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14.08.26 - 17:14
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US Bond Sale Records Highest Yield Since 2001 (Bloomberg)
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The US government sold 30-year bonds at the highest interest rate in a quarter century, a testament to investors' demand for greater compensation to finance the nation's growing deficit.
Priya Misra, Portfolio Manager: Core Plus Bond Fund at JPMorgan Asset Management, discusses the bond market and how the Fed is digesting recent economic data. (Source: Bloomberg)...
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07.08.26 - 15:16
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Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss (ZeroHedge)
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Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss
As we noted in our preview, today's payrolls print was indeed "bad news is good news" as the surprise five-sigma miss (-23k) on payrolls (albeit with a drop in the unemployment rate) sent rate-hike odds reeling lower...
“History doesn't repeat, but sometimes it rhymes. For the third time in as many years, July jobs data saw a mid-summer loss of momentum. While incoming inflation data will be the ultimate arbiter, slowing jobs growth helps support a September hold,” says Lindsay Rosner, head of multi sector fixed income investing at Goldman Sachs Asset Management.
That helped smash Treasury yields lower, led by the short-end...
...which in turn crushed the dollar...
...lifting gold above $4350...
Some good news for Bessent, JPY is strengthening...
Stocks are also soaring, with Nasdaq leading the way...
Admittedly, as JPMorgan's Feroli flagged, technical effects such unwinding of World Cup-related hir...
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21.07.26 - 14:54
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JPMorgan-CEO Jamie Dimon: Würde keine Aktien oder US-Staatsanleihen zu derzeitigen Bewertungen kaufen (Cash)
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Laut JPMorgan-CEO Jamie Dimon unterschätzen die Investoren die derzeitigen Risiken im Markt... --- Zwar würde er eine einzelne Aktie in Betracht ziehen, wenn es sich um eine «hervorragende Investition» handle, doch den breiten Markt würde er bei den aktuellen Bewertungen nicht kaufen. Überdies warnte Dimon vor übertriebenen Erwartungen bezüglich Künstlicher Intelligenz. «Wird es sich so auszahlen, wie man es sich erhofft, und auch im erwarteten Zeitrahmen? Definitiv nicht», sagte Dimon. Er verwies diesbezüglich auf die Zeit der Evolution des Internets in den 1990er-Jahren. Grosse Pioniere wie Yahoo oder Netscape verschwanden, während spätere Marktführer wie Google und Facebook erst später auf den Plan traten..
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15.06.26 - 14:01
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Bond Market Reacts Cautiously to Iran Deal (Bloomberg)
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Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management, discussed the bond market's response following the recent Iran deal. While there is somewhat more clarity compared to earlier in the week, investors are awaiting the full text of the agreement to fully assess its implications. Despite a significant drop in oil prices, Treasury yields have declined only modestly, reflecting caution due to upcoming event risks, particularly the Federal Reserve's policy decisions. (Source: Bloomberg)...
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