Investors lick wounds after loading up on fixed-income assets as Treasury yield approaches 5%
A relentless global bond rout is piling pain on to investors who loaded up on fixed-income assets this year as they spied the end of central banks’ cycle of interest rate rises. The yield on the 10-year US Treasury note climbed to around 5 per cent — a level not seen since before the global financial crisis — on Thursday, capping a rise from around 3.5 per cent at the start of the year that goes hand in hand with a sharp decline in prices.
Among some of the largest actively managed bond funds, TCW’s Metropolitan West Total Return Bond fund is down nearly 4 per cent in the year to date, while Capital Group’s American Funds Bond Fund of America is down 3.7 per cent, according to Morningstar Direct. Passively managed funds, particularly those concentrated in longer-dated maturities have been hit particularly hard.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Married At First Sight star speaks out over 'heartbreaking' splitThe pair enjoyed a two year romance before calling it quits in December last year
Read more »
Lucapa's diamond guidance on track despite lower gradesRevenue fell 43% year-on-year in July-September
Read more »
- only unimaginable pain for Israel and GazaThe blast came just a day after a similar rocket hit the Al-Ahli Baptist Hospital in Gaza, killing more than 500 Palestinians
Read more »
Scientists develop new tool to precisely illuminate the roots of nerve painEngineers at MIT have developed soft and implantable fibers that can deliver light to major nerves through the body. When these nerves are genetically manipulated to respond to light, the fibers can send pulses of light to the nerves to inhibit pain. The optical fibers are flexible and stretch with the body.
Read more »
Janey Godley 'in hell' with pain following cancer treatmentThe Scottish comedian admitted she had a 'tough night' as she continues to battle terminal cancer.
Read more »
Britney’s Abortion Revelation: Yet More Proof Of Pain She’s Suffered Behind Her FameBritney's new book The Woman In Me details the heartbreaking secret Britney has kept for 20 years: that she had an abortion while she was dating Justin Timberlake.
Read more »