Quotes from the news wire:
>NEW YORK, Dec 30 (Reuters) - U.S. government bond investors hurting after the biggest annual decline in the history of the asset class are riding out yet another selloff, as worries over persistent inflation cloud the prospects for an expected 2023 rebound.Heavyweights such as Amundi, Vanguard and BlackRock turned bullish on bonds in recent weeks, on expectations that inflation has peaked and that a potential recession next year could push the Federal Reserve to end its most aggressive rate hiking cycle in decades. Many investors have followed suit. December’s BofA Global Research survey showed fund managers were the most overweight bonds versus stocks in nearly 14 years.But while bonds rebounded in October and November, prices have retreated over the last few weeks, as investors digested stronger-than-expected U.S. economic data and as China reopened from COVID-19 restrictions, which some believe could add to price pressures in the new year.Falling prices have pushed up yields, which move inversely. Benchmark 10-year Treasury yields have climbed over 40 basis points since mid-December to nearly 3.9%, the highest in over a month. Two-year yields - which more closely reflect monetary policy expectations - hit an intra-day peak of 4.445% on Tuesday, their highest since November.The market seemed to have been getting ahead of itself expecting a pivot to occur from the Fed, it is coming to terms with the fact that the Fed is going to have to be tighter for longer, until theyre really sure that theyve got inflation back under control.
Found on Reuters 1 year ago
We are at only the beginning of the nascent stages of the next big economic rebound and bull market, that doesn't mean there will be no hiccups or market corrections along the way.
Found on CNN 3 years ago
The period we are in is so unprecedented because of the magnitude of last year's market drop and the rebound in the past few months. It doesn't surprise me to see weird numbers with some individual companies, the volatility also shows how difficult it is to predict economic variables and earnings.
Found on CNN 3 years ago
Oh, it’s real, maybe related to his view that America is a ‘shining city upon a hill’.
Found on FOX News 7 years ago
It was very special to be able to celebrate his election and the presidency -- those were great years, and my mom was up on the main stage with him, it was kind of overcast and cloudy that day, but pretty much as soon as he took the oath and gave his inaugural address, the skies opened up and it became sunny, leaving people joking, 'wow, is this a sign?'.
Found on FOX News 7 years ago
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