In this issue:
- Is big oil the new tech? No, but it’s doing a pretty good imitation so far in 2021
- Floating-rate bonds are having a good year
- Will commercial real estate recover from the pandemic? It’s off to a good start
Daily Archives: February 24, 2021
Reflation Trade’s Winners And Losers In The Bond Market In 2021
The bond market is reeling from firmer reflation expectations, or at least some corners of the market are taking a hit. But in the reordered world of fixed income in 2021 there are also winners, based on year-to-date returns for a set of exchange traded funds through yesterday’s close (Feb. 23).
Macro Briefing: 24 February 2021
* Biden: US and Canada to work toward zero emissions by 2050
* Fed Chairman Powell: recovering lost jobs will take years
* Fed’s easy money policy will continue until economy recovers, says Powell
* Value investing’s old rules are history, say academics
* Exports and construction boost German GDP in fourth quarter
* Mid-Atlantic manufacturing activity continues to expand in February
* US Consumer Confidence Index continues to rise in February
* US home prices increased 10.4% in Dec vs. year ago–fastest pace in 7 years:
