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...Yields on Treasury bonds rose sharply on Thursday afternoon, after a particularly poor auction for 30-year bonds. The 30-year yield rose by 0.12 percentage points to 4.78 per cent....
...Erkan’s rate rises sparked a sell-off in Turkish government bonds, sending yields rising and heightening their allure for foreign fund managers....
...rose sharply above the 1.64 per cent yield of the portfolio....
...More puzzlingly, the correlation of private debt to high yield is an inexplicable 0.3!...
...Despite selling pressure from international investors worried about defaults, demand from Chinese buyers has pushed the average yield on debt in the iBoxx China LGFV high-yield dollar bond index down about...
...California-based Franklin, with $1.4tn in assets, experienced almost $7bn in net outflows in the latest quarter largely due to underperformance in its Western Core Plus fixed income fund, which was caught...
...If the pattern continues for the full year, the lender will not have commanded such a high share of industry profits since 2009, when many banks were still recovering from the financial crisis....
...For the first time in what feels like a long while, 10-year US yields did not post a multi-decade high yesterday. They fell 9 basis points instead....
...Investors also started to question multi-manager funds’ high fees and demands to lock away cash for years....
...The California Public Employees’ Retirement System has named Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, as its chief investment officer...
...For the hedge fund, it’s a cash cost. You’re underperforming. How long can you underperform before you get fired? The reason yield curves don’t last for ever is people lose money and get fired....
...Pension funds are the biggest group of investors in the high-yield private credit market, driven by a desire to diversify away from government bonds, which have been hit in recent years by the prospect of...
...Data on Thursday from the Investment Company Institute showed money market funds, which can now yield upwards of 5 per cent for investors, took in $64.1bn for the week ending October 4, bringing the industry...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...fund....
...Franklin Templeton has agreed to buy rival Putnam Investments for more than $1bn as the California-based asset manager continues its expansion into alternative products and retirement plans....
...Lower yields on ultra-safe US Treasury debt have made other assets relatively more attractive to investors....
...In other words, that double-digit-basis-point jump in the 2-year Treasury yield — and the slower pace of rate increases priced into fed funds futures markets — might be warranted....
...And high-tax payers will put it into general municipal bond funds....
...BEN will issue 33.3M shares of stock to fund the deal (based upon 5/30 share price)....
...Once an investment backwater, infrastructure became a favoured area for pension funds looking for yield and protection against market volatility....
...Sonal Desai, chief investment officer for Franklin Templeton Fixed Income, said: “We’re back in a situation where good news will be bad and bad news will be good....
...Besides the effects of high bond yields, global stocks have also come under pressure in recent weeks from the war between Israel and Hamas....
...But I wonder if you can see something like what has happened to equity funds happening to fixed income funds, as technology becomes more sophisticated....
...The sell-off in US government bonds, which took yields on long-term debt to a 16-year high at the start of this week, continued....
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