Frontier markets have embarked on aggressive policy shifts, and investors in local-currency bonds are starting to reap the benefits. Central banks across key frontier economies including Kenya, Nigeria and Egypt have hiked policy rates significantly in recent months, while also implementing steps to liberalise markets – such as Nigeria’s move to allow free trading in … Read more
U.S. Treasury yields climbed Thursday after hotter-than-expected wholesale inflation report worried traders about its potential impact on Federal Reserve policy going forward. Yields on the 10-year Treasury note rose about 11 basis points to 4.298%, while the 2-year Treasury yield was last at 4.69%, up about 6.5 basis points. Yields and prices move in opposite … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. Michael M. Santiago | Getty Images A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories. Why? There are a few reasons … Read more
Sonali Pier is a portfolio manager with Pimco Pimco’s Sonali Pier strives for outperformance. The youngest of three and the daughter of Indian immigrants, Pier set her sights on Wall Street after graduating from Princeton University in 2003. She began her career at JPMorgan as a credit trader, a field that doesn’t have a lot … Read more
Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million, without having to first put … Read more
When investors think of the financial markets, the first thing that likely comes to mind is the stock market. But there is a bigger, less-flashy counterpart to the equity market: the bond market. At the heart of the fixed income space lies U.S. Treasurys, one of the safest investments in the world. “We have not … Read more
Investors should move out of cash and into fixed income with some duration, said Franklin Templeton’s chief market strategist, Stephen Dover. “Inflation probably won’t get quite as low as market expectations and interest rates won’t drop quite as far as market expectations,” Dover said, adding that “this is is an opportunity, particularly in the fixed … Read more
U.S. Treasury yields declined Tuesday as investors considered economic data and the state of the economy. At 6:37 a.m. ET, the yield on the 10-year Treasury yield was down by over 2 basis points at 4.276%. The 2-year Treasury yield was last trading at 4.693% after dipping by more than 2 basis points. Yields and … Read more
New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more
Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan … Read more
