Outstanding returns can be a warning sign late in the credit cycle.
Silver-rated PIMCO High Yield Spectrum is led by a veteran team running an effective process.
Uncertainties abounded over the period, though strong technical backdrops provided some stability.
Bond Fund Investing
11-08-2018 14:38:11 PM ET
The November Federal Open Market Committee (FOMC) meeting went off without a hitch. There was unanimity in the decision to leave the target range for the fed funds rate unchanged at 2.00% to 2.25%. In turn, there were a lot of similarities in the wording of the...
The Market at 15:08 ET10-Year: -4/32…3.061…EUR/USD: 1.1388USD/JPY: 113.09
Treasury Market Stands Its Ground
- -- Treasuries pull back after recent string of gains
- -- October Durable Orders (actual -4.4%; Briefing.com consensus -2.6%; prior -0.1%), Durable Orders ex-transportation (actual 0.1%; Briefing.com consensus 0.4%; prior -0.6%), weekly Initial Claims (actual 224K; Briefing.com consensus 215K; prior 221K), and Continuing Claims (actual 1668K; prior 1676K)
- -- October Leading Indicators (actual 0.1%; Briefing.com consensus 0.1%; prior 0.6%), Final November Michigan Sentiment Survey (actual 97.5; Briefing.com consensus 98.3; prior 98.3), and October Existing Home Sales (actual 5.22 mln; Briefing.com consensus 5.20 mln; prior 5.15 mln)
- -- Weekly MBA Mortgage Index (actual -0.1%; prior -3.2%)
11-15-2018 16:52:55 PM ET
The Week in Review/Week Ahead
The stock market can tolerate higher interest rates, because those higher interest reflect a strengthening economy that is good for earnings growth. Remember that popular line of thought?...