Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@ MFO Members: From the for what's its worth department ! When all is said and done on the last trading of the month, I believe my five fund portfolio will have gained about 8.50% for 2015. Regards, Ted As of 11/3/15 YTD: QQQ: 9.74% PRHSX: 9.03% FBTCX: 6.29% PFF: 3.71% SPY: 1.50% Total: 6.054%
"A lot of people lost money,” said Charles Comiskey, head of Treasury trading in New York at Bank of Nova Scotia, one of the 22 primary dealers obligated to bid at U.S. debt sales. “People were caught in those trades. In the old days, this would have been a one-week trade. In the new world, and in the less liquid market we live in today, it takes one day for the repricing.” The bond rout on Thursday added weight to warnings from Franklin Templeton's Michael Hasenstab that there is a “a lot of pain” to come as rising U.S. interest rates disrupts complacency in the debt market.
“A lot of investors have gotten very complacent and comfortable with the idea that there's global deflation and you can go long rates forever,” Mr. Hasenstab, whose Templeton Global Bond Fund sits atop Morningstar Inc.'s 10-year performance ranking, said this week. “When that reverses, there will be a lot of pain in many of the bond markets.” http://www.investmentnews.com/article/20151204/FREE/151209956/bonds-fall-270b-at-the-start-of-december
Thanks for this data post. I took note yesterday, too; as IEF was -1.05% and LQD was -1.33% if I recall properly. They both gained a bit today at +.37% and +.54%. Yesterday also found most broad-based, active managed bond funds ranging from -.5% through -.9%. Many of the broad-based, active managed bond funds recovered near +.5% today (Dec. 4).
Comments
Interesting article from Josh Brown re: CME
http://thereformedbroker.com/2015/11/28/one-stock-thats-begging-for-higher-rates/
Kevin
RiverPark Strategic Income Fund Retail Class
(MUTF:RSIVX)
9.25+0.01(0.11%)
Dec 2, 4:00PM EST
https://www.google.com/finance?q=MUTF:RSIVX&ei=zKZfVoHeNJPQjAH5rqDwBg
Also
WAIOX Ms Granitz continues to out perform M*'s MSCI A C W I Ex U S A NR U S D category.
Current Share Price (NAV): $2.92 as of 12/02/15
0.34% (Daily % Change)
Inception: 1/27/05
Net Assets: $485.6 (million) as of 12/02/15
http://performance.morningstar.com/fund/performance-return.action?t=WAIOX®ion=usa&culture=en-US
Actually, I did have a few:
TAFTX 17.77 +0.01 (0.06%)
AMHIX 15.57 +0.01 (0.06%)
GABAX 64.24 +0.46 (0.72%)
RSIVX 9.25 +0.01 (0.11%)
Regards,
Ted
As of 11/3/15 YTD:
QQQ: 9.74%
PRHSX: 9.03%
FBTCX: 6.29%
PFF: 3.71%
SPY: 1.50%
Total: 6.054%
brazil-stocks-rally-as-impeachment-move-brings-crisis-end-closer
"A lot of people lost money,” said Charles Comiskey, head of Treasury trading in New York at Bank of Nova Scotia, one of the 22 primary dealers obligated to bid at U.S. debt sales. “People were caught in those trades. In the old days, this would have been a one-week trade. In the new world, and in the less liquid market we live in today, it takes one day for the repricing.”
The bond rout on Thursday added weight to warnings from Franklin Templeton's Michael Hasenstab that there is a “a lot of pain” to come as rising U.S. interest rates disrupts complacency in the debt market.
“A lot of investors have gotten very complacent and comfortable with the idea that there's global deflation and you can go long rates forever,” Mr. Hasenstab, whose Templeton Global Bond Fund sits atop Morningstar Inc.'s 10-year performance ranking, said this week. “When that reverses, there will be a lot of pain in many of the bond markets.”
http://www.investmentnews.com/article/20151204/FREE/151209956/bonds-fall-270b-at-the-start-of-december
@ Ted PRHSX: FBTCX
You Chicagoans are "insiders"
Thanks for this data post.
I took note yesterday, too; as IEF was -1.05% and LQD was -1.33% if I recall properly. They both gained a bit today at +.37% and +.54%.
Yesterday also found most broad-based, active managed bond funds ranging from -.5% through -.9%. Many of the broad-based, active managed bond funds recovered near +.5% today (Dec. 4).
Regards,
Catch