Month-end Treasury trading trounces other days, NY Fed finds
Over the past two years, volume in the $30 trillion US government bond market was about 58% higher than average on the last trading day of the month, the New York Fed found.
Investments
Bond traders step up Fed hedges as shutdown clouds outlook
The government closure that began on Oct. 1 has delayed the release of official data that traders rely on to assess growth and inflation and gauge the Fed's next steps, after it eased last month for the first time this year.
Goldman sees Japan bond ‘shocks’ spilling over to Treasuries
Moves in Japanese government bonds have foreshadowed that of their global counterparts this year, with a spike in super-long yields in the Asian nation amplifying ructions fueled by fears of widening fiscal deficits.
Boehly’s Eldridge sells its first collateralized loan obligation
The biggest portion of the transaction, the $290 million of class A-1 bonds rated Aaa, were sold to yield 1.33% more than their Secured Overnight Financing Rate benchmark.
Sagard brings Dan Johnson aboard BD team
Johnson will be based in New York and joins a business development team focused on originating for Sagard's private credit business.
BlackRock sees CLOs among best European credit opportunities
CLOs offer an alternative to investment-grade and junk corporate bond markets, which are trading at very thin premiums to Treasuries. They bundle leveraged loans into bonds of varying risk and reward, allowing managers to tailor portfolios to specific investors tolerances.
Sound Point enthused about loans despite market uncertainties
When weighing investments, the CLO equity investor also considers strategies on liability management exercises when considering investments.
By
John Hintze
Treasury yields drift higher before expected Fed rate cut
The anticipation of lower rates has helped drive yields lower, with the 30 year's falling as much as three basis points to 4.62% on Wednesday, the lowest level since April 30.
Bessent defends Miran’s leave from White House to serve on Fed
He is expected to take part in the closely-watched Federal Open Market Committee meetings scheduled for Tuesday and Wednesday.
Auto lending fintech Lendbuzz files for IPO
The AI-powered auto lender is the latest fintech to debut an IPO in recent months, even as a different auto lender filed for bankruptcy this week.
Traders lock in Fed bets, boosting Treasuries for fourth week
The yield on US 10-year debt edged two basis point higher to 4.04% after falling to a five-month low Thursday, but still remained on course for a fourth week of declines.
Bonds climb as Fed traders lock in September cut: markets wrap
Treasuries climbed across the curve, driving two-year yields down three basis points to 3.51%. Money markets almost fully priced in three Fed reductions by the end of 2025.
Treasury investors ramp up bullish positions before CPI data
In SOFR options, which closely track the Fed's policy path, a number of large positions have emerged that look to benefit from an outsized cut of 50 basis points at next week's meeting.
Treasuries end four-day run of gains as focus turns to inflation
Investors are anticipating the annual preliminary benchmark revision of US payrolls data. Further signs of softening could further raise expectations for Fed easing.
U.S. Treasuries extend gains as traders turn focus to inflation
The attention will now turn to reports on producer prices and consumer prices, due Wednesday and Thursday, for signals of how quickly the Federal Reserve will lower borrowing costs.
BofA says U.S. bond rout likely over in absence of inflation shock
Debt markets globally were roiled this week as the yield on the 30-year Treasury rose to almost 5% before easing in the past two sessions.
European private credit market to catch up with U.S., Moody’s says
The region is poised for growth, given the untapped market potential and deglobalization, which will force greater autonomy from the US and drive increased spending.
FIS and Napier Park’s long-time partnership bears tech fruit
Strategically introducing AI bolsters FIS' value added services, and improves clients' scalability and decision-making.
By
John Hintze
World Bank sells $510 million of bonds backed by loans to companies in developing markets
The development bank's finance arm has bundled up exposures in loans it made to 57 companies across regions like Eastern Europe, South America and Asia, in a first for the bank.
Short-dated Treasuries fall as strong U.S. data dents rate bets
Yields on two- to five-year notes rose at least two basis points to session highs after the U.S. economy's second-quarter growth rate was revised to 3.3% from 3%, exceeding economist expectations.
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