Will the Curtain Close on AMC Entertainment?
April 2020 Fixed Income Market Update
The coronavirus and the measures taken to contain it have had a massive impact on individual lives, the economy and financial markets. While known to be large, significant uncertainty remains regarding just how dire the impacts will be.
Investors’ optimistic start to the year seems like a long time ago now. Global stocks fell 20% last quarter, losing around $20 trillion in value in what was their worst run since 2008. US government bonds, on the other hand, had one of their best quarters as investors clamored for their relative safety.
U.S. Corporate Bonds (Mar 30- April 3): Influx of High-Grade Issuance Continues Amid Novel Credit Conditions
Times of Turmoil and Trouble Keeping ETF Score
During these turbulent times, how does one track and value the performance of an exchange-traded fund? David Mann, Head of Capital Markets, Global Exchange-Traded Funds, opines on ways to “keep score.”
Insights into the State of Global Equity Markets
Money in Motion: It’s Not about Return on Principal, but Return OF Principal
Given what has transpired in the money and bond markets over the last two weeks, the aforementioned age-old adage should not come as much of a surprise. The declines in a whole host of fixed income markets, and signs of growing dislocations in the funding arena, have left investors in a state of fear, the likes of which we haven’t seen since the financial crisis.
Stocks Rally Despite Horrible Initial Jobless Claims
Reading the Market – Podcast by Michael Kramer: Stocks Rally Despite Horrible Initial Jobless Claims on March 26, 2020
March 26, 2020
Technical Analysis Heading into Thursday’s Open: Mar. 26, 2020
Why We See Bond ETF Discounts in Volatile Markets
ETFs in the current market environment are making up the preponderance of trading out there. They’re providing a ton of liquidity.
The Federal Reserve (the Fed) announced on Monday there’d no limits to its bond-buying to support the US economy. The Fed announced $700 billion of new bond purchases this time last week, and by Friday, it’d already completed a batch of them.
Coronavirus Impact and Response: A Global View
Stocks Surge On March 24, But Not Out Of The Danger Zone Yet
Reading the Market – Podcast by Michael Kramer: Stocks are rising on March 24, but are not out of the danger zone yet as they still face a significant downtrend.
Bond Markets Start to Look Beyond the Apocalypse
The Impact of the ECB’s Coronavirus Rescue Fund and BoE Rate Cut on European Bonds
This week, both the European Central Bank and Bank of England took further measures to help contain the financial fallout from the coronavirus and alleviate pressure on strained public finances. Our David Zahn, Head of European Fixed Income, shares his views on what it means for European bonds.
Major Risk Indicators Showing Historic Level of Investor Outright Panic Over Economy and Stock Market
Short Duration and Money Market Fund Market Update
As investors reduce their holdings of risk assets and seek a perceived safe haven, the money market fund industry has seen historically high flows into government funds. At the same time, there is some rotation out of prime funds and into government funds. This, in turn, has introduced more volatility into the shorter end of the yield curve.
Fixed-Income ETFs Grab Spotlight as Volatility Surges
What’s Down With Treasury Yields?
To my surprise, the Treasury bond’s hypothetical result doesn’t trail that of every single mutual fund that has posted a 30-year return. Two gold-related funds, two Japanese equity specialists, and one perpetually misguided bear have fared worse.
An Introduction to Portfolio Hedging
Trump Address Doesn’t Calm Markets, China New Cases Drop To New Low
Asian equity markets plunged following President Trump’s speech fell flat with investors. What was missing? The lack of fiscal stimulus, recognizing issues in test kits and limiting domestic travel stand out to me relative to responses in China, South Korea and Japan. However, a stronger response is likely being drawn up as we speak.
It Just Doesn’t Matter
The February jobs report was rock-solid, but alas, the collective market viewpoint is that it represents ‘old news’. This point is fair, and I don’t disagree, but wouldn’t you want to have the US economy on a solid footing heading into this COVID-19 situation rather than the alternative?
How Will The Market Volatility Impact Community Banks?
A trio of catalysts in recent weeks has sent shockwaves through the markets. And though it’s too soon to tell how the coronavirus will impact the U.S. economy, the Federal Reserve’s emergency 0.5% rate cut has immediate ramifications for the banking sector.