And, well, the answer appears to be «no» since the yen took directional cues
from global bonds yields this week, at least from Monday to Thursday.
Not exact matches
A spike in
bond yields and a clear change of direction
from central banks means there isn't a lot of value in
global bond markets, a fund manager told CNBC on Tuesday.
NEW YORK, Jan 18 - U.S. fund investors pulled $ 3.1 billion
from high -
yield «junk»
bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite
global markets» continuing triumph.
In the meantime, gold continues to find support
from global monetary policy and low to negative government
bond yields.
Composite Treasuries Sentiment: Taking a broader view of
bond market sentiment (our composite
bond market sentiment indicator combines the signal
from futures positioning, fund flows, implied volatility, and
global bond market breadth), it's readily apparent that
bond market sentiment has seen a reset
from relatively stretched bearishness to just on the bullish side of neutral (i.e. the indicator is saying participants have gone
from expecting higher
bond yields to expecting lower
bond yields).
Central bank intervention in
global bond markets has «crowded out» many traditional fixed income investors, driving them to seek
yield and income
from non-traditional and riskier asset classes such as high
yield, emerging markets debt, leveraged loans and private credit.
From a
global policy perspective, we think the Fed's recent hikes are the first stage in a cycle that will later this year see the European Central Bank (ECB) discuss a more normalized rate policy, and then lastly Japan's BoJ may at least expand its 10 - year Japanese government
bond (JGB)
yield target range.
Meanwhile, emerging market
bonds that make up the J.P. Morgan EMBI
Global Core Index, currently offer similar yields and may benefit from global reflationary trends despite the potential challenge of higher valuations and a rising U.S dollar in the short
Global Core Index, currently offer similar
yields and may benefit
from global reflationary trends despite the potential challenge of higher valuations and a rising U.S dollar in the short
global reflationary trends despite the potential challenge of higher valuations and a rising U.S dollar in the short term.
Global bond yields have climbed to 1.58 percent
from a record low 1.07 percent in July, according to the Bloomberg Barclays
Global Aggregate Index.
From early May to mid June, domestic
bond yields followed
global yields lower on concerns about potential deflationary pressures in the US and related expectations of easier monetary policy abroad and in Australia.
Naeimi: An ongoing softness in Chinese growth, transition
from mining to non-mining and rising
global bond yields.
The fund seeks to achieve this by leveraging BlackRock's
global capabilities to strategically gain exposure to thousands of investment - grade and high -
yield bonds from Canada, the U.S., Europe and emerging markets.
Chinese
bonds continue to attract attention
from global investors as they offer relatively higher
yields, what's more, Chinese
bonds also have historically demonstrated low correlations with
global markets.
Fixed - income ETFs manage about US$ 576 billion of
global assets, ranging
from Treasuries to high -
yield corporate
bonds and emerging - market debt.
As central banks move away
from ultra-loose monetary policy, and the
global economic expansion matures,
bond fund managers will need to ensure their portfolios draw on a truly diverse range of sources of return and carefully consider portfolio risk if they are to generate
yield in the current market environment.
Contrarily, as part of the S&P
Global Developed Sovereign Inflation - Linked
Bond Index that measures the performance of the inflation - linked securities market, the S&P Japan Sovereign Inflation - Linked
Bond Index rose 3.84 % YTD, see Exhibit 3, and its
yield - to - maturity has also shifted
from negative territory to 0.648 % in the same period, which is a level last seen in early 2012.
The VanEck Vectors
Global Fallen Angel High
Yield Bond UCITS ETF is designed to enable investors to benefit
from temporary misvaluation as a result of credit rating downgrades.
New supply
from the US Treasury pushed
yields up (
bond prices down) and aided a
global downward trend.
For the most part, it is a trying time for investors, especially for those retirees who live off of their investable assets, with fairly flat to negative returns
from global equity markets while
bond and dividend
yields remain painfully dismal.
Nevertheless, Chinese
bonds continue to gain traction among
global investors as they offer higher
yields than the
bonds from other major markets.
Apart
from ADRs,
Global Investing also covers
yield instruments like yankee
bonds and foreign preferred stocks.