-- Bond investors are going on defense as the outlook for the Federal Reserve’s interest-rate cutting path turns more uncertain.Chicago Marathon to Honor Kenyan Who Died After His World Record
“We continue to recommend investors position for a lower-rate environment, deploying excess cash, money-market holdings, and expiring fixed-term deposits into assets that can offer more durable income,” said the firm’s chief investment officer for the Americas. Citadel Securities is warning clients to brace for what they dub “material volatility going forward” in bond markets. The firm expects the Fed to cut once more in 2024, by a quarter-point.
“The shorter maturity part of the yield curve, five years and less, looks more compelling to us at the moment,” said Anmol Sinha, investment director for Capital Group’s $91.4 billion Bond Fund of America. Oct. 17: Retail sales; Philadelphia Fed business outlook; initial jobless claims; industrial production; capacity utilization; business inventories; NAHB housing index; TIC flowsOct. 15: Fed Governor Adriana Kugler; San Francisco Fed President Mary DalyThe Robotaxi Verdict Is In—And Wall Street Is Taking the Train
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