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USTs spiked 17 basis points on the short end and 15 to 12 10-years and out following the release, while triple-A curves saw yields rise two to five basis points, depending on the yield curve, in a more muted and typical reaction for the asset class.
European shares fell on Friday (Jun 7), led by rate-sensitive sectors such as real estate and utilities after a stronger-than-anticipated US jobs report fanned worries that the Federal Reserve would not cut interest rates anytime soon.
Property investors should expect more losses on bonds originally rated AAA in the months to come.
(Bloomberg) — A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates. Equities headed toward their best week in 2024 after Microsoft Corp. and Google’s parent Alphabet Inc. sent a clear message to investors: Our…
Banks are seen as having an increased interest in CLOs