Treasuries draw buyers after selloff as oil surge stalls
Hawkish votes against the policy statement, which characterized the risks to the economy as balanced, led traders to price in lower chances of a rate cut at any point before 2028.
Investments
U.S. Treasury yields hit highest levels since March as oil surges
Yields across maturities rose by four to six basis points, with short-dated tenors most sensitive to Fed rate changes leading the shift.
ECB’s Nagel says Trump’s Fed attacks caused flight to safety
When Trump put pressure on the Fed this didn't lead to higher inflation expectations, but to lower Treasury yields, a fall in equity prices, a surge in gold and a weaker dollar.
Credit risk transfers earn bipartisan praise
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
Traders bet on post-war calm to keep rates in tight range
In testimony Tuesday, Warsh avoided answering questions about the near-term path of interest rates, further supporting the market's wait-and-see stance.
Treasuries weaken before Warsh testifies for Fed chair role
The move followed upbeat signals on consumer spending and the labor market, with both the ADP weekly jobs report and March retail sales beating forecasts.
Traders revive short-volatility bets as peace hopes calm markets
Gauges of bond swings have declined almost every day since late March, as optimism has grown that the US and Iran are moving toward a agreement to end a month-long conflict.
Goldman extends borrowing run with $6.5 billion bond sale
Being a diversified global bank, Goldman Sachs was "broadly seen favorably as a relatively safe haven type of credit," said Tony Trzcinka, an investment grade portfolio manager at Impax Asset Management.
US Treasuries fall as inflation data erode Fed rate-cut wager
The setback pared a weekly gain for US government bonds sparked by an April 8 ceasefire agreement, which caused oil prices to tumble from near multiyear highs.
Bond rally fades as Iran says ceasefire violated
Oil remained lower by more than 10%, but the benchmark two-year Treasury note, erased its gain for the day, to yield about 3.79%.
Bond traders risk being wrongfooted by 2022 playbook, UBS warns
Treasuries and gilts especially reflect unrealistic expectations that inflationary pressures will goad central banks into another 2022-style rate-hiking cycle.
US bonds steady as traders bet war uncertainty keeps Fed on hold
Interest-rate swaps showed traders wiped out what little remained of their wagers on Fed easing after unexpectedly strong US labor market data were released Friday.
US bonds fall as Trump’s Iran threats add to inflation angst
Concerns that inflation pressures will intensify drove the biggest monthly increase in 10-year Treasury yields in March since late 2024.
Barclays predicts growing Treasury market will need bailouts
The $31 trillion US government debt market "has grown far faster than the quantum of bank capital," creating a gap between the supply and demand for liquidity.
Government bonds rally around the world on slowdown concerns
The recent shift in focus toward slowing economic growth is easing fears that central banks will need to adopt an aggressively hawkish stance to control inflation.
Apollo private credit fund looks to go on offense with new CLO
With credit spreads widening, Apollo Debt Solutions, or ADS, obtained a $500 million credit line that it can use to snap up more loans at an opportune time.
Blackstone’s BCRED Sells $450 million private credit CLO
Unlike most CLOs, the deal is a so-called "static" transaction, with cash flows from a fixed pool of loans rather than an actively traded portfolio.
Bond market nears ‘inflection point’ after war-related selloff
While the biggest amount of unwinds occurred on March 2, the new positions added since then have broadly signaled short positions, targeting higher Treasury yields.
Mountain Point promotes systematic strategy in inaugural CLO
Investing in vastly more loans that traditional collateralized loan obligations, Mountain Point anticipates approaching the market quarterly.
By
John Hintze
Treasuries slide as elevated oil prices fuel inflation fears
The Fed, European Central Bank and the Bank of England all held rates this week as policymakers grapple with the uncertain outlook for inflation and growth arising from the conflict in the Middle East.
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