Sign Up Now!

Sign up and get personalized intelligence briefing delivered daily.


Sign Up

Articles related to "bond-markets"


U.S. Corporate-Bond Rally Rolls Into 2021

  • As of Thursday, the average extra yield, or spread, investors demanded to hold investment-grade corporate bonds over U.S. Treasurys was 0.93 percentage points, according to Bloomberg Barclays data.
  • The move reflects investors’ growing confidence that highly rated U.S. companies will endure the pandemic, boosted by vaccine rollouts, economic stimulus and easy money from the Federal Reserve.
  • Spreads had widened sharply during 2020’s early year market turmoil, when many investors feared the pandemic would spark a wave of defaults and bankruptcies, fueling losses in corporate debt.
  • The Fed’s intervention, which included cutting interest rates and buying billions of dollars worth of bonds, helped fuel a recovery.
  • With rates near zero, investors chased extra yield in the investment-grade market, helping companies refinance their debt at lower interest rates and raise record amounts of cash to protect balance sheets from the pandemic’s blows.

save | comments | report | share on


Yellen to Make Clear U.S. Doesn’t Seek Weak Dollar

  • WASHINGTON—Janet Yellen is expected to affirm the U.S.’s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn’t seek a weaker dollar for competitive advantage, according to Biden transition officials familiar with her hearing preparation.
  • The remarks would represent a return to the U.S.’s hands-off approach to the dollar, which President Trump had deviated from by often publicly calling for a lower dollar.
  • Ms. Yellen, the former Federal Reserve chairwoman, is set to appear before the Senate Finance Committee Tuesday as it considers her nomination to be the next U.S. Treasury secretary, succeeding Steven Mnuchin.
  • Ms. Yellen is also expected to say the intentional targeting of exchange rates to gain an unfair advantage in trade is unacceptable.

save | comments | report | share on


Yellen Prepared to Affirm Commitment to Market-Determined Dollar Value

  • WASHINGTON—Janet Yellen is expected to affirm the U.S.’s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn’t seek a weaker dollar for competitive advantage, according to Biden transition officials familiar with her hearing preparation.
  • The remarks would represent a return to the U.S.’s hands-off approach to the dollar, which President Trump had deviated from by often publicly calling for a lower dollar.
  • Ms. Yellen, the former Federal Reserve chairwoman, is set to appear before the Senate Finance Committee Tuesday as it considers her nomination to be the next U.S. Treasury secretary, succeeding Steven Mnuchin.
  • Ms. Yellen is also expected to say the intentional targeting of exchange rates to gain an unfair advantage in trade is unacceptable.

save | comments | report | share on