What Wild Bond Moves Mean for Individual Investors
Who knew the market for US Treasuries could be so exciting?
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“Brutal rout.” “Truly historic.” “The makings of a ‘potentially vicious cycle.’”? The past few weeks in bond markets have been a wild ride for an area most people find boring.?
What happened: Lower demand for long-term US Treasuries, a greater-than-expected need to fund the US deficit and hints from the Federal Reserve that interest rates may stay higher for longer have all contributed to dramatic swings in long-dated Treasury prices in recent weeks. Most notably, the 10-year Treasury yield breached the 5% mark for the first time in 16 years on Monday.
So what does it mean? And what can you do? Click here to keep reading and find out.?
More Americans Risk Meeting the Repo Man
Affording a car today is tough, and keeping current on auto loans is getting even tougher. Just how big a struggle it is is clear in the report from Bloomberg’s Claire Ballentine, which says Americans are falling behind on their auto loans at the highest rate since at least 1994.
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1 年Great read….