Turkey’s lira-denominated bonds erased their year-to-date losses after a court’s decision to postpone its ruling on the country’s opposition leader spurred a rally of over 3% in just two days https://t.co/G4N08QWIaT ...

WELCOME TO "BLOOMBERG ETF IQ. " I'M SCARLET FU. KATIE: I'M KATIE GREIFELD. REMARKABLE TURNAROUND FOR STOCK SPLIT KATIE: IT HAS BEEN STUNNING. THE MORE THAN $15 TRILLION GLOBAL ETF INDUSTRY, WITH THE FIRST HALF OF 2025 NEARLY IN THE BOOK, STOCKS AT AN ALL-TIME HIGH. S&P 500 ON PAYS FOR ITS BEST QUARTER SINCE DECEMBER 2023. SCARLET: WITH TWO-YEAR YIELDS AT LOWS, WE LOOK AHEAD AT WHAT IS IN STORE FOR THE BOND MARKET RICK RIEDER OF BLACKROCK. KATIE: AND THE NEXT GENERATION OF CRYPTO FUNDS EDGING CLOSER TO AVAIL ...

Billionaire Gautam Adani’s conglomerate plans to raise about $351 million through long-term local currency bonds, sources say, the latest in a string of recent debt raises by the company https://t.co/Ks4q108DJ4 ...

Overseas investors finally soured on South Korean bonds, trimming holdings after the longest run of inflows in almost two decades https://t.co/lzVzcOdhxG ...

🔥 NOW: Metaplanet issues another ¥30B ($208M) in 0% bonds to buy more Bitcoin. https://t.co/b3IUGi1OLW ...

Financial Performance - The Ritz-Carlton Yacht Collection bonds plunged after the cruise line indicated it's unlikely to generate positive earnings until 2027 [1] Company Performance - The Ritz-Carlton Yacht Collection, a yacht company backed by Oaktree, faces financial challenges [1]

Tiffany McGhee, CEO of Pivotal Advisors, and Meghan Shue, Head of Investment Strategy at Wilmington Trust, say investors should rebalance, favor healthcare and bonds, and stay invested. ...

Market Risk & Investment Strategy - Markets are showing very little risk priced in, with investors chasing riskier assets like unprofitable mid-cap growth stocks and European equities [3] - High yield bond spreads are below 3%, suggesting markets are calling an "all clear," but the firm believes risk management is crucial [4] - The firm favors high-quality stocks with strong earnings potential, good ROE, and ample cash, finding opportunities in both growth sectors and defensive sectors like health care and utilities [5] - The firm suggests trimming risk and finds elevated yields in bonds attractive, viewing stocks as priced for perfection and bonds as mispriced for a disinflationary, slower growth environment [7] - The firm recommends "legging into duration" in fixed income, focusing on the intermediate part of the curve (around 6 years) with investment-grade corporate bonds and treasuries [17][18] - The firm advises fading the momentum-driven rally in growth stocks and European equities, redeploying capital into high-quality US stocks at reasonable prices [20] Economic Outlook & Fed Policy - US economic growth is not terrible but data has been disappointing, with cracks appearing in the labor market and consumer pressure evident in retail sales [6][7] - The firm believes the Fed may consider cutting rates more aggressively than markets expect later in the year, especially if disinflation continues [16] - Housing and shelter disinflation is slowing, potentially offsetting inflationary impacts of tariffs [12][13] - Elevated mortgage rates (around 7%) and high levels of credit card debt and auto loans are creating a self-limiting mechanism that could push growth lower [14] - The firm anticipates bond yields falling across the curve as growth decelerates and disinflation sets in [23]

Bond Market Dynamics - The bond market is experiencing uncertainty due to government borrowing, trade wars, and tax cuts [2] - Long bonds, particularly those maturing in 30 years or more, are at the center of concerns [4] - Volatility in the bond market has increased, with yields on long bonds spiking above 5%, nearing the highest since 2007 [6] - Investor demand for long bonds has disappeared, resembling the volatility of meme stocks or crypto [13] Fiscal Policy and Debt - The US is projected to incur another $22 trillion deficit over the next 10 years [3] - Concerns about fiscal spending are driving long-term interest rates up, requiring higher yields to compensate for risk [14] - Government fiscal deficit problems are a ticking time bomb, leading to higher, longer-term yields [22][23] Global Implications - A global movement of rates higher has been observed [18] - Volatility in long-term bonds poses a problem for governments, as investors demand higher yields [20] - Higher yields will affect housing affordability, auto loans, student loans, and credit card rates [21] - The selloff in longer term bonds shows investors that major governments have a huge fiscal deficit problem [22] Long Bond Specifics - Long bonds were popular when investors sought decent yields due to near-zero or negative interest rates in Europe and Japan [8] - Austria Century Bonds, maturing in 2120, have seen their price fall about 75% from their peak in 2021 [12] - Rising long-end yields have increased by some 50 basis points, signaling potential financial stress [7]

Colleges Big And Small Issue Bonds Amid Political Chaos And Trump’s Higher Ed Assault https://t.co/dof2Ndd74o https://t.co/qo0XSeQ5PE ...