Bond market sees no end to tumult as Fed casts a hawkish shadow
Bloomberg . Even so, some investors have been pouring into the Treasury market, drawn by the higher interest rates and concern that this year’s stock market rally is unsustainable. That’s put US Treasuries on course for a record year of inflows, according to Bank of America Corp.
strategists. US Treasuries on Track for Record Year of Inflows, BofA Says Kerrie Debbs, a certified financial planner at Main Street Financial Solutions, however, has been warning clients that bonds aren’t a sure-fire haven from risk and that the stock market’s push higher may not persist. “There are still a whole host of events that could stall these positive market returns, including continuing inflation, perception of credit quality of US government debt, skyrocketing US budget deficits, political instability in the world and more," said Debbs, who has around 50 clients and manages about $70 million in total assets.
Economic calendar - Aug. 15: Retail sales; Import/export prices; Empire Manufacturing; Business inventories; NAHB Housing Market Index; TIC flows Aug. 16: MBA Mortgage Applications; building permits; housing starts; industrial production; FOMC meeting minutes Aug. 17: Jobless claims; Philadelphia Fed Business Outlook; Leading Index Aug. 18: Bloomberg Aug.
US economic survey Aug. 15: Minneapolis Fed President Neel Kashkari Aug. 16: FOMC minutes released Aug. 14: 13- and 26-week bills Aug. 15: 42-day cash management bills Aug. 16: 17-week bills Aug. 17: 4- and 8-week billsGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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