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Debt-Limit Standoff: 3 Favorite Hedges For Bond Investors Seeking Shelter From Crisis
Friday, May 12, 2023 - 12:56pm | 398The latest FX & Rates Survey from Bank of America reveals that bond investors are hunting for long-dated Treasuries, put options on the stock market, and long positions in the Japanese Yen (JPY) versus high-beta currencies to shield themselves from the dangers connected with the U.S. debt limit...
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3 Alarming Charts: US Yield Curve Mirrors 2008 Subprime Crisis As Default, Recession Worries Mount
Thursday, May 11, 2023 - 11:41am | 631The U.S. Treasury yield curve entered an unprecedented state this week, with one-month yields rising above three-month yields for the first time since the subprime mortgage crisis, due to investors' mounting concern about the U.S. debt ceiling situation. The yield differential...
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Paul Krugman's Debt Ceiling Fix: Trillion-Dollar Coin Or Premium Bond Strategy
Thursday, May 4, 2023 - 3:59pm | 667Nobel Prize-winning economist Paul Krugman claimed that issuing premium bonds or minting a $1 trillion platinum coin will break the impasse in raising the U.S. Treasury's debt ceiling. Krugman stated in a tweet that there are four different ways that the debt...
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US T-Bill Yields Surge As Debt-Ceiling Concerns Fuel Investor Anxiety, Default Insurance Costs Reach 2009 Highs
Tuesday, May 2, 2023 - 8:58am | 533U.S. Treasury bills, also considered the world's safest asset, are having a deeply negative trading session on Tuesday, May 2, as the yield on the three-month T-Bill skyrocketed 18 basis points to 5.23% amid growing concerns that the U.S. government will run ...
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Janet Yellen Warns The US Government Could Run Out Of Money June 1, Calls On Congress To Raise Debt Limit
Monday, May 1, 2023 - 7:30pm | 392U.S. Treasury Secretary Janet Yellen warned Monday afternoon that the government’s debt-limit measures may be exhausted by June 1, meaning the government would be out of funds to keep services such as Social Security running. Yellen called on Congress to raise the debt limit, to ensure...
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Treasury Yields Rise On Stagflation Threats: Investors Flock To Long-Term Treasury ETFs Expecting Weaker Growth Ahead
Thursday, April 27, 2023 - 1:12pm | 532Thursday is a negative session for U.S. Treasuries with yields markedly rising across all maturities of the yield curve. The yield on the 10-year benchmark surged back above the 3.5% level, up 6 basis points, while the yield on the two-year note increased to 4.06%, up 10 basis...
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The Next Big Short: Hedge Funds Place Record Bearish Bets On US 10-Year Treasuries
Monday, April 24, 2023 - 10:34am | 558Hedge funds went "all-in" against U.S. Treasuries as they placed their largest-ever short bet on the 10-year Note benchmark. Latest positioning statistics from the Commodity Futures Trading Commission (CFTC) on commitments of traders revealed that hedge funds' net...
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Economic Alarm Bells: A Recession Indicator Just Hit Levels Not Seen Since 1982
Wednesday, April 19, 2023 - 11:34am | 622The likelihood of a recession in the United States within the next year has risen to almost 58%, the highest level since August 1982, according to the New York Federal Reserve. The recession-risk indicator is now greater than it was in November 2007, just before the subprime-Lehman...
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Rising Rates: A Better Outlook For Savers
Thursday, April 13, 2023 - 5:54pm | 1227By Brennan Zizzi Recently, we have noticed a continued trend of banks being extremely slow to raise the interest rates on their traditional checking and savings accounts, especially for their already existing customers. This is costing people thousands of dollars a year in lost interest depending...
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March Purchasing Managers Index Falls More Than Expected: US Yields Tumble
Monday, April 3, 2023 - 10:57am | 435Economic activity in the manufacturing sector fell for the fifth month in a row in March, according to the latest Manufacturing Institute of Supply Management (ISM) Report On Business released Monday. The March Manufacturing PMI came in at 46.3, the lowest since May 2020, down from 47.7...
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Why Silicon Valley Bank Collapsed: A Simple Explainer
Monday, March 13, 2023 - 12:13pm | 932Almost everyone has heard by now that one of the biggest banks focused on serving startups and innovative tech companies collapsed in a matter of days, but a lot of things played into its eventual destruction. Here's a look at what ultimately led the U.S. government to step in over the...
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Janet Yellen Shoots Down 'The Big Coin' That Could Possibly Solve America's Debt Problem
Monday, January 23, 2023 - 3:07pm | 759As the U.S. approached its debt ceiling, the self-imposed limit of the amount of money the country can borrow, Congress remained unable to come to a compromise to keep the government wheels turning. A proposed solution reemerged throughout different economic and political circles:...
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Looking To Play The SPY For More Downside? This Bond ETF Offers Bears An Alternative
Monday, September 20, 2021 - 3:41pm | 534Ishares 20+ Year Treasury Bond ETF (NASDAQ: TLT) was trading up over 1% higher Monday due to its inverse correlation to the SPDR S&P 500 ETF Trust (NYSE: SPY). The fund tracks a market-weighted index of debt issued by the U.S. Treasury with maturities of 20 years or more. Traders may choose to...
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The Amount Of Money In Taxes Lost Annually May Shock You
Wednesday, September 8, 2021 - 5:41pm | 385The U.S. has a tax gap. According to a Tuesday report from the Department of the Treasury, the difference between tax dollars owed and collected amounts to $600 billion annually. What Happened: That means that over the next 10 years, $7 trillion in tax revenue will have been...
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Strong Month; Weak Finish: Stocks, Treasury Yields Under Pressure In Early Friday Trading
Friday, July 30, 2021 - 10:13am | 2489The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Whether you’re running for the gold medal in Tokyo or running for honor in the three-legged race at the summer barbecue, it’s...