-- A prospect that might have seemed unthinkable just a couple short weeks ago is coming into view for bond traders: The potential for US Treasuries to post an annual gain for the first time since 2020.It’s well short of turning into ‘The Year of the Bond’ that many money managers expected entering 2023.
Faranello says he’s targeting a decline to 4.35% on the 10-year, from 4.57% now. It’s not even two weeks since the rate eclipsed 5% for the first time since 2007. But traders are growing confident that the tightening campaign is over, and they’re betting on cuts by mid-2024. The caveat is that Treasuries have been whipsawed before in 2023, seeing yields swoon and then reverse course, and there’s a camp that doubts the Fed will lower rates as soon as traders expect. Derivative traders have proven wrong-footed time and again over the last few years in pricing in that the Fed would pivot and cut.
Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the...Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and...CALGARY — The CEO of Pembina Pipeline Corp.