Obscure corner of Canadian debt rewards investors with big rally
Investors looking for an edge are buying up an obscure type of Canadian debt that’s delivered some of the best returns among bonds. Read on.
Stay updated with breaking news from Christopher Dereza. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investors looking for an edge are buying up an obscure type of Canadian debt that’s delivered some of the best returns among bonds. Read on.
(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap…
(Bloomberg) -- Wells Fargo & Co. and JPMorgan Chase & Co. are leading the biggest Wall Street banks in tapping the US investment-grade market after reporting third-quarter earnings.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden Weighs Trip, Shekel Drops Past 4 Per DollarXi’s $1 Trillion ‘Project of the Century’ Gets a Reality CheckStocks Rise Amid Efforts
(Bloomberg) -- Canadian companies are at risk of facing higher interest costs as an unintended consequence of a government proposal to eliminate the country’s C$260 billion ($195 billion) mortgage bond program, an investors’ lobby group has warned.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukrai
(Bloomberg) -- A pair of exchange-traded funds tracking corporate credit saw a nearly $2 billion flight after data underscoring jobs strength solidified bets the Federal Reserve will resume its interest-rate hikes.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetChine