BlackRock: Front End of Curve is ‘Yield of Dreams’
While some pockets of fixed income could be a swing and a miss, BlackRock’s head of iShares Gargi Chauduri is calling the front end of the curve the ‘yield of dreams.’ Speaking with Bloomberg’s Jonathan Farro, Chauduri discussed the opportunity set for investors who can stomach the short-term volatility ahead.
State Street Positive on Emerging Market Debt
Last year, 90%+ central banks raised rates globally against inflation. State Street's Ben Luk sees potential in disinflationary markets like Latin America, particularly in attractive local currency sovereign debt, discussed on Bloomberg Daybreak: Asia.
Fixed Income News: PIMCO’s Ivascyn Has a Fed Warning, Nuveen Expects Yields to Fall, Vanguard Favors High Quality
PIMCO’s Dan Ivascyn tells Bloomberg TV that even if the Fed does pause hiking, it’s “dangerous to think they are done.” Nuveen expects “higher for longer” rates, but thinks yields will come down slightly. Finally, Vanguard writes that the global bond market is approaching cruising altitude.
Budget Debate: How 2023 Is Different
Except for a technical glitch in 1979, the U.S. has never missed payments on its debt. However, the resolution of the debt ceiling debate is complicated, and market participants across equities, fixed income and gold will be closely watching. CME Group Senior Economist Erik Norland discusses. View exclusive content and premium features Create a CME Group account
Park In Treasuries If US Defaults
Robert Tipp, Chief Investment Strategist at PGIM Fixed Income, advises investors to buy treasuries if politicians cannot resolve the debt ceiling issue in time because treasuries tend to perform well during crises and would likely experience increased demand if the US defaults on its debt.
Fixed Income News: BondBloxx Hits $1B AUM & JP Morgan Launches 3 Fixed Income ETFs
BondBloxx surpassed $1B AUM and formed a strategic partnership with Macquarie Asset Management, investors pulled $60 billion out of money market funds invested exclusively in T-bills and short-dated treasuries, and J.P. Morgan Asset Management is launching three new fixed income Betabuilders ETFs.