Analysis-Bruised Treasury bulls see glimmer of hope after Fed meeting, smaller issuance
© Reuters. FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo/File Photo
Earlier in the day, the U.S. Treasury said it will slow the pace of increases in its longer-dated debt auctions in the next three months, at least temporarily assuaging concerns that investors will require higher yields to absorb an expected torrent of government debt. “Bonds are starting to show a little bit of life,” said Jack McIntyre, portfolio manager at Brandywine Global. However, if Friday’s payroll number exceeds expectations, “then that bullishness will get tested.”
Bond bulls argue investors should increase exposure to long-term securities partly because they could appreciate in price if an economic slowdown pushes the Fed to eventually cut rates. Not everyone took Powell's comments as dovish, however, and some investors cautioned the market was too quick to dismiss the possibility of more hikes.
Wilensky, who has been moving from bets on shorter-term bonds to longer-term ones, does not expect rates to rise significantly from current levels but reckons that bond market volatility will remain given the high level of geopolitical risks.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Treasury yields fall ahead of Fed meeting kickoffU.S. Treasury yields declined on Tuesday just ahead of the Federal Reserve’s policy meeting and as investors assessed the state of the economy.
続きを読む »
Treasury yields fall ahead of Fed meeting kickoffU.S. Treasury yields declined on Tuesday just ahead of the Federal Reserve's policy meeting and as investors assessed the state of the economy.
続きを読む »
Treasury yields fall ahead of Fed meeting and after Bank of Japan makes minor policy tweakJamie Chisholm is a markets reporter based in London.
続きを読む »
Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meetingStocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.
続きを読む »
Treasury yields fall as traders look to Fed meetingU.S. Treasury yields declined on Tuesday just ahead of the Federal Reserve's policy meeting and as investors assessed the state of the economy.
続きを読む »
S&P 500 futures firmer as Treasury yields slip and Fed meeting startsU.S. stock index futures edge higher in Tuesday's premarket, holding most of the previous day's rally as Treasury yields move lower and more corporate...
続きを読む »