Aubrey discusses some key takeaways of the past 12
months on bond markets in preparation for what's ahead.
Aubrey discusses some key takeaways of the past 12
months on bond markets in preparation for what's ahead.
Not exact matches
IIF noted in a recent report that plans to privatize several state - owned enterprises beyond the Aramco deal, a doubling in the size of the domestic stock
market and the trading of local currency government
bonds on the Saudi exchange, which began this
month, all deepen the kingdom's capital
markets.
And the «indications are that the directive has already had a meaningful impact
on bond markets, and there could be a lot more to come over the next 24
months.»
The European Central Bank is all but certain to cut back
on its
bond - buying stimulus
on Thursday, one of the biggest factors supporting the rally in global stock
markets in recent
months.
Nickel set for biggest weekly increase since April 2009 Dow Jones Industrial Average reaches record
on Thursday Gold heading for worst week in a
month Largest increase in 30 - year Treasury yields since 2009 Italian
bonds are poised for worst three - week selloff since 2011 Emerging -
market stocks set for biggest three - day slide since August 2015 Mexico's peso plunges 12 percent in three daysCommodities
The fact that the
bond market retreated during the first week of the year
on «old» news and in the second week
on very little new economic news, though Wednesday saw softer JOLTS (where job openings slid to a six -
month low) and Import Price data barely rising at all, is revealing.
The decision to begin buying government
bonds on the open
market came after a debate that lasted
months.
The average investment - grade (high - yield)
bond trades
on less than 32 % (36 %) of days over the prior six
months — liquidity in corporate
bonds was considerably lower than in traditional listed equity
markets.
I've gotten a huge number of emails and questions
on bond market liquidity in the last few
months.
The continuing low level of government
bond yields has supported the search for yield that has been evident over the past couple of years, with the spread between yields
on US government debt and yields
on both corporate and emerging
market debt remaining around historical lows over the past three
months (Box B).
Higher
bond yields have had a dampening influence
on share
markets around the world in recent
months.
The de Blasio administration was hoping to get the funding in time to go to
market on the
bonds before the likelihood the federal government would raise interest rates in the middle of the
month, sources said.
But less than a
month after the July contributions, a two - page memo went from Cuomo's Division of the Budget to the state's Dormitory Authority, which issues debt
on behalf of schools and hospitals that have less experience (and scale) in the municipal
bond market.
Unlike Treasuries and investment grade corporates, the high yield
market as measured by the S&P U.S. Issued High Yield Corporate
Bond Index touch a low point for yield earlier in the
month at a 5.87 %
on October 6th.
Emerging
market equity funds stood out
on the equity side with a category return of 3.64 % while the long government
bond category rallied and closed the
month up 5.83 %.
A few more
months like that in the
bond market and we will start hearing more talk about negative yields
on U.S.
bonds.
The interest rates of each Savings
Bond issue are based
on the average Singapore Government Securities (SGS) yields the
month before applications for that issue open, and may be adjusted to maintain the «step - up» feature if
market conditions do not allow it.
They focus
on net fund alphas, meaning after - fee returns in excess of the risk - free rate, adjusted for exposures to three kinds of risk factors well known at the start of the sample period: (1) traditional equity
market,
bond market and credit factors; (2) dynamic stock size, stock value, stock momentum and currency carry factors; and, (3) a volatility factor specified as monthly returns from buying one -
month, at ‐ the ‐ money S&P 500 Index calls and puts and holding to expiration.
Given the recent volatility in the
bond market, we thought it was a good time to re-visit why we prefer
bond funds to
bond ETFs (we first wrote about this in the March 2013 in NoLoad FundX and Janet Brown wrote about it
on the Forbes Intelligent Investing blog that
month, too).
Last
month, for instance, Amazon.com went to the
bond market for the first time in 14 years, paying less than 0.75 %
on three - year notes while locking in rates of 1.3 % and 2.6 %
on five - and 10 - year debt respectively.
Emerging
market bonds suffered the worst, down over 4 %
on the
month.
Even with a slip of 3 bps to the cheaper since
month end, the high yield municipal
bond market tracked by the S&P Municipal Bond High Yield Index remains on track to making April the 17th consecutive month in a row where it has seen a positive monthly ret
bond market tracked by the S&P Municipal
Bond High Yield Index remains on track to making April the 17th consecutive month in a row where it has seen a positive monthly ret
Bond High Yield Index remains
on track to making April the 17th consecutive
month in a row where it has seen a positive monthly return.
In the past few
months, Ginnie Mae has homed in
on lenders whose mortgage
bonds have higher refinance rates than the rest of the
market.
The
bond market, which was already struggling to keep its head above water, took a dive after the FOMC minutes were released, as many investors took them to mean the central bank would begin cutting back
on its
bond buying program as soon as next
month.
But six
months later came the comeuppance in the
bond market, which had some knock -
on effects to the economy, but primarily was just a
bond market issue.
The interest rate
on these corporate
bonds is a «floating rate» based
on a
market - determined rate (the variable rate for a three -
month bank bill) plus a fixed interest margin of 4.25 %.
Which I understand and agree with, but if im currently averaging 5 %
on my
bond portfolio, all of it can be liquidated today, I don't need the money for the next 10 years and it takes the
market 6
months to resolve the credit issues, what is the downside to purchasing these instruments?
Following a public spat between capital
market regulator SEBI and insurance sector watchdog IRDA
on which of the two should regulate ULIPs that invest heavily in stock and
bond markets, the Finance Ministry last
month announced that the issue should be resolved by an «appropriate court.»