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Investment Grade Bonds and Sectors at 11:30am

catch22catch22
in Fund Discussions
The Fed is expected to raise short term rates and discuss the disposal/unwind of their bond holdings. Well, at least the short terms traders have their viewpoints as expressed in the percentage gains shown below. Tis still early in the day, and I will remain interested in price/yield movement in the coming days and weeks. NOTE: Retail sales have biggest drop in 16 months. The Fed folks have much to consider, eh?
http://www.reuters.com/article/us-usa-economy-idUSKBN1951Q8?il=0

IG bonds just below at 11:30am

LQD +0.83%

IEF +0.82%

EDV +2.19%

A view of sectors, with "bold" being interest rate sensitive or defensive in nature; generally, historically speaking.

Sector Change % down / up

Energy -0.75%
Basic Materials +0.02%
Industrials +0.10%
Cyclical Cons. Goods ... -0.06%
Non-Cyclical Cons. Goods +0.76%
Financials -0.25%
Healthcare +0.32%
Technology +0.22%
Telecommunications Serv +0.17%
Utilities +0.45%

Take care,
Catch

Comments

  • AndyJ
    edited June 2017
    The falling inflation figures out this a.m. are apparently one of the main reasons for the big drop in Treasury yields today. Muni CEFs are catching a bid, multi-sectors not so much.

    According to a source quoted by CNBC this morning, the Fed fund futures odds on a third rate hike this year have fallen well below 50-50, into the 30s at press time.
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