News Formal

This hadn’t happened on the U.S. Treasury market in 250 years. Now it has.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bank of America has called out a three-year decline in bond returns, saying that has never happened in the history of the U.S.

The 10-year Treasury bond is on track for a third year of losses in 2023, something that hasn’t happened in roughly 250 years of U.S. history.The return for investors putting money in that bond BX:TMUBMUSD10Y stands at a negative 0.3% so far in 2023, after a 17% slump in 2022 and a 3.9% drop in 2021, the bank’s strategists led by Michael Hartnett, pointed out in a note on Friday.That reflects a “staggering 40% jump in U.S.

This year has been better for stocks, but the bounce since the COVID pandemic has been very concentrated in U.S. stocks especially the technology sector, with breadth in global markets “breathtakingly bad,” the analysts said. Breadth refers to the number of stocks actively participating in a rally.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asset managers and hedge funds are increasingly taking different positions in the U.S. Treasury marketAsset managers and hedge funds are increasingly taking different positions inside the most liquid government-securities market in the world — and the gulf...
Source: MarketWatch - 🏆 3. / 97 Read more »