TOPSHOT-US-ECONOMY-RATE-INFLATION United States Federal Reserve chair Jerome Powell gave the mortgage rate market hope this week. Despite robust U.S. economic numbers, it’s “unlikely that the next policy rate move will be a hike,” he told reporters Wednesday. Government yields took the hint, diving lower across the board. That’s good news for fixed rates in the
Bond funds dominated new mutual-fund issuances in the first quarter in China, as policy loosening hopes drove investors to haven assets as the nascent recovery in stocks remains fragile after an unprecedented three years of losses. Fixed-income products made up three quarters of the 243.4 billion yuan (US$33.6 billion) mutual-fund issuances in the first three
(Bloomberg) — David Roberts, a bond market veteran who built several billion-dollar funds from scratch over the past 27 years, is cutting his retirement short and buying debt again. His approach is “No AT1s. No CCCs.”” HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The co-manager of Nedgroup Investments’ global strategic bond fund, launched formally on Tuesday,