For years, David Horowitz at Agilon Capital was a rare breed in the bond market: a quant in a notoriously old-school business where prices were a call rather than a click away. Sixteen months of the pandemic is changing all that. Source: Bloomberg The work-from-home era is fueling a surge in electronic bond trading that gives the…
German yields moved lower still on a week-over-week basis, as 10-year Bund yields fell -5 bps to -.23%, the lowest/most inverted level in almost a month. For the immediate term, the interim June 11 lows of -.27% is seen tracing out as downside resistance, with upside support tracing out at -.15%. In credit, 10-year investment…
German yields were seen marginally lower over the past week, led by the belly of the curve. 10-year yields fell about -2 bps to current levels near -.18%, all of it from declines in real yields as inflation expectations held steady. Oa a year-to-date basis, German nominal 10-year yields are up close to +40 bps,…
German yields moved higher over the past week, but remain lower on the month. 10-year benchmark Bund yields backed up to -.18% on a +5-basis point rise since last Wednesday, and as in the US, the 5-30s curve flattened. In credit, 10-year investment grade spreads narrowed in marginally to +87 bps, holding however to the…
A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don’t bet on a repeat of the sharp selloff seen earlier this year just yet. Source: Reuters U.S. 10-year bond yields are back above 1.5%, near two-week highs , while Germany’s Bund yield hit a three-week peak at…
Investors will be scrutinizing the Federal Reserve’s comments at the close of its policy meeting on Wednesday for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. A possible hike to some key short-term rates is also in focus. Here are topics that investors…
Inflation is on the rise, but bond markets are shrugging off the higher readings. Source: Yahoo Finance On Thursday morning, fresh data from the Bureau of Labor Statistics showed prices across the board increasing by 5.0% year-over-year, the fastest pace for the Consumer Price Index since August 2008. U.S. Treasuries barely flinched in the hours following the…
Japan’s government bond market saw trading volume dwindle to a nearly two-decade low in May, dashing central bank hopes that a clarification of its policy intentions in March would revitalise a market made dormant by its huge presence. Source: Reuters In a policy review in March to address the side-effects of prolonged monetary easing, the…
The US junk bond market has begun wavering on rising inflation worries, raising the risk that the powerful rally since the depths of the pandemic in the debt issued by the riskiest corporate borrowers may be coming to an end. Source: Financial Times The high-yield bond market has been a shelter for investors seeking to…
LONDON — Euro zone government bond markets were broadly steady on Tuesday, looking past a surge in inflation in the currency bloc to the likelihood that hefty monetary stimulus will remain in place for some time. Source: Financial Post Data showed inflation in the 19 countries sharing the euro accelerated to 2% in May from…
