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...Bond fund giant Pimco is holding a smaller than usual position in US Treasuries and prefers the bonds of countries such as the UK and Canada, as it believes inflationary pressures may lead the Federal Reserve...
...This means that if a bank lends cash to a hedge fund in exchange for temporary ownership of a Treasury bond, and the value of the bond decreases just as the hedge fund defaults on the trade, the bank loses...
...Believers in efficient markets might predict that variations that affect the likelihood of repayment in such obscure contract terms will be priced at the outset if there are profits to be made by exploiting...
...Expectations of how many rate cuts will occur this year swing back and forth in the constant game of forecasts that now change daily, depending upon which commentator you follow....
...That observation came to mind when we saw El Salvador’s bond sale last week....
...Fitch cut its rating on the bonds to BB+ from BBB- just five weeks before voters will choose a new president....
...The bond’s guaranteed principal payment is expected to be AAA-rated by S&P, according to the World Bank. The bond will be listed on the Luxembourg Stock Exchange....
...European stocks and bonds fell on Thursday morning ahead of the European Central Bank’s policy decision and press conference, which traders will be scrutinising for signals on when European borrowing costs...
...Sotheby’s will be banking on the fact that there isn’t much overlap between the buyers of esoteric ABS issues and European junk bonds, with investors in the former tending to be more focused on the underlying...
...As I said, no bad bonds, just bad prices. [Meanwhile, the rest of the bond universe] isn’t going to go anywhere. The idea that the Fed will cut six times or three times this year is done....
...Barclays offers its own “four-pillar framework” for improvement: What isn’t obvious is whether any of this will make the trains run on time, or why it should be expected to....
...And negotiations will probably still be “guided by contextual, case-by-case considerations”, says JPMorgan, meaning they’ll continue to be idiosyncratic and complex (read: long)....
...And that will be dictated by estimations by the IMF and others about how much postwar debt relief Ukraine will need....
...So that’s not an easy one to estimate, I will say. But what we see is clearly and you already see that as well partially in 2023....
...Big investors are selling US Treasuries and buying European government bonds, betting that cooler inflation in Europe will allow its central bank to start cutting interest rates sooner than the Federal Reserve...
...Eurozone stocks and bonds rallied slightly after fresh data showed that inflation had fallen more than expected in March, boosting hopes that the European Central Bank will start cutting interest rates as...
...Traders in swaps markets are now betting that the Bank of England will deliver only two quarter-point cuts to the interest rate by the end of this year from a current level of 5.25 per cent, down from an...
...Flows into passive funds may indicate that a net supply of “alpha” has diminished and that, consequently, outperformance will become even harder for active managers....
...While this is lower than last year’s increase, it will be more weighted to longer-dated bonds, which are riskier for investors and harder for markets to digest....
...Wall Street stocks held steady in early trading and US Treasuries sold off as traders scaled back their bets on how many times the Federal Reserve will cut interest rates this year....
...Or will the producers prevaricate, and find James Bond becoming, like Ripley, almost unwatchably bland?...
...Government bonds rallied in Europe after a poll showed investors have become more optimistic about the prospect of an economic rebound in Germany....
...The company has been contacted for comment; we will update the post when it responds....
...a bond of anything approaching that magnitude”....
...Many believe that regional economies that are performing slightly better than feared means a more painful recession can be avoided, while falling inflation will allow central banks to cut interest rates,...
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