Know What's Happening in Bonds
Know What's Happening in Bonds
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
U.S. Treasury yields climb as strong jobs data dents Fed cut hopes
U.S. Treasury prices slipped after March employment numbers outperformed expectations, lifting yields by three to four basis points across the curve. The robust jobs report reinforced views that the labor market is stabilizing, prompting traders to discard bets on a Federal Reserve rate cut this year and now anticipate rates staying steady.
The Iran‑Israel conflict sent crude above $110 a barrel, prompting the U.S. 10‑year Treasury yield to slip to 4.30% from 4.32% as investors reassessed inflation and growth risks. The move sparked a broader sell‑off in sovereign and corporate bonds worldwide.
Inflationary regime... stocks & bonds moving together JPMAM While that means less diversification, it also means higher bond yields vs the 2010s.. when bonds zigged when stocks zagged... it's a trade-off. https://t.co/VNDHInIcmI
Eaton Vance Municipal Income Trust (EVN) earned a buy rating for investors seeking federally tax‑free income, delivering a 5.9% annual yield paid monthly. For taxpayers in the 30%+ bracket this equates to an 8‑9% taxable‑equivalent return. The fund’s portfolio is...
The Securities Industry and Financial Markets Association (SIFMA) told dealers to confine dollar‑denominated bond trades to the 12 pm‑4 pm New York window, citing thin liquidity ahead of the March payrolls release. Futures on the S&P 500 and Nasdaq fell 0.2‑0.3%, while the 10‑year...
China has accelerated the sale of its U.S. Treasury bill holdings, dropping from $682.6 bn in November 2025 to $633.4 bn—a $50 bn decline in four months and the lowest level since 2008. The sell‑off follows a pattern of larger drawdowns during the...
Freddie Mac said the benchmark 30‑year fixed mortgage rate jumped to 6.46% from 6.38% last week, its highest level since early September. The rise mirrors a lift in the 10‑year Treasury yield to 4.3%, underscoring tighter credit conditions for homebuyers...
While the combination of tariffs and spending cuts in 2025 proved net disinflationary (benefiting USD bond markets), the current dramatic neo-con shift under the Trump administration is the exact opposite - inflationary and negative for bonds
The Angel Oak Mortgage‑Backed Securities ETF (ticker MBS) has emerged as a standout pure‑play vehicle for residential mortgage credit. Early April 2026 sees the fund navigating heightened volatility as geopolitical tensions, notably the Iran conflict, have nudged Treasury yields up...
The authors analyze 75,000 sovereign bond auctions from 20 emerging‑market economies (2000‑2023) to uncover how timing decisions differ by currency. Local‑currency issuances closely track refinancing needs, while foreign‑currency issuances are driven by global financial conditions, investor sentiment, and terms‑of‑trade shocks....
Fixed income: The YTM matters greatly.. 89% r-squared in terms of determining your 5-year return JPMAM https://t.co/b6f4gSRgeA
The episode examines the resilience of the sub‑sovereign and supranational bond market amid Middle‑East tensions, highlighting strong issuance and investor demand for AAA‑rated public‑sector bonds despite rising yields. Hosts discuss recent deals across Europe and New Zealand, noting that issuers...
Thailand’s corporate bond market faces a liquidity crunch as roughly $18.5 billion in bonds will mature over the next three quarters, according to the Thai Bond Market Association. While investment‑grade issues dominate, about $1.4 billion of lower‑rated and unrated debt is especially...
History says spreads peak 5-7 months after recessions start. Not before. By the time the NBER calls it, the move is done. $JOJO uses leading signals, not lagging labels. https://t.co/aEqM5MShko
Morningstar DBRS assigned an A (low) issuer rating and a matching A (low) rating to CoreWeave Compute Acquisition Co. VIII’s $8.5 billion senior secured delayed draw term loan facility, with a stable trend. The loan finances the acquisition, installation, and operation...
Chinese government bonds emerge as lone war haven. More on this in today's version of the Chartbook Top Links. https://t.co/jQYKfLr6kx
