling federal budget gap and debt burden, the money manager is part of a wave of investment firms steering away from the longest-dated U.S. government bonds.
Groundfloor closes second deferred-pay RTL, raising $82 million
The deal priced at 335 over, beating expectations for the transaction to price at 350 over, due to bond market volatility.
Octus: Omni-blockers may soon multiply
Tariff uncertainty could boost lender leverage to incorporate protection against LME proliferation
By
John Hintze
U.S. long-term borrowing costs surge over deficit concerns
The US 10-year term premium — or the extra return investors demand to own longer-term debt instead of a series of shorter ones — has climbed to near 1%, a level last seen in 2014.
KKR says bonds’ role as portfolio ‘shock absorbers’ is eroding
The alternative-asset manager also sees the risk of a "structurally" weaker dollar as President Donald Trump seeks to reshape global trade. The dollar is about 15% overvalued.
Foreign Funds sour on U.S. corporate bonds as Trump sows chaos
The selling comes after overseas investors made record purchases of US corporate debt in 2024. Official data shows the demand slowing in February.
Deutsche Bank debt trading hits record on market volatility
Fixed-income trading was hit in the first two weeks of April and only returned to a "healthy" performance after that, the CFO said.
Saks weighs fresh debt raise after Neiman merger bonds tank 35%
The move comes as bonds Saks sold to finance its $2.7 billion acquisition last year have lost more than a third of their value since they were issued in December.
Treasury-yield surge stokes fear of next big basis-trade unwind
It's bringing back memories of the basis-trade unwinds at the onset of the pandemic — when widespread deleveraging sparked blowups of the popular hedge fund strategy that sent bonds tumbling.
Bessent says US ‘long way’ from boosting longer-term debt sales
Bessent had repeatedly criticized then-Treasury Secretary Janet Yellen for boosting the share of bills in US debt.
Appeals court erects roadblock for uptier LMEs
Borrowers to test court restrictions as record liability management exercises volume continues
By
John Hintze
Treasuries slip with tariffs dominating before Powell Testimony
Long-maturity yields rose as much as four basis points, with the 10-year note's stalling at around 4.53%. A gauge of the dollar held steady after two days of gains.
Bonds gain in January as Trump’s return drives topsy-turvy month
It took until Thursday for the president to indicate he'd follow through on some of his tariff threats, meaning investors who had been bracing for levies to be imposed on day one of his term had a couple weeks of relief.
Oaktree’s Howard Marks says low-rate era won’t return soon
The legendary investor weighed in on the "irrationality of markets" during the recent AI-fueled rally.
U.S. yields fall to lowest this year as tech slump fuels haven bid
The yield on 10-year US notes fell as much as 12.5 basis points — the most intraday in almost two weeks — to 4.50%, before paring the decline.
Trump’s climate pullback endangers crucial funds for poor nations
The moves, announced within hours of Trump taking office Monday, also risk derailing the commitment that all countries made at COP29 in November to triple annual climate finance to $300 billion by 2035.
On day one, Trump appeases bond traders and pushes down rates
By Tuesday's close, they were back well below the 5% mark, with the 30-year's lower on the day by six basis points to 4.80%.
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