Franklin Templeton experts balance a higher-rate world and weigh midterm impacts
Professionals anticipate higher volatility in the near term, while examining the risks and opportunities amid rising interest rates, with a yearend view.
Investments
Balbec Capital leans toward multifamily as underwriting standards shift
Incentives structure and fewer losses drive commercial real estate collateralized loan obligation issuance over conduit commercial mortgage-backed securities.
By
John Hintze
Bessent: stablecoins will help ensure dollar dominance
Treasury Secretary Scott Bessent said Tuesday that dollar-pegged stablecoins could help expand market demand for U.S. government debt, lowering the pressure on long-dated bond yields.
Fed meeting focus turns to Warsh messaging with December in mind
It's the same task the Fed chairman fumbled in July, when investors took a rate hold in stride but balked at Warsh's unwillingness to signal borrowing costs might need to move higher.
Sudden CLO unwind at crescent wipes out owners of riskiest debt
Designating the loans as credit risks gave Crescent broader authority to sell them as it shrank the CLO, allowing it to liquidate the remaining portfolio without approval from subordinated noteholders.
Bessent sees no spillover from France bond market’s turmoil
Since the turmoil in France escalated from the end of last month, moves in that country's bonds have affected Treasuries several times — either by pushing them down in tandem or causing flows into U.S. debt as a haven trade.
Castlelake first commercial real estate CLO raises $1.1 billion
The collateral pool includes 26 collateral interests backed by 26 commercial multifamily, industrial, hospitality, self-storage, and student housing properties.
Treasuries slump as hot inflation lifts Fed rate-hike bets
Traders priced in a roughly coin-toss probability that the U.S. central bank boosts rates at its October meeting after consumer prices advanced at the fastest pace in five months.
Bassman warns of ‘nightmare scenario’ amplifying U.S. bond selloff
The risk stems from the way traders provide the bonds that are delivered when futures contracts are settled.
Wall Street sees an ominous sign in bond market’s latest selloff
During the past few weeks the term premium spiked to levels not seen in over a decade and drove the latest leg of the bond selloff that's sent US Treasury yields to a 24-year high.
Longer-dated Treasuries rise ahead of $22 billion 30-year sale
Thirty-year bonds wiped out an early loss to advance on Thursday, with yields down a basis point to 5.66% — just off their highest levels since 2002.
Lofty U.S. yields lure strong investor appetite at 10-Year auction
The global bond market has been hammered in recent weeks as elevated energy prices fueled concerns about faster inflation and further central-bank rate increases.
Treasuries slump pushes long-end yields to fresh 24-year highs
Investors remain wary of calling a top in yields after a steady march higher from mid-August as the economy expands amid booming AI infrastructure spending.
U.S. bond traders pull back on Fed hike bets after weak jobs data
Treasuries rose on Friday after the US added fewer jobs than expected in September and unemployment edged higher, pushing the yield on two-year notes lower by as much as 10 basis points to 4.69%.
U.S. benchmark 10-year yield briefly hits highest since 2002
The yield on the 10-year Treasury note briefly rose above its 2007 peak to trade at 5.34% on Thursday. Earlier this week, the rate on 30-year US bonds also hit a 24-year high.
U.S. 30-year Treasury yield approaches highest level since 2002
The latest leg higher came as elevated energy prices added to inflationary pressures and corporate new issues weighed on the market.
US bond-market selloff deepens as Trump spurns Iran’s offer
The declines pushed most US yields higher by 10 basis points in mid-morning trading, with 10- and 30-year benchmark yields near the highest since 2007 and 2004.
Moody’s: CLOs have prepped for worsening credit quality
Liability management exercises are driving defaults and complicating recoveries in collateralized loan obligation pools.
By
John Hintze
U.S. 30-year yield hits highest since 2004 as bond selloff deepens
A fresh jump in oil prices on Thursday lifted five- to 30-year Treasury yields to new multiyear highs in choppy U.S. trading, with the 30-year rising as much as seven basis points to 5.47%, its highest since 2004.
U.S. bond-market slide deepens, pushing yields to two-decade highs
Rising oil prices sparked the declines earlier in the session, fanning worries around elevated inflation and punishing European government debt as well.
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