us right now is Bill Ian. He is JP Morgan's asset management, chief investment officer uh of Absolute Return Fixed Income. Good morning. Morning, Andrew.To you as we try to figure Okay, before we even just get into the markets, do you want to weigh in on the power of it all. Yeah, I just Man, there's a guy that's getting kicked around a little bit right now. It's um it's it's interesting to watch.Um I you know, the position he's in is almost a no- win right now, right. Because I think the Fed honestly is tr ...

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.On July 23, 2025, Oxford Lane Capital (NASDAQ: OXLC ) issued its financial report for the second quarter of 2025. As the listed fixed-income securities of Oxford Lane are among our go-to investment picks, and we tryAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the compani ...

Rick Rieder, BlackRock global fixed income CIO, joins 'Closing Bell' to discuss the latest news affecting markets, brand damage to the U.S. being considered a safe haven and much more. ...

Invesco (IVZ) Q2 2025 Earnings Call July 22, 2025 09:00 AM ET Company ParticipantsGreg Ketron - Global Head - Treasury, IR & InsuranceAndrew Schlossberg - President, CEO & DirectorL. Allison Dukes - Senior MD & CFOAlex Blostein - Managing DirectorBen Budish - DirectorBrian Bedell - DirectorMichael Cyprys - Managing DirectorConference Call ParticipantsWilliam Katz - Senior Equity AnalystGlenn Schorr - Senior MD & Senior Research AnalystPatrick Davitt - Senior Analyst - US Asset ManagementKenneth Worthington ...

Strategy's new variable rate preferred $STRC has a 9% initial yield, and is targeting money market funds.A $7.05 trillion market, about 25% of all US Treasuries, yielding just ~4.25%.Bitcoin is about to swallow the fixed income market. https://t.co/oulrRugBYVDylan LeClair (@DylanLeClair_):Money market funds is a big market… ...

Core Insights - The Travelers Companies reported a core income of $1.5 billion ($6.51 per share) for Q2 2025, with a core return on equity of 18.8% [1] - The company achieved $11.5 billion in net written premiums and returned $809 million in capital to shareholders [1] - A divestiture of its Canadian business for $2.4 billion was announced, reflecting a strategic move to optimize capital allocation [1][4] Underwriting Profitability - Underlying underwriting income increased by 35% to $1.6 billion pretax, driven by a 7% growth in net earned premiums to $10.9 billion [2][3] - All business segments reported underlying combined ratios below or near 90%, with personal insurance at an impressive 79.3% [2] - The overall underlying combined ratio improved by 3 points to 84.7%, indicating enhanced risk selection and disciplined pricing [3] Capital Management - Adjusted book value per share rose to $144.57, a 14% increase year-over-year, with operating cash flows of $2.3 billion [4] - The board authorized $4.3 billion for share repurchases, indicating a commitment to returning value to shareholders [4] - The divestiture of Canadian operations was executed at 1.8 times book value, showcasing aggressive internal capital reallocation [4][5] Investment Income - The investment portfolio's assets exceeded $100 billion, generating $774 million in after-tax net investment income, a 6% increase from the previous year [6] - New money rates were over 100 basis points above the embedded portfolio yield, enhancing earnings visibility for the remainder of 2025 and into 2026 [6][7] Future Outlook - Management projects a full-year expense ratio of 28% to 28.5% for 2025 and anticipates $700 million in additional share repurchases in 2026 from the Canadian divestiture [8] - Expected fixed income net investment income after tax is approximately $770 million for Q3 and $805 million for Q4 [8] - The company plans to relax personal insurance rate and capacity restrictions by the end of 2025, supporting continued premium growth and strong underwriting margins [9]

Market Trends - Convertible bonds have become a popular asset class in China this year [1] - Convertible bonds' performance is surpassing local stocks and fixed income [1]

Group 1 - The Conservative Income Portfolio aims to target the best value stocks with high margins of safety while reducing volatility through well-priced options [1][2] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value provides Covered Calls, focusing on lower volatility income investing and capital preservation, while the Fixed Income Portfolio emphasizes high income potential and significant undervaluation [1][2] Group 2 - Trapping Value consists of a team of analysts with over 40 years of combined experience in generating options income and capital preservation [2] - The investing group operates the Conservative Income Portfolio in collaboration with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [2]

Group 1 - The Conservative Income Portfolio targets value stocks with high margins of safety and aims to reduce volatility using well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - The Covered Calls Portfolio focuses on lower volatility income investing with an emphasis on capital preservation [2] Group 2 - Trapping Value is a team of analysts with over 40 years of combined experience in generating options income while prioritizing capital preservation [3] - The investing group operates the Conservative Income Portfolio in partnership with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [3] - The fixed income portfolio aims to buy securities with high income potential and significant undervaluation compared to peers [2]

Taking a look at Treasury yields. Uh the tenure at 4.4% uh 2% this morning, the 2-year at 3.9%. Joining us now, Pria Misra, the fixed income portfolio manager at JP Morgan Asset Management.Pria, great to have you with us. Thanks for having um what are we seeing priced into treasuries right now. Have we seen the effects of the tax bill. Have we seen the assumption that the Fed is going to cut rates.I mean, what are we looking at. I love that question because there's so many crossurrens with with interest rat ...