The bond market may do something unusual for this time of year (via TradingNation)
Wells Fargo Securities' Michael Schumacher sees year-end bond market volume dropping off earlier than usual.
According to the firm's global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December. Not only is Wall Street still thinking about last year's painful historic stock market drop, Schumacher blames the geopolitical backdrop. He contends it's putting bond investors on edge.
"This week it's Brexit. Probably Brexit again next week. Trade after that. Hong Kong. Iran. You could go on and on and on," he told CNBC's "Schumacher said it has been a solid year for investors, so they are hesitant to push their luck with the"A lot of people, at least the ones I talk to, are saying it's been a good year," he said.
Schumacher recommends high-yield investments as a way to play the atypical backdrop and keep exposure to bonds. He'd also avoid long-duration bonds, particularly the"The best place to go is in fairly short duration credit," he said. "Maybe not the very, very front end of the curve, but call it the three-year part out to the five- to seven-year area. Decent yield. Decent carry. Not a ton of downside.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wells Fargo must offer 66 jobs to people it rejected in 2014Wells Fargo must offer 66 jobs to female and African American applicants it rejected, now that the U.S. Labor Department found the bank discriminated against them.
Weiterlesen »
Sarah Hyland and Wells Adams Celebrate Their Second Anniversary on InstagramModern Family star Sarah Hyland and her fiancé Wells Adams shared messages for each other's second anniversary on Instagram.
Weiterlesen »
Felicity Huffman's Daughter Looking Very Collegiate, NYC Bound?While Felicity Huffman's doing soft time in federal prison, her daughter looks ready to do some time back east at college.
Weiterlesen »
Felicity Huffman Settles $30k Tab with Feds, Daughter Looks CollegiateWhile Felicity Huffman's doing soft time in federal prison, her daughter looks ready to do some time back east at college.
Weiterlesen »
Airbnb's quarterly loss reportedly doubled in Q1, a bad sign as investors grow wary of money-losersAirbnb's losses doubled year over year in the first quarter to $306 million as it ramped up marketing spend.
Weiterlesen »
Why people think the Pakistan tour is a clue Kate Middleton is pregnant againAn unusual decision made about the Pakistan tour started the rumours.
Weiterlesen »