Western Asset Calls Top of Treasury Market Rally

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Bond-investing company Western Asset Management is calling a top on the red-hot market for Treasury bonds and buying corporate debt instead

Bond-investing giant Western Asset Management Co. is calling a top on the red-hot market for U.S. Treasury bonds and buying into corporate debt instead.

Panicked buying of U.S. government bonds in reaction to the global spread of the coronavirus has set Treasurys up for a fall, Michael Buchanan, the firm’s deputy chief investment officer, said Friday.

 

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Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Stocks Strengthen Even as Treasury Rally Breaks New GroundThe rally in U.S. government bonds broke fresh ground, with the yield on benchmark 10-year debt briefly falling close to 1% after a week of plunging stocks and escalating bets on interest-rate cuts. Ded kat spingen! ('Dead cat bounce' in jibberish German) Thank god for currency manipulation, I mean stimulus.
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