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Two starkly different House candidates, in separate races, personify the intensifying ideological partitioning occurring within the once strongly Democratic constituency of Latino voters, whose numbers are growing. Their highly competitive races, along with a few other California congressional races, have pushed Latino voters to the front lines of the bitter fight for control of the House. “We have centered on Latino voters in our campaign,” said Whitesides, whose wife is of Cuban and Salvadoran heritage. In the same poll, 52% of Latino voters in District 27 said they support Whitesides, compared to 24% for Garcia and 24% completely undecided. In the last presidential election, Latino turnout was very high, and now it “actually is approaching the turnout rate for non-Latinos,” Vargas said.

Persons: Rudy Salas, Mike Garcia, Salas, David Valadao, Garcia, Democrat George Whitesides, ”, Arturo Vargas, —, wasn’t, he’d, ” Salas, “, aren’t, Valadao’s, Donald Trump, Valadao, Irfan Khan, Luis Alvarado, ” Alvarado, ” Garcia, he’s, Joe Biden, Whitesides, ” Whitesides, George Whitesides, Susan Montoya Bryan, Kamala Harris, Biden, Harris, Julián Castro, ” Vargas, Harris — Organizations: Democratic, California’s Central Valley ., House, Republicans, Five, GOP, Democrat, NASA, National Association of Latino, Central, “, Representatives, Capitol, Los Angeles Times, Getty, Democrats, Republican, Congress, California Republican, Center, Politics, University of Virginia, Los Angeles In, Naval Academy, Navy, Trump, Virgin Galactic, NBC, Latino Community Foundation, Valadao, BSP Research Locations: California’s Central Valley, Los Angeles, California, Five California, Valley, Central Valley, Azores, Hansford, Calif, Los Angeles In California’s, Mexico, Black, Cuban, Salvadoran, homeownership, Upham, N.M

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ This sector is loved by Wall Street for its attractive yields and relative value
▼ + stars: | 2024-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles like money market funds and certificates of deposit since the Federal Reserve started hiking interest rates. Interest rates appear to be staying higher for longer, with the Federal Reserve on Wednesday projecting only one rate cut this year. Agency MBS have a duration of about six years, per the Bloomberg US MBS Index as of June 3, Jones noted. Right now, the residential mortgage-backed securities sector looks attractive because of its relative value compared to investment-grade corporate bonds, he said.

Persons: Jones, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Wells Fargo, Luis Alvarado, Alvarado, Falconio Organizations: Federal Reserve, Investment Company Institute, Schwab Center, Financial Research, Agency MBS, Bloomberg, MBS, UBS, Wells, Wells Fargo Investment Institute, Investors, corporates, UBS America's, AAA Locations: UBS Americas, Wells, Wells Fargo

☆ Now is the time to buy longer-dated bonds as 10-year Treasury yields push near 2007 highs, Schwab says
▼ + stars: | 2023-08-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With 10-year Treasury yields at their highest since shortly before the financial crisis, it's a good time to add duration to your fixed income portfolio, according to Charles Schwab fixed income strategist Cooper Howard. "If I were a betting man, I think the odds favor moving lower rather than higher," Howard said. Even if there is more upside in yields ahead, Howard still thinks the risk/reward looks attractive on longer-term bonds right now. US10Y YTD mountain US 10-year Treasury Where to add duration depends on your risk tolerance, according to Howard. "This is why we still maintain a favorable view toward extending duration and view the 10-year Treasury yields above 4% as an opportunity to add duration exposure," Alvarado wrote.

Persons: Charles Schwab, Cooper Howard, Howard, Jerome Powell, Wells Fargo, Luis Alvarado, He's, Alvarado, Michael Bloom Organizations: Federal, Investors, Treasury, Bloomberg Municipal Bond Index, Bloomberg U.S, Corporate, Treasury Bond Locations: Jackson Hole , Wyoming

☆ The 'time has come' for mortgaged-backed securities, says UBS. Here's what to know
▼ + stars: | 2023-07-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The AAA asset class in agency MBS can bring in a yield ranging as high as 5.5% to 6%, said Leslie Falconio, head of fixed income strategy in UBS Americas' chief investment office. "Agency mortgages are the cheapest part, on a risk-adjusted basis certainly, in the entire fixed income market." She specifically likes agency MBS and expects them to "materially outperform" in the second half of the year. Luis Alvarado, a fixed income strategist at Wells Fargo, also looks at MBS as a possible replacement for some investment-grade corporate debt in a fixed income portfolio. UBS' Falconio is also awaiting a better entry point for CMBS, as well as nonagency MBS.

Persons: Leslie Falconio, Jeffrey Gundlach, Gundlach, Falconio, Luis Alvarado, He's, Alvarado, Wells, — CNBC's Michael Bloom Organizations: MBS, AAA, UBS, Agency, Federal Reserve, CNBC Locations: UBS Americas, Wells Fargo

☆ Get a risk-free 5% return as the 2-year Treasury yield hits a 16-year high. Here’s how to buy one
▼ + stars: | 2023-07-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Income-seeking investors are primed to pick up a risk-free return exceeding 5% now that the yield on the 2-year Treasury has spiked to highs last seen in 2007. Indeed, the yield on the 2-year Treasury – which is especially sensitive to Fed policy – leapt to 5.12%, its highest level since June 15, 2007. The rate on the 10-year Treasury also jumped over 4% at its highest point of the day. How to buy in To purchase Treasurys directly from the U.S. government, you can set up an account on TreasuryDirect.gov . If inflation outpaces the yield you're earning, it could erode the real rate of return earned on these notes.

Persons: Dow Jones, –, Luis Alvarado, — CNBC's Michelle Fox, Nick Wells Organizations: Treasury, Traders, Private, Federal Reserve, U.S ., . Locations: Wells Fargo, Treasurys

☆ Yields are popping again. Here's how investors can take advantage of that, according to the pros
▼ + stars: | 2023-02-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

How can investors ride on higher yields? Buy high-quality or short-term fixed income BlackRock Investment Institute said it likes high-quality credit and short-end government bonds "as interest rates stay higher for longer." "Fixed income finally offers 'income' after yields surged globally. "We believe that investors should hold around 2% of cash in their portfolios and should use short-term fixed income (anything below a 2-year maturity) as a proxy for cash," Alvarado added. Wells Fargo Investment Institute's tactical portfolios are allocating between 2% (for "aggressive growth investors") and 17% (for conservative income investors) to short-term fixed income.

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