HYG240719P100000
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Ishares Iboxx $ High Yield Corporate Bond Etf Newsroom
IG Corporates Would Yield More Than HY Debt If Rates Move Lower - DataTrek
Yield Curve: US30Y Jumps Above the US2Y for the First Time Since Late January
Greater Prospects of Trump Winning Election Could Push Up U.S. Treasury Yields -- Market Talk
A potentially higher possibility of Donald Trump winning the November presidential elections following an assasination attempt against him over the weekend could drive up U.S. Treasury yields, especially long-dated yields, UniCredit Research analysts say in a note.
It's Time for the Fed to End the Waiting Game
Why wait until September? That is the question hanging over markets after Thursday's surprisingly weak inflation reading. There doesn't seem to be much reason for the Federal Reserve
Will Rate Cut Expectations Trigger a Shift from Large to Small Caps?
As June's Consumer Price Index (CPI) indicates a slight deceleration in inflation, rising to 3% from the previous year, investors are recalibrating their portfolios, pivoting away from the large-cap technology and that have propelled market indexes to record peaks.
Fed's First Rate Cut Will Most Likely Come in September - SA Sentiment Survey
U.S. Treasury Investors Look to Be in Bond-Positive Mood -- Market Talk
Investors on the primary market for U.S. government bonds seem to be leaning toward the bond-positive view, Elmar Voelker, senior fixed income analyst at LBBW, says in a note. Admittedly, the post-CPI 30-year bond auction on Thursday was somewhat slow, while the most recent auction of 10-year Treasurys didn't meet quite as much demand as its predecessor in June, even though the bid-to-cover ratio was above the long-term average, he says.
The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.
Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.
Falling Rates Open an Opportunity in Fixed Income
By Xavier Baraton and Willem Sels About the authors: Xavier Baraton is global chief investment officer, HSBC Asset Management. Willem Sels is global chief investment officer, HSBC Global Private
US Treasury Yields Plummet as Inflation Surprises, Fed Dovish Bets Grow
US Treasury bond yields tanked on Thursday after the US Bureau of Labor Statistics (BLS) revealed a surprise fall in inflation before Wall Street opened.
Even with a significant drop in inflation in the United States, it was not enough to save the dismal sale of ultra-long-term US Treasury auctions. The 30-year government bonds performed poorly.
There was a significant tail yield difference in this auction, with both bidding multiples and overseas demand being weak. Analysts say that this was a very bad auction, on a day when the U.S. CPI dropped sharply and the yield curve plummeted, auction results pushed the 10-year U.S. Treasury yield up 2 basis points from its intra-day low, hovering slightly above the 4.18% level.
US2Y and US10Y Drop to the Lowest Levels Since March as Inflation Data Cools
Traders are betting heavily on a rebound in US bonds before the CPI is announced.
Bond investors who have been preparing for a rebound in the US bond market are seeking support from the June CPI data to be released on Thursday in the USA.
A Bond Rally Is Coming. This Time, Main Street Is Ready
By Ian Salisbury Suddenly, the bond rally that failed to arrive in 2024 doesn't seem so far off. And for once Main Street investors, who have been pouring money into bond funds, seem poised to
Ten-Year U.S. Treasury Yield in Search of Driver to Fall
The 10-year U.S. Treasury yield is back in the 4.25%-4.30% area, looking for an excuse to dip lower, and Thursday's release of U.S. CPI data, due at 1230 GMT, could be that driver, rates strategists at ING say in a note. "The rationale for doing so can come from Thursday's CPI report for June," they say. They see the economic environment shaping up for bond-friendly outcomes, and on that assumption, U.S. Treasurys can continue to perform, they say. That would imply lower yields. The 10-year U.S. Treasury yield is trading at 4.296%, up 1.5 basis points, according to Tradeweb. The headline inflation is expected at 3.1% in June versus 3.3% in May, while core inflation is expected unchanged at 3.4%, according to a poll by The Wall Street Journal.
No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.
Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.
WisdomTree Weighs in on When the Yield Curve Will Un-invert
Powell's cautious speech did not hinder the US stock market from reaching a new high! Investors' focus has turned to CPI.
According to the Zhitong Finance APP, the US stock market reached a historic high at the close of Tuesday, and Federal Reserve Chairman Jerome Powell's speech to Congress did not alter the market's expectations of interest rate cuts this year.
USD: Inflation and Powell in Focus This Week – ING
The dollar is modestly stronger out of the weekend as a surprise win of the left-wing alliance in the French second-round legislative elections sent European currencies lower and fuelled some safe-haven demand, with the Japanese Yen (JPY) and Swiss franc (CHF) rising, ING’s analyst Francesco Pesole suggests.
Bullish on the big transaction, causing a buzz in the market. This is probably the most important trade in the second half of the year.
Wall Street major banks have collectively spoken out, stating that the normalization of the US yield curve - where the slope becomes steeper - will be the most important trade in the second half of this year.