Invasion of the Yield Chasers! Even PIMCO Joins Horde
Considering the frustratingly low yields in risky junk bonds and a moderately steep Treasury yield curve, where do opportunities lie for fixed-income investors?
Buffett’s $8 Billion Trade Isn’t a Bet Against Munis: LPL’s Valeri
Warren Buffett’s sale of $8 billion in muni derivatives was a profitable trade, not a comment on the value of the muni market, says the LPL market strategist.
Recession Priced Into Treasuries, as Yields Near Historic Lows
Investors’ flight to safety into U.S. Treasuries (despite the recent S&P downgrade) has driven yields toward historic lows and has market participants pricing in a recession, say market watchers such as Brent Burns of Asset Dedication.
Business Leaders Resigned to U.S. Debt Downgrade but Say Default Unlikely
The business community is battening down the hatches for a U.S. debt rating downgrade—and they’re not happy about damage that the oncoming economic storm will wreak on investors.