DIRS.INFO The most relevant business & tech news

☆ Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
▼ + stars: | 2023-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why the rate cuts investors have been praying for might not be the godsend they imagined. But rate cuts won't necessarily be the win markets are hoping for, Business Insider's Jennifer Sor writes. Still, some interest rate traders are predicting rate cuts coming as soon as this March, according to CME's FedWatch Tool. Another key piece of the economy facing headwinds complicates the case for rate cuts being a boon for investors.

Persons: —, I've, we're, Patrick Semansky, Jennifer Sor, CME's, Jennifer, Insider's Dominick Reuter, Miles Goodloe, Domenic, Robert Oszust Jr, Domenic Boresta, Alice Brooks, Jennifer Campbell, Sean Jacobsohn, he's, Jacobsohn, Chelsea Jia Feng, They're, it's, Gen, Bradley Cooper, Ben Affleck, Greta Gerwig, Bill, Bill —, Bill Nye, Science Guy, Manolo Blahnik, Jimi Hendrix, Steve Bannon, Bruce Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Business, Federal Reserve, Fed, UBS, Big Tech, Retail, Walmart, Target, Financial Times, Echo, Khosla Ventures, Science Locations: Washington, Miles, Chelsea, New York City, San Diego, London, New York

☆ Stick with bond funds and cash? ETF experts rethink popular portfolio strategies for 2024
▼ + stars: | 2023-11-24 | by ( Anna Gleason | ) www.cnbc.com time to read: +3 min

As of Wednesday's market close, though, the 10-year note fell to 4.408%, while the 100 largest taxable money market funds tracked by Crane Data have an average yield of 5.20%. In addition, nearly $1.2 trillion has flowed into money market funds this year through Nov. 15, compared to $264 billion into bond funds and $43 billion in U.S. equity funds, according to Goldman Sachs. In the meantime, Bartolini said clients willing to take on more risk should look to shorter-duration bond funds. The iShares 1-3 Year Treasury Bond ETF (SHY) that tracks shorter-duration notes has gained 0.22% this year as of Wednesday's close. The iShares U.S. Treasury Bond ETF (GOVT) , which has exposure to Treasurys ranging between 1 and 30 years in duration, was down 1.85% during the same period.

Persons: Dan Egan, CNBC's, Goldman Sachs, Matt Bartolini, Bartolini, Egan, it's Organizations: Federal Reserve, Behavioral Finance, Treasury, Crane Data, SPDR, SPDR Americas Research, Street Global Advisors, Treasury Bond ETF Locations: SPDR Americas, U.S

☆ These unique assets are now a popular way to lock in yield. What to know about defined maturity ETFs
▼ + stars: | 2023-11-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

After being on the market for more than a decade, defined maturity bond funds are finally attracting attention. Traditional open end, bond mutual funds or bond ETFs, on the other hand, have no maturity date. One big advantage over owning individual bonds, however, is that defined maturity ETFs are easy to purchase on the stock exchange. How they work Each defined maturity bond fund holds securities in the same sector that come due in the calendar year chosen for the fund. Callable bonds are simply those that can be redeemed or paid off by the issuer prior to the bonds' maturity date, according to the Securities and Exchange Commission.

Persons: Charles Rotblut, Bonds, Sarajat Samant, Karen Veraa, BlackRock's, —, Veraa, IBonds, Invesco, Treasury iBond, Jason Bloom, Invesco's Bloom, haven't, I'm, BlackRock's Veraa, Morningstar's, Samant, AAII's Organizations: Investors, American Association of, Treasury, BlackRock, Securities and Exchange Commission, Invesco Locations: BlackRock's iShares, U.S

☆ Euro zone's shadow banks face risk of margin calls, ECB says
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 22 (Reuters) - Euro zone shadow banks face the risk of receiving large margin calls or client redemptions they cannot meet because they do not have enough cash on hand, the European Central Bank (ECB) said on Wednesday. The ECB said liquidity buffers among shadow banks - an umbrella term for funds, insurers and other non-bank financial intermediaries (NBFI) - were "very low", exposing them to the risk of running out cash at times of market stress. Insurance companies and pension funds (ICPF) that use derivatives could be exposed to the risk of "large margin calls", the ECB added, citing those suffered by their UK peers last year as a precedent. "Any sharp increase in sovereign bond yields or a spike in financial market volatility could expose those ICPFs which use interest rate derivatives to large margin calls," the ECB said. The central bank reiterated its call for introducing regulation for shadow banks like the one that governs traditional lenders, including liquidity requirements and stress tests.

Persons: Francesco Canepa, Mark Potter Organizations: European Central Bank, ECB, Insurance, Thomson Locations: FRANKFURT

☆ These bond funds are among the top performers in 2023 – Here’s what investors should do next
▼ + stars: | 2023-11-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Risk-taking investors also fared well in high-yield bonds, as the fund category generated a 2023 total return of 6.98% through Friday. Big performers in that category include the Pacific Income Advisors High Yield (MACS) Fund (PIAMX) for investors with managed accounts. The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) was also among the strongest performers in the fund category. See below for a list of top performing high yield bond funds, according to Morningstar Direct. "I think these historically high yields have offered attractive entry points for high quality," said Murphy.

Persons: It's, Morningstar, it's, Thomas Murphy, Rowe, Murphy Organizations: Treasury, U.S, Morningstar, Morningstar . Bank, SEC, Pacific Income, PIAMX, Morningstar Direct Locations: U.S

☆ My retirement savings have grown for 4 years straight thanks to a foolproof investing strategy I learned from 'Millionaire Teacher'
▼ + stars: | 2023-11-17 | by ( Alexis Rhiannon | Stephanie Hallett | Read More | ) www.businessinsider.com time to read: +7 min

I followed Hallam's advice and invested in index and bond funds, and my portfolio has grown consistently for four years. I keep a ratio of 70% stock funds and 30% bond funds, with an even split between international and domestic stocks. If stock market index funds are unsexy, then bonds are flat-out frumpy. Dips in the stock market. In a wildly volatile year, when the stock market is moving by 20% or more, you could absolutely get in more frequently to try to rebalance your ratios.

Persons: Andrew Hallam, —, I've, Andrew Hallam's, I'd, Hallam, they're, That's, Read, it's, Get Organizations: Service, SoFi, SEC Locations: foolproof, Hallam

☆ US equity funds draw heavy inflows on expectations for Fed pause
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LSEG data shows that U.S. equity funds attracted about $9.33 billion in net inflows during the week, marking the largest weekly net purchase since Sept. 13. Reuters Graphics Reuters GraphicsLarge-cap U.S. funds led the charge, securing $8.54 billion in net inflows, the highest in two months. Small- and multi-cap funds also saw substantial inflows, garnering $1.23 billion and $1.01 billion, respectively. High-yield funds, riding on improved risk sentiment, garnered $4.5 billion, following a robust $6.3 billion net purchase in the prior week. Conversely, U.S. short/intermediate government and treasury funds, along with general domestic taxable fixed income funds, saw withdrawals of $1.13 billion and $897 million, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Federal, Reuters Graphics Reuters, Technology, Reuters Graphics Reuters Graphics, Thomson Locations: New York City, U.S, Bengaluru

☆ How to lock in bond funds returning up to 12% to beat next year's 'hard-ish' landing, according to a chief strategist with $415 billion in fixed income
▼ + stars: | 2023-11-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Last month, bond yields made a comeback and the 10-year Treasury note hit roughly 5%, the highest since 2007. On the other end, bond risk comes from the borrower's ability to pay back their obligation. For investors who want higher income, Bory recommends considering a mutual fund or a commingled fund that provides that diversification. Popular examples of corporate bond funds include the MainStay MacKay High Yield Corporate Bond Fund (MHCAX), Goldman Sachs High Yield Fund (GSHIX), and High Yield Spectrum Fund (PHSIX). Below is a list of Morningstar analysts' favorite high-yield bond funds that have the highest "Gold Medalist" rating.

Persons: George Bory, Bory, MacKay, Goldman Sachs, Allspring, It's, Acct, Rowe Price Organizations: Business, Allspring, Investments, Fed, AAA, BBB, Bond Fund, Fund, Morningstar, PIA Locations: Allspring, US

☆ Bonds vs. Bond Funds: How Higher Rates Are Changing the Calculation
▼ + stars: | 2023-11-11 | by ( Heather Gillers | ) www.wsj.com time to read: 1 min

The new era of higher interest rates has reignited a long-smoldering Wall Street debate: Is it better for ordinary investors to buy individual bonds outright? Or shares of bond mutual funds? During the yearslong period of near-zero interest rates, the answer seemed simple: Funds had low fees and were easy to buy and sell, and share values rose alongside bond prices. If any one bond defaulted, losses were minimal.

☆ Cash funds continuing to attract inflows, set for record year - BofA
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri Acquire Licensing RightsLONDON, Nov 10 (Reuters) - Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year, according to Bank of America and data provider EPFR. BofA's weekly 'Flow Show' report showed cash funds attracted $77.7 billion of inflows in the week to Nov. 8, putting them on track to see around $1.4 trillion of inflows in 2023. Bond funds attracted inflows of $11.2 billion, BofA said, the largest weekly inflow in four months, after the Federal Reserve held interest rates steady and had signalled the tightening cycle could be over. Meanwhile, BofA said its Bull & Bear indicator of investor sentiment rose to 1.7 from 1.4, driven by strong inflows to high yield bond funds.

Persons: Carlo Allegri, Bond, BofA, Samuel Indyk, Alun John, Toby Chopra Organizations: of America, REUTERS, Global, Bank of America, Federal Reserve, Equity, Bank of Japan, Thomson Locations: Manhattan, New York City , New York, U.S

☆ US bond funds rack up biggest weekly inflow in three months
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 10 (Reuters) - U.S. investors poured a massive sum into bond funds in the seven days leading to Nov. 8 on hopes of a turnaround in Treasury bond prices following the Federal Reserve's decision to keep interest rates unchanged. A report from the U.S. Labor Department indicating a slowdown in job growth in October, also lifted bond prices last week. According to LSEG data, U.S. bond funds amassed a net $3.61 billion worth of inflows during the week, the biggest amount since July 5. Reuters Graphics Reuters GraphicsU.S. high yield bond funds saw a significant boost in demand as they received a net $6.29 billion, the biggest weekly inflow since mid-April 2020. Additionally, large-cap funds saw $930 million worth of net purchases but mid-, and multi-cap funds had outflows of $661 million and $396 million.

Persons: Dado Ruvic, Gaurav Dogra, Patturaja, Toby Chopra Organizations: REUTERS, Federal, U.S . Labor Department, Treasury, Reuters Graphics Reuters Graphics U.S, Investors, Reuters Graphics Reuters, Thomson Locations: U.S, Bengaluru

☆ Massive surge in the buying of Israel Bonds from the United States
▼ + stars: | 2023-11-08 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +4 min

It also makes 2023 a record year for Israel Bonds. Two counties in Florida, Broward and Palm Beach, also bought Israel Bonds in the last four weeks, as did Ohio's Franklin County. A spokesperson for the bank called the sales part of "a more than 35 year relationship with Israel Bonds." Celal Gunes | Anadolu Agency | Getty ImagesExecutives at Israel Bonds said about $250 million of the total raised in the last month came from individual investors, large and small, throughout the United States, who purchased the bonds directly. Naveh, the CEO of Israel Bonds, lives in the town of Savyon, just east of Tel Aviv.

Persons: Jack Guez, Israel Bonds, Celal, Dani Naveh, Nir Elias, Thomas DiNapoli, Ilan Rosenberg Organizations: Development Corporation, Israel, Palestinian, Afp, Getty, Finance, Bonds, Israel Bond, Bank, Cleveland, Key Bank, of American University, Washington , D.C, Anadolu Agency, CNBC, Gaza, Reuters, Hamas, Gaza Ministry, Health, New York State, New York Locations: United States, Palestinian, Tel Aviv, Israel, Florida , New York , Alabama, Arizona , Ohio , Illinois , Texas, Georgia , Oklahoma , Nevada , Louisiana, South Carolina , Indiana, Pennsylvania, Florida , Broward, Palm, Franklin County, New Jersey, Gaza, Washington ,, Petah Tikva, Savyon, Kibbutz Be'eri

☆ These bond funds withstood the 2008 and 2020 recessions. What investors can learn from them
▼ + stars: | 2023-11-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Investors curious as to whether their bond funds could withstand an economic downturn would do well to look back to the last two recessions. The PGIM Core Bond Fund (TAIBX) and the Calvert Core Bond Fund (CLDAX ) earned returns of more than 8% from December 2007 to the end of June 2009, according to data from Morningstar Direct. Standouts include the Carillon Reams Core Bond Fund (SCCIX) , which incurred a 7.55% return from February through April 2020, per Morningstar. The Johnson Institutional Core Bond fund (JIBFX) and American Funds' Bond Fund of America (ABNDX) round out the top three, with total returns in that period of more than 4%. A combo of attributes Core bond funds have a combination of features that prepare them for downturns.

Persons: Liz Young, Lehman, Calvert, Paul Olmsted, Olmsted Organizations: Nasdaq, Federal, Lehman Brothers, Bond Fund, Morningstar Direct, Funds, Bond Fund of America, Morningstar, Treasury Bond ETF

☆ These Funds Offer a Way to Lock In High Bond Yields
▼ + stars: | 2023-11-06 | by ( Jack Pitcher | ) www.wsj.com time to read: 1 min

Investors looking to lock in higher yields are turning to a lesser known type of bond fund. Defined-maturity exchange-traded funds have surged in popularity recently. As their name suggests, the bond funds mature and liquidate on a specific date, similar to how an individual bond pays back its principal.

☆ Investors poured more than $5 billion into active bond ETFs in October. Here are the top names
▼ + stars: | 2023-11-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Investors are piling into active fixed income funds at record levels, according to State Street Global Advisors. That brings inflows to $24.8 billion so far this year for active fixed income funds. In fact, 43% of the month's inflows went into ultra-short bond funds, according to State Street. With that in mind, CNBC Pro screened for active bond exchange-traded funds with the largest inflows in October. Here are the active bond funds with the largest inflows year to date.

Persons: Matthew Bartolini, Bartolini, —, Jesse Pound, Michael Bloom Organizations: Street Global Advisors, Americas Research, State, Federal Reserve, Treasury, CNBC Pro Locations: Americas

☆ Investors are jumping into this bond ETF in numbers that rival the ARK Invest bubble
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The furious rise in interest rates appears to be fueling a spike in trading for long-term bond products, even those focused on high quality Treasurys. While many long-term bond funds have seen recent inflows, the iShares 20+ Year Treasury Bond ETF (TLT) is extending its ETF market leadership position. The popularity of ARKK was a classic momentum trade, while bond funds have mostly been crushed over the past year. TLT YTD mountain Long-term bond funds like TLT have fallen sharply in 2023. Klingelhofer did say he was more interested in adding mid-term duration than long-term duration products, however.

Persons: Todd Sohn, ARKK, " Sohn, Sohn, Jeff Klingelhofer, Klingelhofer, Allison Bonds, it's, Bonds Organizations: Treasury Bond ETF, Innovation, CNBC, Thornburg Investment Management, State Street Global Advisors

☆ Bond fund managers head for third year of losses for first time in decades
▼ + stars: | 2023-10-31 | by ( Harry Robertson | ) www.reuters.com time to read: +4 min

Reuters GraphicsEuropean funds have effectively returned nothing this year after two down years, Morningstar data shows. Government bond funds have fared even worse and are set for three years of losses in both the U.S. and Europe. Bond yields rise as prices fall, and vice versa. Reuters GraphicsBank of America said there were $5.6 billion of inflows to long-dated Treasury funds last week, the largest on record. ICI data shows that U.S. money market funds have ballooned to $5.6 trillion in assets, from $4.6 trillion in October last year.

Persons: Dado Ruvic, Stefano Fiorini, Oliver Blackbourn, Janus Henderson, You've, Jonas Goltermann, Max Kettner, Harry Robertson, Mark Potter Organizations: REUTERS, Reuters Graphics, Morningstar, U.S, Generali Investments Partners, Reserve, Reuters, Treasury, Citi, ICE, Fed, Capital Economics, Investment Company Institute, Reuters Graphics Bank of America, Reuters Graphics Reuters, ICI, HSBC, Thomson Locations: Europe, U.S

☆ BlackRock's next high-stakes bet: lending out cash
▼ + stars: | 2023-10-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

Goldstone was referring to a type of business-development company, an investment vehicle widely used in the private-credit market. The vehicle Condor allocated to is a slice of BlackRock's $81 billion private-credit business, which is part of the wider $317 billion alternative-assets platform. 'Size matters'In the summer, BlackRock executives teased out their focus on private credit and fixed income broadly during an investor-day presentation. BlackRock's string of private-credit developments adds up to a long-term bet that this dynamic will continue. "That, in essence, is the paradox of private credit."

Persons: David Goldstone, Goldstone, BDC, it's, hasn't, Rowe Price, Franklin Templeton, Blackstone, Axel Springer, Greg Greifeld, Greifeld, Tim Clarke, Rob Kapito, We've, Jim Keenan, BDCs, Keenan, Clarke, PitchBook, they're, Larry Fink, " Fink, Merrill Lynch, BlackRock, Jared Gross, J.P, Phil Tseng, BlackRock's, Gross, Morgan Organizations: Condor Capital Wealth Management, Condor, BlackRock, BlackRock doesn't, Federal Reserve, Fidelity, Apollo, KKR, Growth, BlackRock TCP Capital Corp, BlackRock Capital Investment Corp, Kreos, Barclays, Tennenbaum Capital Partners, Morgan, who's Locations: New Jersey, BlackRock, PitchBook, Banks, London

A financial planner told me I need to understand how my retirement account is invested. I don't feel like I have the knowledge or time to be able to manage my retirement accounts on my own. However, Kovar said it's still important to keep a pulse on what's happening inside of those retirement accounts. Kovar recommended that people look at their retirement accounts every 6-12 months to determine how much risk they want to take on. Kovar recommended those with a 401(k) consider having a second retirement fund as well, so their investment options aren't limited.

Persons: —, it's, Taylor Kovar, Kovar Organizations: Service

☆ Global equity funds experience notable outflows amid U.S. yield worries
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Investors pulled out a net $7.46 billion from global equity funds during the week, extending outflows into a sixth straight week, data from LSEG showed. European equity funds logged about $7.39 billion worth of outflows during the week, the biggest amount since Sept. 28, 2022. Investors also divested $2.69 billion worth of U.S. equity funds but poured $2.53 billion in Asian funds. Investors also accumulated $18.3 billion worth of money market funds after $108.7 billion worth of net selling a week ago. Data covering 28,654 emerging market funds showed that investors exited EM equity funds of $2.55 billion, extending outflows into an 11th straight week.

Persons: Dado Ruvic, Gaurav Dogra, Patturaja, Alison Williams Organizations: REUTERS, Global, Investors, Reuters Graphics Reuters, Treasury, Commodities, Energy, Thomson Locations: outflows, LSEG, Bengaluru

☆ Protect your portfolio income from hefty state taxes with these funds
▼ + stars: | 2023-10-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors in high-tax locales can protect some of their portfolio income from steep levies by adding state-specific municipal bond funds to their fixed-income roster. "In the muni bond fund market, we're seeing yields higher than they have been in more than a decade," said Amy Arnott, portfolio strategist for Morningstar Research Services. That's because while muni bond income is generally free of federal taxes, it can also avoid state levies if the investor resides in the state where the bond was issued. That's where state-specific muni bond funds come into the picture. See below for a chart of 10 large state-focused muni bond funds.

Persons: Bonds, haven't, Amy Arnott, Dan Herron, Herron, Arnott, CNBC's Gabriel Cortes Organizations: Federal Reserve, Muni Bond ETF, Morningstar Research Services, Vanguard, SEC, Vanguard New, CPA, Wealth Advisors, muni Locations: California, New York, Massachusetts, Ohio, Jersey

☆ China's new bonds to help economic recovery, official says, as budget deficit rises
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - China's new sovereign bonds will help bolster the economic recovery, China's vice finance minister Zhu Zhongming said on Wednesday, as the government's stepped-up fiscal stimulus sharply raises its budget deficit. The government's debt level is still within a reasonable range, the minister said, without giving details. Analysts at UBS expect the government to raise its budget deficit and special local bond quotas for 2024, alongside further cuts in interest rates and bank reserve requirement ratios. China's parliament has also approved a bill to allow local governments to front load part of 2024 local bond quotas. Local governments had been told to complete the issuance of the 2023 quota of 3.8 trillion yuan in special local bonds by September to fund infrastructure projects.

Persons: Dado Ruvic, Zhu Zhongming, Zhu, Ting Lu, Ellen Zhang, Kevin Yao, Christopher Cushing Organizations: REUTERS, Rights, Nomura, UBS, Thomson Locations: Rights BEIJING, Beijing, China

☆ US equity funds suffer outflows on rising bond yields, geopolitical tensions
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 20 (Reuters) - U.S. equity funds registered huge withdrawals in the week ending Oct. 18, hit by a surge in bond yields and escalating geopolitical tensions in the Middle East. Investors sold $4.57 billion of U.S. equity funds on a net basis during the week, logging outflows for the fifth consecutive week, according to LSEG data. Reuters Graphics Reuters GraphicsUtilities and tech topped sectoral outflows, booking $931 million and $707 million of outflows each. Reuters Graphics Reuters GraphicsInvestors also liquidated about $3.66 billion of bond funds, compared with about $1.13 billion of net purchases in the previous week. U.S. short/intermediate investment-grade, and high yield funds saw $2.4 billion and $1.93 billion worth of net selling, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Dhanya Ann Thoppil Organizations: New York Stock Exchange, REUTERS, Investors, Reuters Graphics Reuters Graphics U.S, Treasury, Reuters Graphics Reuters Graphics Utilities, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Bengaluru

The 40-year bond bull market - a slow-inflating bubble like any other to some people - has crashed. Bank of America chart on survey of global funds' bond positioningBond Multiverse Returns Flip Positive2008... OR 2000? Of course, bond bubbles and bursts - at least for top-rated sovereigns - are not same as their equity counterparts, even if the short-term performance of bond funds seems to ape them. But for bond funds praying for a shorter-term price performance pickup, the situation looks nervier. With such an ephemeral variable at work, picking a durable turn in the battered bond market may prove fiendishly difficult.

Persons: Jason Lee, That's, Fed's, Olivier Davanne, midyear, Davanne, Mike Dolan Organizations: Hong, REUTERS, Treasury, U.S, Bank of America's, Federal Reserve, of America, Bloomberg, Invest, Reuters, Thomson Locations: Hong Kong, Paris

☆ Keep your sweetened CD yields going with this maneuver
▼ + stars: | 2023-10-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The one-year Treasury bill is yielding 5.47% Wednesday, and one-year CDs at some institutions offer annual percentage yields exceeding 5%. "It always makes sense to look at the landscape," said Danika Waddell, a certified financial planner and founder of Xena Financial Planning. Ally Financial and Bread Financial are among the institutions offering a higher renewal rate for customers who stick around. Consider that about a year ago, the average one-year CD had an APY of less than 1%, according to Bankrate.com . Consider that Synchrony Financial has an 11-month no-penalty CD that offers a 4.5% APY, while its 12-month standard CD yields 5.1%.

Persons: Danika Waddell, Morgan Stanley, Banks, Betsy Graseck, Mark Hamrick, It's, Waddell, Michael Bloom Organizations: Federal Reserve, Treasury, Investors, Xena, PNC, WFC, Bankrate.com, Ally, Federal Deposit Insurance Corp Locations: JPM

Search resuls for: "Bond Funds"

25 mentions found