The dollar rose broadly Thursday as several policymakers around the world warned the economic recovery was fragile, prompting investors to take profits on gains in higher-yielding currencies and assets.
A solid audience showed up to buy a record $25 billion in benchmark 10-year Treasury notes Tuesday, but the above-average results failed to impress traders who unloaded U.S. government debt after the auction.
Middle-aged investors looking to retire in about 20 years should position their portfolios to have a 25 to 30 percent stake in equities outside of the United States, Bill Gross, co-chief investment officer at PIMCO told CNBC Monday.
U.S. government debt prices rose Monday after a record-sized Treasury note auction drew strong demand and investors bet other debt sales this week would get a similar reception.
The dollar is likely to trade higher in the week ahead, with Friday's worse-than-expected U.S. non-farm payrolls data for October seen as the driving force for currency markets at least until mid week.
For President Barack Obama, the report that showed that the unemployment rate hit 10.2 percent last month gives opponents a chance to score some easy points.
Most U.S. Treasurys prices rose Friday after the government said the U.S. unemployment rate jumped in October, but the prospect of new supply next week limited gains.
Big gains in U.S. workers' productivity in the third quarter supported short-dated U.S. government securities prices Thursday, while upcoming supply weighed on long-dated debt.
U.S. government securities prices slipped as traders prepared themselves for next week's Treasury refunding and for the Federal Reserve's statement on monetary policy later on Wednesday.
U.S. government securities prices slid Tuesday as traders prepared themselves for Wednesday's Treasury refunding announcement and a statement from the Federal Reserve on monetary policy.
U.S. Treasurys pared much of their early losses Monday after fears about bank profits offset stronger-than-expected data on manufacturing, construction and home sales.
For some investors "there still is a case of once bitten, twice shy,” says one money manager. If that describes you, here's some things to consider in weighing your fixed income and equities options.
Wednesday, 21 Oct 2009 | Posted By:
Lisa Auret | Source: CNBC.com
The stock market is getting harder and harder to please, strategists told CNBC on Wednesday as global stocks fell on profit taking and failed to lift after more better-than-expected corporate earnings results.
Tuesday, 13 Oct 2009 | Posted By:
Robin Knight | Source: CNBC.com
Risky assets will continue to outperform safer assets and investors should stick to bonds and quality stocks such as Johnson & Johnson, Intel and CSX, instead of Treasurys and cash, Bob Doll, vice chairman and global CIO of equities at BlackRock, told CNBC.
Bond investors need to think like lenders, because their money needs to be productive, said Bill Larkin, portfolio manager at Cabot Money Management.... Read More
Momentum could push oil toward $90 a barrel in the shortterm, but an increase in supply from Nigeria and Iraq will place downward pressure on the commodity come spring 2010, said Michael Lynch, president of Strategic Energy & Economic Research.... Read More
Although he predicts commercial vacancy rates won't peak until 2011, Joe Rodriguez, portfolio manager of the 5-star rated AIM Select Real Estate Fund, said commercial real estate still offers investment opportunities.... Read More
Currencies may play a role in the global economic recovery down the road, but in the short-term, the relationships among major currencies won't impede a rebound, said John Lipsky, first deputy managing editor of the International Monetary Fund.... Read More