Newsmakers
Economy Is Doing Fine, So Fed Shrinks Its Balance Sheet
Policymakers don’t want a repeat of 2019, when QT ruffled the markets.
Tag: Treasuries
Asset Allocation
S&P 500’s P/E Is Actually Lower Than Official Number, BofA Says
Changes to the market’s makeup call the validity of the multiple into question—and allow for even more market advances, per strategists.
Risk
Data Tells the Story: Jitters Along the Curve
Three-month T-bills are yielding more than the five-year Treasury.
Market Moves
Calm Corporate Bond Market Shows Everything Is OK, Says LPL
Tight spreads to Treasurys plus low yields show investors aren’t worried about the economy, strategist Gillum finds.
Asset Allocation
Special Report: What Low-Paying Fixed Income Still Gives Us: Ballast
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
At Morningstar: Bond Fund Managers Suggest Investors Build Liquidity
One sees parallels to 2007 in current market conditions.