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☆ 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

☆ This structured credit ETF offers a higher yield than Treasuries and just hit $4 billion in assets
▼ + stars: | 2023-10-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Janus Henderson AAA CLO ETF (JAAA) , which buys highly rated collateralized loan obligations, has grown rapidly this year and outperformed many popular bond ETFs. The fund has a 30-day SEC yield of 6.66%, putting it above the yield of U.S. Treasuries. JAAA YTD mountain The JAAA ETF has held up this year despite rising interest rates. There are other CLO ETFs on the market, including the BlackRock AAA CLO ETF (CLOA) that launched earlier this year, but JAAA is the largest. Given the size and depth of the AAA CLO market, the fund should have no problems operating until it is about $20 billion in assets, at least, he estimated.

Persons: Janus Henderson, John Kerschner, Kerschner, JAAA Organizations: Janus Henderson AAA CLO, SEC, CLOs, Treasury, Treasury Bond ETF, CNBC, JPMorgan AAA CLO, BlackRock AAA, AAA Locations: JAAA

☆ 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

☆ Why It Finally Pays to Keep Your Savings in Cash Again
▼ + stars: | 2023-10-12 | by ( Steve Garmhausen | ) www.wsj.com time to read: +5 min

By Steve GarmhausenGood news for savers: interest rates on high-yield savings accounts and CDs are beating inflation. Savings accounts and CDs, even the best of them, paid interest rates below the rate of inflation. If inflation is, say, 5% and your savings account pays 1%, $1,000 in cash will be worth just $960 in a year. The average savings account interest rate is just .42% and the typical one-year CD pays 1.72%. “The difference between an online savings account and the average brick and mortar account is huge right now,” says Tumin.

Persons: Steve Garmhausen, ”, Ken Tumin, they’ve Organizations: Federal, Fed, Capital, City Credit Union, Bond Fund, ETF

☆ Potential end of biggest bond bear market ever has some investors considering fixed income for the first time
▼ + stars: | 2023-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Bonds are starting to make a lot of sense for investors, Forrest said. Even after pulling back somewhat from those levels, the benchmark yield remains within striking distance of the key 5% threshold. The potential unwinding of what BofA recently called the "greatest bond bear market in history" has more investors trying to lock in higher yields ahead of potential rate cuts next year from the Federal Reserve. 'A lot for us to love bonds' Other investors are building out their bond exposure. The Vanguard Total Bond Market ETF (BND) is off by more than 2% in 2023, but greater than 1% on the week.

Persons: Kim Forrest, she's, Forrest, Bonds, Treasurys, Forrest isn't, Nancy Tengler, She's, —, Tengler, Bryce Doty, Emily Roland, CNBC's, I've, Roland, we've, Lawrence Gillum, Bokeh Capital's Forrest, Sit Investment's Doty, LPL Financial's Gillum, Gillum, Sit's Doty, Doty Organizations: Bokeh Capital Partners, Bank of America, Treasury, Federal Reserve, Laffer, Sit Investment, John Hancock Investment Management, LPL, Bloomberg, Bond, Aggregate Bond, Bond Market, Corporations Locations: U.S, Israel

☆ CHART OF THE DAY: Investors keep buying bond funds amid one of the worst crashes in market history
▼ + stars: | 2023-10-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The bond market is experiencing one of its worst declines on record after interest rates surged. AdvertisementAdvertisementOur Chart of the Day is from Bank of America, which highlights the painful decline experienced in the bond market over the past few years. The iShares 20+ Year Treasury Bond ETF has plunged as much as 47% from its 2020 peak, making the collapse worse than the 1981 bond bear market and on par with some of the worst market crashes in history. AdvertisementAdvertisementBut despite the pain, investors are pouring billions of dollars into bond funds, with high bond yields luring in a fresh wave of buyers. For the rout in the bond market to end — and for all of these bond fund buyers to make money — interest rates need to fall.

Persons: — Organizations: Treasury ETF, Service, Bank of America, Treasury, Federal Reserve, America

☆ Some riskier income funds yield more than 8%. Just the time for investors to be vigilant
▼ + stars: | 2023-10-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

High yield bond funds tout sweet yields, but swirling concerns around the economy are spurring questions on how much longer the income party will last. Consider that the 30-day yield on the SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is 8.78%. Indeed, the Morningstar U.S. high yield bond index has a year-to-date total return of 4.61%, compared to the -1.29% total return on Morningstar's U.S. corporate bond index . Consumers are also a focal point when it comes to the economic outlook, according to Peter Higgins, head of fixed income and senior fixed income portfolio manager at Shelton Capital Management. Being selective about risk UBS is neutral on high yield overall, but positive on short-dated high yield paper of good quality companies.

Persons: Paul Olmsted, Olmsted, Alina Golant, Golant, Peter Higgins, Dow Jones, Shelton's Higgins, Morningstar's Olmsted, Michael Bloom Organizations: Investors, Federal Reserve, Morningstar U.S, Morningstar's, Morningstar, UBS, Shelton Capital Management

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ US bond funds suffer outflows on rate worries; money market funds gain traction
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - U.S. bond funds saw significant outflows in the week ending Oct. 4, driven by concerns about prolonged elevated interest rates, while money market funds garnered substantial inflows as investors recalibrated their risk exposure amid a bond market sell-off. According to LSEG data, investors offloaded U.S. bond funds worth a net $6.34 billion during the week, the biggest amount since Dec. 21, 2022. Money market funds meanwhile, received about $43.15 billion in inflows, the highest since April 26, 2023. Investors exited equity growth funds worth $2.05 billion and value funds worth $1.23 billion. Reuters Graphics Reuters GraphicsNotably, consumer staples, healthcare and consumer discretionary sectors observed net outflows of $637 million, $461 million and $397 million, respectively.

Persons: Dado Ruvic, outflows, Gaurav Dogra, Patturaja, William Maclean Organizations: REUTERS, Federal Reserve, Reuters Graphics Reuters, Treasury, Thomson Locations: Bengaluru

☆ Investors hope U.S. job numbers give Fed less reason to hike
▼ + stars: | 2023-10-06 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Although the MSCI All-Country stock index (.MIWD00000PUS) was 0.2% higher, it has lost about 8% since its July peak, leaving it about 7% ahead for the year. We are talking about the duration, rather than higher rates," Spencer said. The dollar index is up 12 weeks in a row, equalling a streak that ran from July to October 2014. The dollar index was steady on Friday at 106.38. Gold was also steady at $1,821 an ounce after nine days of losses driven by rising global bond yields.

Persons: Brendan McDermid, Nonfarm, Patrick Spencer, RW Baird, Spencer, YEN, Kyle Rodda, Huw Jones, Tom Westbrook, Shri Navaratnam, Clarence Fernandez, Chizu Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, Global, Analysts, Tokyo's Nikkei, London, Thomson Locations: New York City, U.S, Europe, Asia, Pacific, Japan

☆ Bonds 'in greatest bear market of all time' - BofA
▼ + stars: | 2023-10-06 | by ( Samuel Indyk | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - The rout in the fixed-income market is causing the "greatest bond bear market of all time", Bank of America Global Research said in a note on Friday, as the peak-to-trough loss in the U.S. 30-year yield hit 50%. In its weekly "Flow Show" report, BofA said bond funds saw $2.5 billion in outflows in the week to Wednesday, citing EPFR data. BoFA's report showed that the current loss in 30-year bonds from the peak in the market in July 2020 to now far outpaces that of any previous bear market, making this one what it calls "the greatest of all time" and the "humiliation trade" right now is buying bonds. BofA said its "Bull & Bear indicator", dropped to a five-month low of 2.6 on poor equity breadth, outflows from emerging markets, high yield bonds and developed market stocks. BofA said it prefers to "sell the rips" in the upper half of S&P 500's (.SPX) range of 3,600-4,200 as they are "convinced the bear market has unfinished business".

Persons: Dado Ruvic, BofA, BoFA's, Michael Hartnett, Samuel Indyk, Amanda Cooper, Sharon Singleton Organizations: REUTERS, Bank of America Global Research, Equity, Thomson Locations: U.S, outflows

☆ The one thing in markets everyone should be watching
▼ + stars: | 2023-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The 10-Year US Treasury yield is arguably the most important thing to watch right now for investors. The 10-Year yield has soared to levels not seen since 2007, and that's having a big impact on stock prices. Here's what you need to know about what bond yields are doing to markets and the economy. Rising bond yields are also thrashing the bond market, as bond prices fall when yields rise. AdvertisementAdvertisementHigher interest rates also means higher credit card rates, leading to a rise in delinquencies in recent months.

Persons: —, It's, Ray Dalio, Bill Ackman, Bill Gross, JPMorgan's Marko Kolanovic, Kolanovic Organizations: Treasury, Service, Treasury Bond ETF, Fed, Pershing, CNBC Locations: delinquencies

☆ Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.

Persons: Kevin Lamarque, ”, Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries

☆ Column-Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

☆ Morning Bid: This Fed's not for turning
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +5 min

The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. That thought was echoed by Cleveland Fed chief Loretta Mester, who said: "I suspect we may well need to raise the fed funds rate once more this year." Either way, this is not the sound of a Fed who thinks the inflation battle is won. Fed hawkishness, however, has kept futures markets pricing a 50-50 chance of another quarter point rate hike to the 5.50-5.75% range by year-end. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jason Reed, Mike Dolan, they've, Michelle Bowman, Loretta Mester, Michael Barr, hawkishness, Raphael Bostic, Susan Fenton Organizations: U.S . Federal, REUTERS, Reserve, Cleveland Fed, Institute, Supply, Bank of Japan, Reserve Bank of Australia, Big Tech, Atlanta Federal Reserve, Treasury, McCormick, PMI, Reuters, Thomson Locations: Washington, U.S

☆ Investors can grab yield exceeding 5% with this bond fund Morningstar calls 'one of the best'
▼ + stars: | 2023-10-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The actively managed fund, which trades under the ticker FBND, has a 30-day SEC yield of 5.41%, according to Morningstar. FBND's total return year to date is -0.83%, as of Monday, according to Morningstar , which gives the fund four-stars. It has a trailing 5-year total return of 0.87%. So on a risk-adjusted basis, it's really, really strong," he added. When rates started to go up, the team bought the long end of the Treasury yield curve.

Persons: Morningstar, It's, Mike Mulach, Celso Muñoz, we've, Muñoz, Ford O'Neil, we'll Organizations: Fidelity, Bond, SEC, Morningstar, Bloomberg, Bond Funds, Muñoz, Federal National Mortgage Association, National Mortgage Association, Bank of America, Treasury, Federal Locations: outperformance

☆ Money managers are shifting their attitude to ESG as 'realism' sets in, says S&P's Dan Yergin
▼ + stars: | 2023-10-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

"If you're in a money management business, you do need returns," said Yergin. "And we've seen that with more North American funds that, yes, we want to do energy transition, we want to do ESG. But we actually need returns as well. In the second quarter of this year, investors have pulled $635 million from U.S. sustainable funds, according to funds research firm Morningstar. That racks up a total outflow of $11.4 billion from these sustainable funds in the past year.

Persons: Dan Yergin, Yergin, Morningstar Organizations: CNBC, Blackrock Locations: U.S

☆ Oil prices and the dollar surged in the third quarter. These ETFs can help you reset your portfolio
▼ + stars: | 2023-09-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

.DXY 1Y mountain The dollar index hit new highs for 2023 in September. "Energy equities haven't really kept up with the energy market rally," she added. The latest iShares outlook highlighted the firm's U.S. Energy ETF (IYE) as a way to play higher oil prices. Other major funds in that category include the Energy Select Sector SPDR Fund (XLE) , the Vanguard Energy Index ETF (VDE) and the Fidelity MSCI Energy Index ETF (FENY) . Investors can outsource currency market decisions in the form of managed futures ETFs, which have exposure to currency markets in addition to other asset classes.

Persons: Gargi Chaudhuri, Morgan Stanley, Sasikanth Chilukuru, It's, Chaudhuri, Todd Sohn, Sohn, Andrew Beer, Beer, You've, Anastasia Amoroso, There's, Amoroso Organizations: Texas, BlackRock, iShares, Energy, U.S . Energy, Vanguard Energy, Fidelity MSCI Energy, Wall, U.S ., Invesco DB, Fund, WisdomTree Bloomberg, Investors, Global, Apple, Nvidia Locations: U.S, Saudi Arabia, DBi, Japan

☆ Global bond funds register big outflows on rate worries
▼ + stars: | 2023-09-29 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

According to LSEG data, global bond funds suffered disposals of $3.25 billion on a net basis, compared with $2.29 billion worth of net purchases in the week before. High-yield bond funds booked $3.11 billion of net selling during the week, the biggest outflow in six months. Investors also shed $300 million worth of corporate bond funds while pouring about $2.35 million into government bond funds. Data showed global equity funds experienced a net $10.7 billion worth of outflow, the biggest in a week since Aug. 23. Data for emerging markets comprising 28,251 funds showed that equity funds’ outflows stood at $3.7 billion, the highest since June 7.

Persons: Brendan McDermid, outflows, ’ outflows Organizations: Reuters, New York Stock Exchange, REUTERS, U.S . Federal Reserve, European Central Bank, Bank of England, Investors, ’ Locations: New York City, U.S, outflows, outgo

☆ US equity funds see biggest weekly outflow in three months
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

According to LSEG data, U.S. equity funds suffered outflows of a net $11.69 billion, the biggest of any week since June 21. Equity value funds observed $4.37 billion worth of outflows, the most since December 2022. Meanwhile, growth funds witnessed about $1.95 billion worth of net outgo. U.S taxable bond funds witnessed $2.27 billion worth of net selling, while net withdrawal from municipal bond funds stood at $1.42 billion. Investors offloaded high-yield bond funds of a net $2.6 billion in their biggest weekly net disposal since Feb. 22.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Jan Harvey 私 Organizations: New York Stock Exchange, REUTERS, Reuters Graphics Reuters, Investors Locations: New York City, U.S, Bengaluru

☆ Wall Street is betting on an active management comeback with new ETF launches
▼ + stars: | 2023-09-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

There were 68 active fund launches in the third quarter as of Sept. 22, compared to 49 indexed fund launches, according to CFRA. Passive funds still make up the majority of the ETF market, and they typically cost less than active products. JEPI, the biggest active ETF, has underperformed the S & P 500 this year but is still attracting new cash. "One of the problems with straightforward active funds, and we do run some straightforward active funds, is that very often ... you are tethered to that broad index, whatever happens to be in that. Abbott's firm launched five new active funds last week, including the Matthews Japan Active ETF (JPAN) .

Persons: Rachel Aguirre, Euan Munro, BNY Mellon, Cooper Abbott, Stephanie Pierce, Dreyfus, Jeremy Grantham's, Abbott Organizations: BlackRock, CNBC, JPMorgan —, Nasdaq, Newton Asset Management, BNY, Matthews Asia, Matthews Japan Active, SEC, Mellon & Exchange, BNY Mellon Investment Management Locations: BALI, BlackRock

☆ Morning Bid: Markets catch breath after bruising recoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +5 min

China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.

Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States

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