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A global bond selloff sez CNBC headline

WABACWABAC
in Other Investing
https://www.cnbc.com/2025/01/14/a-global-bond-sell-off-is-deepening-as-hopes-for-multiple-fed-rate-cuts-fizzle.html

A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world.
Gloomy details at the link.

Remember those sunny days after the first rate cut?

Anybody see anything out there that hints at reasons for rates to fall?

How much duration are you willing to take on outside of what asset-allocation managers might be taking on for you? Most of the bond funds I own don't even show a duration on the M* Portfolio Manager.

Comments

  • Old_JoeOld_Joe
    Similar article in this morning's WSJ.
  • WABACWABAC
    Did the WSJ have any words of wisdom besides reporting the situation?
  • PRESSmUPPRESSmUP
    @WABAC

    On the Osterweis (OSTIX) quarterly webinar today, they mentioned staying short, 1.5 years because they’re not being sufficiently rewarded for taking on additional duration risk.
  • WABACWABAC
    PRESSmUP said:

    @WABAC

    On the Osterweis (OSTIX) quarterly webinar today, they mentioned staying short, 1.5 years because they’re not being sufficiently rewarded for taking on additional duration risk.

    Thanks for the info. We have that in my wife's IRA.

    Not just higher for longer, but shorter for longer too.
  • Sven
    edited January 15
    Think this is the WSJ article “ Why Bond Yields Are Surging Around the World” that @Old_Joe was referring to. It is behind a paywall. Perhaps you can get it through your local library.
    https://wsj.com/finance/bond-yields-rising-charts-367dba8a?page=1

    I watched the Osterweis webinar too and it was very informative of their bond strategies. Unlike stocks, there is a much wider universe of bonds to pick from. Carl Kaufman and his team are doing a great job in OSTIX.

    Edit: here is the Osterweis’s webinar link.
    https://osterweis.com/video/investmentnews-js
  • Observant1
    The WSJ article is currently available via MSN.
    https://www.msn.com/en-us/money/general/why-bond-yields-are-surging-around-the-world/ar-BB1rmwom
  • Sven
    Thank you.
  • Old_JoeOld_Joe
    I read it in this morning's print edition... looked for it online but couldn't seem to locate it for some reason. Thanks @Sven.
  • Sven
    @Old_Joe, I first came across it on Apple News that I subscribe to. It explains the bond world in details with relevant graphs on each points. The rise of long treasuries (10 years treasury for example) since last October to near 5% today has negatively impacted the equities and bonds. It also presented the “ excess CAPE yield” at historical high, suggesting below average future returns on stock market in an already rich valuation environment.

    Our local library subscribers to many newspapers. Generally searching by the title would find it.
  • WABACWABAC
    Sven said:

    @Old_Joe, I first came across it on Apple News that I subscribe to. It explains the bond world in details with relevant graphs on each points. The rise of long treasuries (10 years treasury for example) since last October to near 5% today has negatively impacted the equities and bonds. It also presented the “ excess CAPE yield” at historical high, suggesting below average future returns on stock market in an already rich valuation environment.

    Our local library subscribers to many newspapers. Generally searching by the title would find it.

    I always forget about my library card.

    Tip of the cap to @Observant1 for finding the MSN link.
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