AGL Credit completes 10 CLOs at historically tight AAAs
Industry diversification and strong borrower financials bode well for CLO prospects in uncertain times.
Tax
Fed’s Kugler: Tariffs present stagflation-like pressure
Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.
Bond traders’ rate-cut optimism flattened by Powell tough talk
Powell said as policymakers look for more clarity on tariff policies, the risks of higher inflation and unemployment have increased due to President Donald Trump's sweeping levies.
Fed’s Barr expects high inflation, slow growth from tariffs
Federal Reserve Gov. Michael Barr said global supply chain disruptions and inflation caused by tariffs could weigh heaviest on small businesses, especially those with little access to credit.
Bessent says tariff negotiations could wrap by year end
Treasury Secretary Scott Bessent said he expects negotiations with trading partners over tariffs to conclude by the end of the year but acknowledged that talks with China had not yet begun.
Bond traders swing to Powell’s side as Trump calls for rate cuts
The pace of hiring drove traders to dial back rate-cut bets that had steadily mounted as Trump's trade war unleashed havoc in financial markets and sowed fears of a US recession.
Inflation nears Fed target, but tariffs still loom large
The Federal Reserve's preferred inflation reading fell in March, but the positive reading came before new trade policies hit the economy.
How tariff uncertainty is taking a toll on banks
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
Threat to U.S. exceptionalism spurs rush for EM local bonds
The outperformance of local-currency debt has led to an unusual situation where the historically riskier bonds are trading at lower yields than those denominated in the dollar — traditionally the world's main haven asset.
U.S. bond traders seek cues from Powell on next move after rout
US bonds have been whipsawed this month as President Donald Trump's move to impose global tariffs raised threats to the economy, undermining Treasuries' reputation as the world's safest asset.
Bond rebound relieves markets dazed by week of trade turmoil
The rebound in bonds eased concerns that built last week, when a steady rise in yields threatened to deal the US economy another hit by pushing up the cost of all kinds of loans.
Bessent says Treasury has big toolkit if needed for bonds
Bessent reiterated his interpretation of the decline being mainly a product of deleveraging, saying he had no evidence that sovereigns were behind the drop.
Bank mergers and acquisitions in doubt with tariff whiplash
After rapid changes in U.S. trade policy, banks and their clients are putting merger deals on ice until the dust settles.
Treasuries are trading like risky assets in warning to Trump
Investor confidence in US bonds can no longer be taken for granted — not after a years-long borrowing binge, not with a president hell-bent on rewriting the rules at home and abroad and antagonizing many of the country's biggest creditors.
U.S. inflation unexpectedly slows down ahead of tariffs impact
The slowdown reflected a decline in energy costs, used vehicles, and airfares. Motor vehicle insurance — a main source of inflation in recent years — also retreated.
Tariff twist boosts mortgage stocks, interest rates still up
Pres. Trump's decision to pause most of the tariffs has sparked a rally in the stock market, but the 10-year yield, while off of its peak, remains higher.
Bond markets retreat as U.S. Treasuries lead yield jump worldwide
The yield on 30-year Treasuries briefly pushed over 5% in Asia and the pressure seeped into other markets, with yields rising sharply in Australia, the UK and in the developing world.
Bessent defends tariffs, calls for deregulation
In a speech at the American Bankers Association Washington Summit Wednesday morning, Treasury Secretary Scott Bessent downplayed economic risks from tariffs, floated capital reforms and urged regulatory relief for community banks.
To cut or hike? Tariffs put Fed policy at a crossroads
Federal Reserve officials want to see how exactly new trade policies impact the U.S. economy before adjusting interest rates. Markets and monetarists have different ideas about what that might look like.
Four of Jamie Dimon’s biggest concerns, per his letter
JPMorgan Chase's CEO emphasized his concerns about geopolitical conflict and brought up recent culture shifts at the bank in his annual letter to shareholders.
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