Treasury yields leap after much hotter jobs report than expected

U.S. Treasury yields rose Friday after jobs data came in much better than expected. The 10-year Treasury yield was up more than 12 basis points at 3.526%. The 2-year Treasury was up roughly 20 basis points to 4.299%. Yields and prices move in opposite directions and one basis point equals 0.01%. Nonfarm payrolls increased by … Read more

View More Treasury yields leap after much hotter jobs report than expected

BlackRock’s Rieder says investors should hold more bonds, international stocks should outperform

BlackRock’s Rick Rieder said the 60/40 portfolio should be flipped to 40% stocks, 60% bonds this year, and that international stocks should outperform U.S. equities. Rieder, chief investment officer for global fixed income at the world’s largest asset manager, said he finds U.S. stocks less interesting relative to bonds. The traditional 60/40 portfolio — with … Read more

View More BlackRock’s Rieder says investors should hold more bonds, international stocks should outperform

‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some … Read more

View More ‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

Japan’s finance minister warns of severe finances as BOJ struggles to contain yields

Morning commuters in front of the Bank of Japan headquarters in Tokyo, Japan, on Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its … Read more

View More Japan’s finance minister warns of severe finances as BOJ struggles to contain yields

Overconfidence can be ‘a pathway to poor portfolio performance,’ says chief investment officer. How to check your ego

Prasit Photo | Moment | Getty Images Your investment ego may be costing you big bucks. “Overconfidence bias” is the behavioral principle of overestimating one’s financial acumen. And while confidence isn’t a bad thing, it can have damaging results — if you don’t have the chops to back it up. related investing news “It should … Read more

View More Overconfidence can be ‘a pathway to poor portfolio performance,’ says chief investment officer. How to check your ego

4 key money moves in an uncertain economy, according to financial advisors

By most measures, the new year is off to a good start. However, economists and business leaders alike predict there are rougher times ahead for the market and the economy. Year to date, the S&P 500 and Dow Jones Industrial Average have advanced about 4% and more than 2%, respectively, while the Nasdaq Composite is … Read more

View More 4 key money moves in an uncertain economy, according to financial advisors

A stablecoin collapse could spill into the U.S. bond market and economy, professor warns

The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has warned that the failure of a major stablecoin could have an impact on the U.S. bond market, marking a potential new area that investors need to … Read more

View More A stablecoin collapse could spill into the U.S. bond market and economy, professor warns