NYSEARCA:DLBS - NYSE Arca -
Distress reigns in corners of the market for exchange-traded products as the spreading coronavirus and all-out oil price war upend assets around the world.
To put it mildly, betting against the Treasury market has been a painful trade for the last two months. Now, securities offering quick entry into such positions via the stock market are facing an existential crisis.
U.S. Treasury yields plunge across the board to record lows, with the entire curve briefly trading below 1% for the first time in history, exacerbated by an oil price war on top of deteriorating globa
Mentions: BCS
There's no particular news out today, but fixed-income traders must finally have woken up and taken note of a stock market at all-time highs, an unemployment rate of 3.5%, and the easing of trade tens
I recently argued Jerome Powell did the right thing by raising rates a mere 25 basis points. Now, let me tell you where he and the current Fed leaders are royally making a mess. This is critically important.
Soaring yields once again took all the sheen away from the U.S. Treasury market. This is especially true as 10-year yields jumped to the highest level since 2011 at 3.23% backed by a slew of upbeat economic data.
The U.S. Treasury market has been out of investors’ favor this year, piling up heavy losses.