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Refinitiv Lipper reported a significant drop in municipal bond mutual fund inflows at $36 million in the latest week, a signal the volatility of other markets may be creeping in. High-yield saw $53 million of inflows.
Stocks up in topsy-turvy trading following solid jobs report Investors can’t decide if good economic news is good for Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the market has been on a wild ride ever since. The Dow was up nearly 350 points, or 1.1%, at midday which was near its highs of the day. It had surged after the opening bell but briefly dropped into negative territory in the late morning. The S&P 500 was up 1%, having also clawed its way out of the red. The Nasdaq was up 0.4% and well off its ...
Greenback fightback: The hot currency trade of 2021 might be going bust We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Vivien Lou Chen and Todd Gillespie February 17, 2021 — 7.12am Normal text size Advertisement Betting on a drop in the US dollar was one of the most-popular macro trades heading into 2021. But after a painful start to the year, many are wondering whether they wrote off the greenback too quickly. The argument was simple: a broad vaccination-led global recovery and a stimulus-fuelled expansion of the US deficit would encourage investor...
US Federal Reserve backstops rising corporate debt mountain As the WSWS noted, there was one notable feature of the passage of the $900 billion relief bill through the US Congress earlier this week that demonstrated the absolute loyalty of the Democrats to the Wall Street financial oligarchy. After abandoning aid for cash-strapped cities and states to provide services and agreeing to a grossly inadequate one-time payment of $600 to most working people, they rose up in arms against at attempt to restrict operations by the Fed to bolster major companies. The Federal Reserve headquarters in Wash...
Diversification is a focus for fixed income investments, and experts shared thoughts about strategies during a roundtable event.