Markets

The pandemic recession is in the rear-view mirror and a new cycle of global expansion has launched, a Bank of America Private Bank senior strategist says

Marci McGregor, senior investment strategist, Chief Investment Office, Merrill and Bank of America Private Bank, told Bloomberg on Monday that the recession is in the rear-view mirror and a synchronised expansion is underway around the world. The strategist pointed to strong trends in housing and the resilient consumer as signs […]
The pandemic recession is in the rear-view mirror and a new cycle of global expansion has launched, a Bank of America Private Bank senior strategist says
Markets

The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying

The Federal Reserve spent $US428 million buying debt in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed. It bought the corporate bonds in households names such as Walmart, Coca-Cola, McDonald’s, and Warren Buffett’s Berkshire Hathaway, the data showed. The Fed spent $US5.7 million […]
The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying
Markets

Fed’s Powell says bank’s corporate-credit ETF purchases will give way to individual bond buying

The Federal Reserve’s corporate-credit relief will move from exchange-traded fund purchases to taking in individual bonds, chairman Jerome Powell said Wednesday. Targeted bond purchases are “a better tool for supporting liquidity and market functioning,” Powell told the House Financial Services Committee. The statement follows the central bank announcing Monday it […]
Fed’s Powell says bank’s corporate-credit ETF purchases will give way to individual bond buying
Markets

Global markets fly as Trump’s $1 trillion infrastructure plan puts a ‘rocket under stocks’ — and the Fed launches $250 billion of fresh stimulus

Global stocks rose on Tuesday on reports that President Donald Trump’s administration is considering fresh stimulus worth $US1 trillion for the US economy. Futures tied to the S&P 500 rose 1.2%, signalling that US stocks will rise for a third consecutive day. US stock futures continued to track the previous […]
Global markets fly as Trump’s $1 trillion infrastructure plan puts a ‘rocket under stocks’ — and the Fed launches $250 billion of fresh stimulus
Markets

Billionaire ‘bond king’ Jeff Gundlach warns the US government’s borrowing binge could lead to ‘fatal’ negative interest rates

Billionaire “bond king” Jeff Gundlach sounded the alarm on the US government’s aggressive borrowing in a Wednesday tweet, warning it could lead to negative interest rates with devastating results. “The pressure to go negative on Fed Funds will build as short term borrowing explodes and dominates,” Gundlach said. “Please, no. […]
Billionaire ‘bond king’ Jeff Gundlach warns the US government’s borrowing binge could lead to ‘fatal’ negative interest rates
Markets

WeWork bonds plummet the most on record after the company delays its IPO

WeWork’s delayed IPO effort sent its bonds tumbling Tuesday as the company’s streak of bad news continues. The shared-workspace company’s $US669 million of bonds expiring in 2025 fell as much as 7 cents Tuesday, hitting 95.8 cents. The drop was the biggest since the notes’ April 2018 issuance. WeWork said […]
WeWork bonds plummet the most on record after the company delays its IPO