Fixed income showed some of its traditional diversification edge last week as selling took a toll elsewhere for the major asset classes, based on a set of ETFs through Friday’s close (May 13). It’s too early to confirm that bonds have started an extended rebound after a rough year, but last week’s bounce opens the door for debate.
* Ukraine can win this war, says NATO chief
* Wheat prices rise globally after India’s export ban
* US consumer spending slowing, predicts Goldman Sachs economists
* China retail sales and industrial output fell more than expected in April
* Crypto prices show little diversification benefit vs. stocks and bonds
* US consumer sentiment falls to 11-year low in early May
* Is the policy-sensitive 2yr US Treasury yield peaking?