We Are In Q1 2024, our consumers spent very vigorously on services at the fastest growth rate since 2021, adjusted for inflation, but not so vigorously on goods. And private fixed investment jumped at the fastest rate in two years. But dragging on GDP were the trade deficit, which worsened sharply on a majestic surge…
DNY59 Track fixed income opportunities with this monthly update. One way to identify opportunities in fixed income is to look at bond yields. That’s because yield, which is based on a bond’s price and coupon payments, reflects total return potential. Yields can change over time and across bond sectors. Spread, which refers to the difference…
Tzido/iStock via Getty Images Thesis We covered the BlackRock Flexible Income ETF (NYSEARCA:BINC) shortly after its inception almost a year ago. In our original piece, we described the new fund and the intent of the asset manager in a macro environment that was favorable to fixed income funds. We are going to re-visit this name…
Lemon_tm Dear Fellow Shareholders, FPA Flexible Fixed Income Fund (the “Fund”) returned 4.11% in the fourth quarter of 2023 and 9.02% for the year ended December 31, 2023. With inflation progressing towards the Federal Reserve’s 2% inflation objective, the Federal Reserve held the Fed Funds rate constant throughout the fourth quarter. The Federal Reserve also…
DNY59 At the beginning of the year, we sat down with Michael Goosay, Chief Investment Officer, Global Fixed Income, to discuss his outlook for the fixed income markets in 2024, where he sees opportunities, and potential performance drivers. Q: In many ways, fixed income markets felt like a mixed bag in 2023. Do you expect…
Natee127 Similarweb (NYSE:SMWB) has always been a company we liked. Even for investor intelligence, its tools have been useful, and over the years they’ve been improving their product and perfecting their monetisation scheme. The key strategic considerations are to have a lot of action at the top of the funnel, and then effectively upsell customers…
Since launching as a cross-chain payments platform in 2017, Kava has gone on to score big wins in the world of decentralized finance (DeFi). Moments ago, Kava blockchain announced “Kava Tokenomics 2.0”, an upgrade that makes it the first hard-capped, decentralized Proof-of-Stake Layer 1. According to the announcement, Kava will now offer competitive on-chain rewards,…
Max Zolotukhin/iStock via Getty Images By Kevin Flanagan In what can be described as a big understatement, calendar year 2023 proved to be an incredible roller-coaster for U.S. fixed income. From interest rates to spread movements, volatility continued to be underscored in a rather noteworthy fashion. However, with all of this back and forth, an…
DNY59 You can only make a big splash off of a high diving board It is a well-known axiom that while financial markets are clearly related to the economy, they are not equivalent things. That proposition could be seen amply well from 2021 to 2023 when the economy displayed remarkable resilience to the most rapid…
DNY59 Transcript Kim Stafford: Hello, I’m Kim Stafford and I’m here again with PIMCO Group CIO Dan Ivascyn to give you an inside look at some of the recent discussions taking place within PIMCO’s Investment Committee or IC. Dan, thanks for joining us. Dan Ivascyn: Thanks, Kim. Kim Stafford: Before we get started, it’s the…
We think the time to take advantage of high rates in the fixed income markets is running out BrianAJackson Brian Dress, CFA — Director of Research, Investment Advisor Last month we (somewhat) gently made the case that opportunities in the bond market for high quality corporate securities is very attractive. This month, we are going…
Abu Hanifah The data sourced in the article below is derived from Lipper’s Global Fund-Flows application which may differ slightly from the Lipper U.S. Fund-Flow data due to timing and methodology. This new application can be found on LSEG Workspace. During LSEG Lipper’s fund-flows week that ended October 4, 2023, investors were overall net purchasers…
DNY59 By Paul Mielczarski At the start of the year, many investors predicted 2023 would be the year of the bond. Instead, while fixed income returns have struggled, US equities have delivered double-digit returns. Stocks have benefited from conservative investor positioning at the end of 2022, a resilient US economy, and the expectation of an…
blackred ~ by Snehasish Chaudhuri, MBA (Finance) abrdn Asia-Pacific Income Fund Inc (NYSE:FAX) invests in fixed income securities in the markets of Asia-pacific region. The fund primarily invests in government bonds, quasi-sovereign debts, and bonds of financial institutes. During my last coverage, I found FAX invested in the right markets and in the right currency….
studio-omg/iStock via Getty Images Dear Fellow Shareholders, FPA Flexible Fixed Income Fund (FFIAX, the “Fund”) returned 1.20% in the second quarter of 2023 and 3.48% year-to-date through June 30, 2023. Sector As of 6/30/2023 Yield-to-worst1 7.60% Effective Duration 1.83 years High Quality Exposure2 72.3% Credit Exposure3 27.7% Click to enlarge As inflation abated during the…