Treasuries

Billionaire investor Bill Ackman has attributed the recent dramatic volatility across rates, currencies, and equities to “forced selling” by highly leveraged market participants, rather than fundamental economic shifts. What Happened: In an X post, Ackman argued that investors and...

As President Donald Trump unveils his economic plans, it is becoming clearer that tariffs are central to his strategy of pursuing growth without inflationary implications. Craig Shapiro, a macro strategist at the Bear Traps Report, argues that tariffs are the “only way” to fund tax cuts...

As U.S. Treasury yields approach the psychological 5% mark which it last saw briefly in 2023 and during the global financial crisis in 2008, analysts seem less concerned, calling this yield convulsion an overreaction. What Happened: The U.S. 30-year Treasury yielded 4.95% by the end of the trading...

It’s been a wild ride for long-term Treasury ETFs lately, and it's looking like they might have hit a rough patch. Following months of declining interest rates, yields on U.S. Treasurys reversed course in October, and the charts are now flashing a warning: the dreaded Death Cross is looming....

U.S. Treasuries are poised to come in even despite having a very volatile first six months of 2024. A Bloomberg index of returns in this bond market has declined a mere 0.1% for the year. It fell as much as 3.4% in April. The rebound indicates that investor outlook might be positive in light of...

Investors looking for alternate investments to stocks during the period of high inflation and recession worries were turning to 10-year and 30-year treasuries. A money manager has liquidated treasury holdings, driven by a fresh wave of optimism about economic growth. What Happened: Investors and...

The U.S. Treasury is expected to confirm next Wednesday, Jan. 31, further increases in government bond supply in its first quarterly refunding announcement of 2024. But is demand sufficient for the government to auction the debt at top prices and comfortable yields? Treasury demand dropped off...

The Federal Reserve delivered what the markets wanted on Wednesday — its cycle of rate hikes is likely over and rate cuts can be expected in 2024. Market reaction on Thursday continued to express investors’ delight that the six-week rally in equities can now be extended. Effectively pivoting...

Treasury auctions are coming under scrutiny for the latest signs of stress in the government bond market. What Happened: The U.S. looks to raise higher levels of capital in fixed-income markets next year. Yields spiked to 16-year highs in October as higher interest rates and the absence of some...

The U.S. repo market has come under the spotlight in the past couple of days as surging short-term interest rates are causing some stress for overnight funding on Wall Street, reminiscent of the 2019 funding crisis. A repo — or, to give its full name, a repurchase agreement — is an overnight trade...

U.S. government bonds are on track for their best month in nearly 40 years following a summer and early autumn sell off that saw foreign buyers all but desert the Treasury markets. The dramatic turnaround in November came as Treasury yields dropped from 16-year highs — with the benchmark 10-year...

Foreign buyers of U.S. government debt are drying up as investors look for higher yields. Data from the Treasury Department showed that foreign buyers, including central banks, financial institutions and private investors, were net sellers to the tune of $1.7 billion in September. The first time...

What Happened: Notable economist Mohamed El-Erian took to Twitter on Tuesday to highlight the recent downturn in yields and oil prices. He notes that this trend could be beneficial for the economy and most financial asset classes. However, he cautions that these advantages may...

Hedge funds have been on the wrong side of the Treasury market, at least lately. According to Bloomberg, they extended their short positions on Treasuries to a record high just before smaller-than-expected U.S. bond sales and disappointing job data ignited a bond market rally. U.S. long-dated...

Economist Peter Schiff has fired a warning shot at investors, drawing parallels between the current market conditions and the 1987 stock market crash. What Happened: In a recent tweet, Schiff compared the current rise in Treasury yields to the situation in 1987 when the yield on 10-year Treasuries...