Bob Michele, global head of fixed income at JPMorgan Asset Management, explains the factors he sees creating "nice" tailwinds for the bond market. ...

NEW YORK (AP) — Wall Street kept calm Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks ticked higher. The S&P 500 rose 0.7%. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average added 230 points, or 0.5%, and the Nasdaq composite r ...

Any sign that the Treasury might significantly increase the sizes of its future note and bond auctions could rattle traders. ...

Bond market participants widely see the US Treasury refraining from any major shift in debt-issuance plans, but investors are still on watch for any surprise moves https://t.co/dGSLL3l2Gh ...

Core Viewpoint - The nomination of Kevin Warsh is seen as a way to mitigate potential negative outcomes, but the specific effects on interest rates remain uncertain [1] Group 1 - The nomination is perceived to avoid many worst-case scenarios [1] - There is ambiguity regarding the impact of Warsh's nomination on interest rates [1]

In a world of unlimited money printing and new taxes on unrealized gains, the only way to win is to own assets your government cannot print or debase. In this episode, I'm joined by Jeroen Blok, a professional investor with over 20 years of experience managing institutional wealth. Today we're unpacking his new book, The Great Rebalancing in three parts.From the systemic failure of the 6040 portfolio to the scarce asset solution involving Bitcoin and gold. We discuss why safe government debt has become a we ...

Core Insights - Mortgage rates are currently stable, with the average 30-year fixed mortgage rate at 6.09%, the lowest in three years, but have slightly increased by 10 basis points recently [3][11] - The Federal Reserve is expected to maintain interest rates, but mortgage rates are influenced by a variety of factors beyond the Fed's decisions [4][11] - The bond market, particularly the 10-year Treasury yield, is the primary driver of 30-year mortgage rates, making them less predictable around Fed meetings [8][10] Mortgage Rate Trends - The average 30-year mortgage rate has seen fluctuations, with a notable increase of almost 1.25 percentage points following a Fed rate cut in late 2024, illustrating the complex relationship between Fed actions and mortgage rates [9][10] - Fannie Mae projects that 30-year mortgage rates will remain relatively stable, with a slight decrease from 6.1% to 6.0% expected through 2026 [13] Homebuyer Guidance - Timing the mortgage market is challenging, as rates can change for reasons unrelated to Fed decisions; buyers are advised to act when financially ready rather than waiting for a specific rate drop [12][15] - Existing homeowners with high mortgage rates (7% or 8%) may consider refinancing, but should evaluate the costs against potential savings to determine if it is worthwhile [14]

give us your read on the US economy right now because the economic data seem to suggest that um it's holding on pretty well. It's it's it's uh solid and the labor market is also not deteriorating even as inflation seems like it's on the right path. >> Well, hi Scarlet.Yes. Uh as we used to say during my time at the Fed, the US economy is in a good place and and it is. It's been remarkably uh resilient.uh growth for 2025 will probably come in north of two uh% finishing strong. Inflation's been basically flat ...

Andy Burnham had been widely tipped to succeed Sir Keir Starmer as Labour Party leader - Ian Vogler/WPA Pool UK government borrowing costs have fallen after Sir Keir Starmer blocked leadership rival Andy Burnham from standing as an MP. The yield on benchmark 10-year gilts, as UK government bonds are known, fell as low as 4.47pc early on Monday, compared to a high of 4.51pc on Friday in the wake of the Gorton and Denton by-election announcement. Labour’s ruling National Executive Committee (NEC) blocked ...

Economic Outlook - The U.S. economy is projected to have added 73,000 jobs in December, an increase from 64,000 in November, with the unemployment rate expected to decrease to 4.5% from 4.6% [3] Treasury Market Response - The Treasury market is currently more focused on domestic economic data rather than international events, such as the U.S. intervention in Venezuela, which is not significantly impacting inflation expectations [1][4] - Portfolio managers indicate that the upcoming jobs report is more critical for the Treasury market than developments in Venezuela, as the latter does not currently influence inflation trends [4] Labor Market Data - Investors are awaiting clear labor market data from the Bureau of Labor Statistics, with the jobs report expected to boost investor confidence [2] - The ADP's private-sector employment report is set to be released prior to the government's data, although it is not typically viewed as a reliable indicator [3] Global Oil Market - The global oil balance remains stable, and any significant changes in Venezuelan oil supply are expected to take time, which diminishes immediate concerns for the bond market [5] - Current tensions in Venezuela, including the U.S. intervention and the capture of Nicolás Maduro, are not expected to have a lasting impact on inflation or the bond market unless they lead to sustained changes in oil prices [5]