bondyields
Fixed income investors experienced the pull of rising yields during the first half of 2023, which included attractive options within the municipal bond market. With an eye on yield, investors may have also sought out munis for their tax-free income advantages. Whatever the reason, major indicators of municipal bond activity portrayed upside that could continue through the rest of the year following a bearish turn in 2022. “After the worst showing in four decades in 2022, the muni market regained some ground in 2023,” the blog added. “There was some chop along the way, but the Bloomberg Municip...
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For weekend reading, Bryan Perry, Senior Director with Navellier Private Client Group, offers the following commentary: A few indicators are taking shape within financial markets that indicate it may be time to profit from the bond market as well as the stock market. Let’s start with Fed Chair Jerome Powell noting several inflation indicators moving in the right direction, which, in my view, was a green light for stocks to advance. The Fed’s stated target for inflation of 2% almost sounds like a pipe dream, given the cost of housing and the strong labor market, but the Fed governors see the co...
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The damaging combination of rising government bond yields and widening credit spreads made for a very tough quarter for fixed income investors – one of the weakest since the Global Financial Crisis, according to Jeff Boswell, Head of Alternative Credit. 14 July 2022 The second quarter was particularly brutal for all fixed income investors, with a categoric repricing of risk leaving very few places to hide. Fixed income investors experienced the double body-blow of rising government bond yields alongside widening credit spreads, leading to some of the largest negative quarterly returns experien...
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In hisDaily Market Notes report to investors, while commenting on the the inflation statistics, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Shorts RetreatSo first and foremost, earnings are working. They are drop-kicking value stocks higher. That's the good news. This is the second day in a row of short covering. So a lot of growth stocks that were beaten up are just reversing out of nowhere. There was a lot of short covering on Friday, and you have a huge follow-through today. Now what's also interesting is the dividend stocks, the dividend growth stocks that had b...
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OANDA – Global bond yields slide as stocks rebound, US data, Oil pares gains, Gold steady, Bitcoin rallies Q4 2021 hedge fund letters, conferences and more US stocks breathed a tentative sigh of relief now that the bond market selloff appears to be taking a break. In just a few weeks, Wall Street has gone from pricing in a gradual tightening of policy to a hurry-up offense that could deliver 4 to 5 rate hikes this year and a balance sheet reduction kickoff this spring. Fed tightening expectations have been overdone and investors are now scaling back into risky assets. Investors quickly shrugge...
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U.S. inflation grew by 6.8% in November from the same month last year, the fastest pace since 1982. According to the consumer price index (CPI) report revealed Friday, the jump was slightly higher than expected, which puts the Federal Reserve under the spotlight amid pressure on the economic rebound. Q3 2021 hedge fund letters, conferences and more U.S InflationAs reported by CNBC, inflation in the country beat estimates for November and increased 6.8% from a year previous. The Labor Department indicated that, excluding food and energy prices, “so-called core CPI was up 0.5% for the month and ...
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The third quarter of 2021 was bad for gold, with a particularly awful September. Could the remainder of the year be any better for the yellow metal? Q2 2021 hedge fund letters, conferences and more September is believed to be, from the historical point of view, one of the best months for gold. Well, September 2021 definitely wasn’t very good for the yellow metal. As the chart below shows, the price of gold declined almost 4% in that month (from $1,814.85 at the end of August to $1,742.80 at the end of September). Actually, the whole third quarter was rather disappointing for the yellow metal, ...
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Inflation has risen, but bond yields have declined. Such a divergence is strange – beware gold bulls! Q2 2021 hedge fund letters, conferences and more 10-Year US Treasuries And CPI Annual Inflation RatesWould you like to see something mysterious? If yes, please look at the chart below. It shows the yields on 10-year US Treasuries (red line) and CPI annual inflation rates (blue line) in recent years. As you can see, a huge divergence emerged this year: while inflation surged above 5%, nominal bond yields declined from 1.6% to 1.3%. Why is it so strange? Well, economic theory says that when infl...
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Bond yields dropped slightly downward to 1.299% in early trading on the benchmark 10-year Treasury note. The yield on the 30-year Treasury bond tilted down to 1.909%, as yields move in the opposite direction to prices. Q2 2021 hedge fund letters, conferences and more Bond YieldsAs reported by CNBC, “The labor market is in focus ahead of the August jobs report which will play a major part in determining when and how the Federal Reserve will start unwinding its bond program.” A Dow Jones poll among expert economists predicts that 750,000 jobs were created in August, sending the unemployment rate...
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In hisWeekend Reading Notes to investors, while commenting on convertible bond funds, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more A Situation For The Monetary History BooksI’m not sure when the last time such a divide over the direction of interest rates and bond yields existed, but the present situation is one for the monetary history books. When it looked like lower commodity prices were taking hold, about the only commodity that really retreated heavily from its recent high was lumber. Energy and food are trading higher following a broad pullback earlier this mon...
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