Fixed Income News Results

  • Bond investor says negative yields are 'most absurd thing central banks have done'

    Marathon Asset Management CEO Bruce Richards said government bond yields trading at negative levels "is the most absurd thing central banks have done and it will blow up in their face," at the CNBC Institutional Investor Delivering Alpha conference on Thursday. Ultra-loose monetary policy by major central banks including, the Bank of Japan and the European Central Bank, have contributed to the phenomenon of government bond rates falling below subzero levels.

  • U.S. government bonds hold steady a day after Fed's rate cut

    OECD forecasts slower global economic growth. Treasury yields were virtually unchanged Thursday, a day after the Federal Reserve cut interest rates, with divisions within its rate-setting ranks, casting doubt on the Federal Open Market Committee's appetite for quantitative easing and further interest-rate reductions. The perception that Wednesday's Fed policy decision was hawkish was expected to lend some support to bond prices, nudging yields lower, but government...

  • Trend-following bond traders get fingers burned as Treasury yields surge

    The SG Trend Index is down 6.3% since last Tuesday. A jump in Treasury yields this month appears to be causing pain for trend-following traders who had previously benefited from this year's bond-market rally. Commodity trading advisors and other players that bet and surf on the continuation of price trends have taken full advantage of the bond-market's rally year-to-date, even as more skeptical analysts maintained that the plunge in Treasury yields was unsustainable given...

  • Short-term Treasury yields pare decline after Fed divided on need for further rate cuts

    Powell says possible need for Fed balance sheet growth "sooner than we thought". Treasury yields came off their intraday lows on Wednesday after the Federal Reserve cut interest rates but it's policy statement highlighted the divisions within its policy making committee on the need for additional rate cuts after September. The U.S. central bank, as expected, cut its fed funds rate target by a quarter percentage point to a range between 1.75% to 2.00%.

  • Treasury yields remain lower as Fed cuts rate by quarter point

    Treasury yields remained lower after the Federal Reserve cut its benchmark interest rate by a quarter point to a range between 1.75% to 2.00%, as expected. The 10- year Treasury note yield slipped 5.3 basis points to 1.761%, while the 2- year note yield was down 4.9 basis points to 1.688%. Bond prices move in the opposite direction of yields.

  • Bond King Gundlach says this contradiction in stock and bond markets is 'danger signal'

    Bond market telling a different story than stocks. Bond-market guru Jeff Gundlach says he's watching a few areas of the market to gauge whether the current bullish dynamic is starting to unravel in earnest. On Wednesday afternoon, during a CNBC interview, he said that he's sees some early cracks that are worth investors' attention.

  • Treasury yields fall as Fed meeting gets underway

    Treasury yields retreated on Tuesday as investors geared up for the Federal Reserve's policy decision on Wednesday, from which a quarter percentage point interest rate cut is expected. The 10- year Treasury note yield slipped 3.8 basis points to 1.805%, while the 2- year note rate fell 3 basis points to 1.735%. The 30- year bond yield shed 3.9 basis points to 2.272%.

  • Energy junk bonds see bounce following Saudi oil-facility attack, soaring crude prices

    Energy nearly half of 2019' s U.S. high-yield bond, loan defaults. Bonds issued by embattled U.S. energy companies with sub-investment-grade ratings saw a major boost Monday after oil prices spiked following Saturday's attack on Saudi Arabia's oil production facilities. Energy company defaults have weighed down the U.S. high-yield bond market all year as companies have struggled to balance slower global growth and heavy debt loads.

  • Treasury yields slump after Saudi Arabian oil facilities hit by drone attack

    Treasury prices climbed on Monday, pushing yields lower, after an attack on Saudi Arabian oil-production facilities sent crude futures skyrocketing and investors turning to assets considered havens. The 10- year Treasury note yield fell 5.8 basis points to 1.843%, its biggest daily drop in three weeks. The 2- year note rate declined 3.6 basis points to 1.765%, while the 30- year bond yield tumbled 6.3 basis points to 2.311%.

  • Gold settles at a more than 1-week high as historic oil outage rattles investor nerves

    By Myra P. Saefong and Mark DeCambre, MarketWatch. 'Safe haven interest will not wane quickly' for gold: analyst. Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals.

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