-- Bond investors are coalescing around a segment of the Treasuries market that offers a measure of protection from this year’s brutal rout and also positions them for the recession that some still anticipate.Hamas Just Torched Biden’s Deal to Remake the Middle East
The jobs data may highlight the economy’s strength now, but some market watchers see it raising the risks down the road as the Fed holds rates higher for longer. Surging long-term yields are adding to the headwinds to US output, which is already facing a hit from the resumption of student loan payments and a strike by autoworkers.
While yields across maturities have surged, shorter-dated tenors have climbed less. As a result, the spread of 2-year yields over the 10-year rate reached its slimmest since last year on Friday. “Meanwhile, we think we are near an inflection point for Treasury bills with rates likely near a peak,” he said.
A large swath of China's US-bond holdings is not accounted for in official Treasury data, Brad Setser wrote for the Council on Foreign Relations.This young couple rushed to buy a $730K home — but now they can't sleep at night. Here's a 5-point checklist to find out if you're actually ready to buy a house
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