Interest rates continue climbing this year, but that hasn’t stopped bonds from rallying in 2023 when measured in total-return terms. The main exception: long-dated US Treasuries. Otherwise, the various slices of US fixed-income markets are posting year-to-date gains through Wednesday’s close (Aug. 2), based on a set of ETFs after adding distributions to price changes.
Daily Archives: August 3, 2023
Macro Briefing: 3 August 2023
* Will US debt downgrade change Washington’s spending habits? Don’t count on it
* Treasury Sec. Yellen says US credit downgrade “puzzling” and “unwarranted”
* China service sector activity continues to “rise solidly” in July via PMI survey data
* Eurozone economy shrinks in July, falling to 8-month low, PMI survey data show
* Foreign buyers cut US home purchases to lowest level in 14 years
* US private-sector hiring slows in July but level remains strong via ADP data:
