@fennec You make a good
point about bond ETFs, as one concern is having quick access to your money when saving for a purchase in the near term.
Not exact matches
On Wednesday afternoon, the benchmark U.S. 10 - year
bond was yielding 2.35 per cent, up 15 basis
points from before the Fed statement and up sharply from
about 1.6 per cent at the beginning of May.
Investment - grade corporates pay
about two percentage
points more than short - term government
bonds, and they're less risky than they used to be.
Long - term
bond rates have risen
about one percentage
point since then, and that has caused
bond values to fall.
People are worried
about bond market liquidity, is the
point I'm trying to make here.
I'm probably being a little too critical
about the percentages — but [the
point is] in this kind of slow - growth environment, having a broad diversification of stocks and
bonds doesn't work as well.
I just think there are a few things
bond investors need to understand
about longer maturity
bonds, so I was
pointing out the possible risks.
Because most wealthy Chinese seem to think
about RMB in terms of USD or Hong Kong dollars, it is the fear that any depreciation of the RMB against those two currencies (the Hong Kong dollar is pegged to the USD through a modified currency board) greater than the couple of percentage
points interest rate differential would yield less than equivalent USD or Hong Kong dollar
bonds.
This makes sense given how
bonds are structured, but I think many investors miss this
point when they worry
about the potential risks from rising interest rates.
To your
point about Municipal
Bonds, my concern is tax reform.
The spread between Australian and US
bond yields has contracted from nearly 450 basis
points at the beginning of the 1990s to an average of
about 25 basis
points more recently.
The BofA Merrill Lynch high - yield index is trading at roughly 600 basis
points versus government
bonds, but if energy, metals and mining is excluded, it's
about 80 basis
points less in terms of spread.
Foster says, «Many people
point to the 2008 - 2009 downturn as evidence that
bonds will save you during downturns, but what
about the 5 years since then?
Bonds seem as yet unable to see what the fuss is all
about, but at this
point it is important to ask ourselves whether the equity market sell - off is going to bleed into the fixed income world anytime soon.
Strategic Total Return continues to carry a duration of
about 3.5 years in Treasury securities (meaning that a 100 basis
point move in interest rates would be expected to impact the Fund by
about 3.5 % on the basis of
bond price fluctuations), and holds
about 10 % of assets in precious metals shares, and
about 5 % of assets in utility shares.
For borrowers, leveraged loans offer two significant advantages over high - yield
bonds: They are cheaper, by
about 100 basis
points on average at the moment.
The recent widening of this spread is, of course, much smaller than was seen in 1994 in the previous episode of globally rising
bond yields, when the yield on 10 - year
bonds in Australia moved from 1 percentage
point to
about 3 percentage
points above the comparable US yield.
For «A» rated corporates, the spread over government
bonds of comparable maturity is currently
about 100 basis
points, which is noticeably wider than a couple of years ago (Graph 32).
At this
point I want our investors to think
about conservation of capital, I want them to think
about being wary
about these markets, I want them to investigate less volatile places in the market like higher - grade corporate
bonds.
The rise in Canada has been a bit more muted — at
about 60 - 70 basis
points — says Gulati, because Canadian
bonds were offering better returns to begin with and «the U.S. has more upward room to go.»
As we
pointed out in our post last week, a withdrawal rate strategy should respond to market factors like equity valuations and
bond yields as well as personal factors like age, retirement horizon, and expectations
about pension and Social Security benefits.
For now, the Strategic Total Return Fund continues to carry a limited duration of
about 2 years (meaning that a 100 basis
point move in interest rates would be expected to impact the Fund by
about 2 % on the basis of
bond price fluctuations), mostly in Treasury Inflation Protected Securities.
Bond yields in Japan have increased by
about 110 basis
points since mid year, to 1.5 per cent.
The spread between Australian 10 - year
bond yields and comparable US yields narrowed from 250 basis
points a year ago to
about 100 basis
points at present (Graph 30).
In early August, the margin of 10 - year
bonds in Australia over 10 - year US Treasuries was
about 20 basis
points, still well below the historical norm.
On the other hand, Craig Johnson, chief market technician at Piper Jaffray said: «I feel even stronger
about our year - end call of 3, 3.25 [percent] in the 10 - year
bond yield at this
point.»
Strategic Total Return continues to carry a duration of
about 3 years in Treasury securities (meaning a 100 basis
point move in interest rates would be expected to impact Fund value by
about 3 % on the basis of
bond price fluctuations), with
about 10 % of assets in precious metals shares, and
about 5 % of assets in utility shares.
Each leg of Wednesday's transaction, which sent Canadian
bond futures tumbling, represented
about $ 820,000 of risk per basis
point.
He might not be wrong
about the old guard's opinions, either: earlier this spring, Hank Aaron himself said he was rooting for Rodriguez to succeed in his return to the game, and Aaron is often the guy who is
pointed to as the real home run king given
Bonds» own past.
Even if your little one may not understand what you're singing
about, Psychology Today
points out that singing is a brilliant way to strengthen the parent - baby
bond!
Robin Kaplan:... you know, you bring... you both bring up a very good
point, of this sense of relaxation and that's because breastfeeding stimulates the release of a hormone called Oxytocin and what that is, is not only does it you know, stimulate uterine contractions, which we'll talk
about in Mother's Health and things like that, but it also promotes the development of maternal behavior and
bonding.
SUNNY GAULT: That's a really good
point because as I mentioned I'm still breastfeeding my twins and I think
about weaning with them so we don't worry
about the pump, but most of my concerns with weaning is going to come from, you know what their needs are and how do you separate that
bond, you know, that you have with when you're breast - feeding, so that's a really, really good
point doesn't mean that weaning from the pump is easy.
Many of the
points mentioned like verbal abuse, emotional neglect, favouritism towards brother, making the child feel worthless, comparison with other children, complaining
about me to outsiders, stingy
about pocket money and the consequences of low self - esteem, inferiority complex, loneliness, problem in social
bonding - I faced it all.
«The key
points about the recent $ 2.25 billion
bond issued by the NPP government; the
bond was virtually participated by only two investors.
Raising a
Point of Order on the floor of the Senate on Wednesday, the lawmaker disclosed that
about $ 5.5 bn was borrowed from euro
bond, wondering how the loan has been of benefit to the Nigerian youth.
Viggo Mortensen, legendary Remington Steele turned James
Bond Pierce Brosnan, and David Harbour from Stranger Things were all talked
about at some
point, too.
I'm not too concerned
about that, since I think they have it well in hand, and even if they do screw it all up at some
point, I've still got 20 awesome
Bond films to keep me going.
Another refreshing aspect of Baumbach's Gerwigification is that both Frances Ha and Mistress America are primarily
about the relationship between women (though Baumbach
points out that Margot at the Wedding also turns on the frayed
bond between sisters).
An encounter with M (Ralph Fiennes) is a cold, stilted affair that seems more
about ticking off plot
points — namely,
Bond's suspension and the introduction of C (Andrew Scott), the new head of the joint security service — than it is with creating a flowing scene.
That the iconic super-spy playboy is almost certainly simply playing verbal cat - and - mouse is beside the
point: in that moment you could not stop thinking
about Bond banging dudes, and that is excellent.
If the film says little more
about «craziness» beyond
pointing out its inherent connection to the
bonds of imposed social order, it does so in purely cinematic terms.
At this
point I wish they'd just reboot
Bond with someone we've not talked
about yet, with a new director — Christopher Nolan is game — and start a whole new series.
Besides allowing for another round of winks at the obsolescence of the
Bond brand, this particular plot
point permits Spectre to draw some curious ideological lines, condemning drone warfare and government surveillance while waxing nostalgic
about the good ol' days of Cold War assassination plots.
And if you look at a common gauge of future inflation expectations — the difference between the yield on long - term Treasury
bonds and that of Treasury Inflation - Protected Securities, now
about 1.8 to two percentage
points — investors apparently believe inflation will continue to mosey along at a relatively sluggish rate well into the future.
On the last
point about the increase in the debt, what is missed is that a lot of the government debt increase is hidden by the non-marketable Treasury
bonds held by the entitlement programs.
He has been vocal
about reducing stimulus purchases of Treasuries and mortgage - backed
bonds,
pointing to recent positive news on the recovering housing market.
Strategic Dividend Value is hedged at
about half the value of its stock holdings, and Strategic Total Return continues to hold a duration of just over 3.5 years (meaning that a 100 basis
point move in interest rates would be expected to impact Fund value by
about 3.5 % on the basis of
bond price fluctuations), with less than 10 % of assets in precious metals shares, and
about 5 % of assets in utility shares.
«We're talking
about 30 years where
bonds outperformed stocks, even though if you go back 60 or so years, stocks outperformed
bonds by two percentage
points.»
These large single - day declines occurred after stocks were already down
about 10 % -15 % since early May, so I felt sufficiently motivated to do some exchanges from money market and
bond funds into stock funds, even though my overall stock allocation was only 2 or 3 percentage
points below its target level.
The spread between the 10 - year nominal
bond and the 10 - year Treasury Inflation Protected
bond - the markets estimate of annual inflation over the period - is
about 250 basis
points, up 50 basis
points from a year ago.