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Pulaisi: Federal Reserve may cut interest rates in September, asset allocation will be more inclined towards high-yield bonds.
Tim Murray, the capital markets strategist for T. Rowe Price's diversified asset division, has commented on the Federal Reserve's interest rate decision.
Softening U.S. Data Provide Supportive Backdrop to Bond Market
Economic data and conflict in the Middle East scared the US stock market. The Dow fell by about a thousand points from its high during the day, and Nvidia suffered another steep decline. US bonds rose sharply.
More news, updating continuously, the US labor market continues to weaken, manufacturing shrinks the deepest in eight months, traders expect the Fed to cut interest rates three times this year, the yield of 10-year US Treasuries fell below 4% for the first time since February, and the 2-year yield plunged 10 basis points.
Bond ETFs Attract Record Flows in July as Investors Position for Fed Rate Cuts
Treasury Yields Slide as Fed Cuts Become More Likely -- Market Talk
"Bond King" Gross: Value will win over growth in the long term unless AI can create a new era of productivity.
Bill Gross says if artificial intelligence-related companies can increase the productivity of the United States from the historical level of 1-2% of the past few decades to 2-3%, growth stocks may significantly outperform value stocks. But he thinks this is still a bet and advises investors to hold both value and growth stocks and not let any one stock dominate.