Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, discusses recent changes in the bond market selloff, saying it now feels "very technically-driven, very momentum-driven." Berro says on "Bloomberg Surveillance" that she expects investors to refocus soon on the fundamentals and valuations of the market.
A move higher in oil is putting even more pressure on bonds, with yields hitting new milestones in a number of markets including the UK and the US. The UK's long-term borrowing costs hit 6% for the first time in almost three decades whilst the 10-year Treasury note climbed to the highest since 2002. It comes as government debt has been flailing around the world as uncertainty tied to the war in the Middle East ripples through the global economy, pushing investors to bet central banks will further raise interest rates. But bond veteran Jim Bianco, President and Founder of Bianco Research, is bullish on US sovereign debt on the basis of value generation. He discusses the reasoning behind his position with Caroline Hepker and Nathan Hager.
Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, explains why he expects volatility in stocks in the fourth quarter and frames rising bond yields as "a new normal."
President Donald Trump said former Federal Reserve Chair Jerome Powell "should be forced to resign" from the Fed's Board of Governors over findings the central bank mismanaged the renovation of its headquarters. Rachel Schilke of Bloomberg Government has more.
OpenAI accused Moonshot AI of being responsible for a wide-scale effort to extract data from its GPT artificial intelligence systems. In a blog post Wednesday, OpenAI disclosed that it observed thousands of attempts by users associated with Moonshot to decipher hidden information about how its models reason through problems. Neil Campling reports on Bloomberg Television.
Higher bond yields are justified by stronger nominal economic growth and rising inflation, making them a strong investment choice, says Jim Bianco, president and macro strategist at Bianco Research. Bianco tells Bloomberg Television that he has invested in bonds for the first time in six years and suggested the US 10-year Treasury note could rise toward 5.50% to 5.75%, but said yields around 5.25% are already attractive enough.
Aliki Rouffiac, portfolio manager at Robeco, argues there are reasons to be positive about equities despite rising bond yields, with US midterm elections and upcoming high-profile IPOs contributing to the upside. She tells Bloomberg Television that while there are short-term risks, such as rising interest rates, earnings growth is likely to continue in the months ahead.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Ares Management (NYSE:ARES) announced that its Ares Alternative Credit funds participated in a Plenitude ownership and governance restructuring, increasing its stake after a combined capital contribution of approximately €1.5 billion with Eni.
Sajjid Chinoy, chief India economist for JPMorgan Chase & Co expects the RBI to take an appropriately cautious or hawkish tone to signal to markets that more maybe in the pipeline. He said this in an conversation with Bloomberg Television's Paul Allen.
France's government is set to unveil plans to narrow the budget deficit sharply. Ministers will present the details of a 54 billion ($61.2 billion) effort to curb runaway spending and pare the fiscal shortfall to 5% of economic output in 2027 from 5.4% this year. Bloomberg's Caroline Connan reports.
Oil steadied after gaining early on October 1st on uncertainty over the Middle East flow recovery can be sustained. Crude rose for a third month in September, as Washington and Tehran failed to make headway toward a lasting peace agreement that would fully reopen the Strait of Hormuz. Victoria Mitchell, Control Risks' Senior Analyst for Maritime told Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the oil exports going up.
