One of the bond market’s favorite trades is getting fresh momentum in Europe, as the worst rout in German bonds in more than ...
Rapid euro curve flattening following Merz’s comments last week caught out a number of hedge funds, say dealers ...
The yield curve steepener underperformed and was a relative detractor to returns as the 3-30 years part of the curve modestly flattened. The underweight exposures to agencies and local authorities ...
Yield curves on European sovereign debt have reached their steepest ... a fund manager at Federated Hermes, which is also running steepener trades on European debt. The recent rise in long-term ...
An example would be the iShares 10+ Year Investment Grade Corporate Bond ETF. The bear steepener in the yield curve has definitely been a rare event, an outlier in the valley of the norm.
The trade, known as a curve steepener, is a wager that Fed-sensitive short-term Treasuries would outperform their longer-term counterparts, which they generally have of late. Otherwise ...
Even with the addition of comanager Saurabh Sud in May 2023, the portfolio’s longer than index duration and yield-curve steepener trade, which did not play out as expected, drove the fund’s ...
Yield curves on European sovereign debt have reached ... which is also running steepener trades on European debt. The recent rise in long-term borrowing costs reflects “primarily the risk ...
As signs of a more dovish central bank policy appeared in the final months of the year, the managers increased the portfolio's duration and used interest-rate swaps to intensify a curve steepener ...
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Wagers on higher Treasury yields and a steeper yield curve went hand-in-hand with the bullish dollar trade. The idea was that Trump’s pledge of lower taxes — coupled with the inflationary impulse from ...