The ongoing bear market in Treasury bonds is among the worst on record, but several sectors of the fixed-income market remain ports in a storm, based on year-to-date results through Thursday (Oct. 5) for a set of fixed-income ETFs.
Daily Archives: October 6, 2023
Macro Briefing: 6 October 2023
* The slide in Treasury bond prices since 2020 is among the worst on record
* China’s economy faces years of headwinds due to real estate crisis
* More than 40% of small firms report difficulty in finding workers
* Oil prices set for biggest weekly decline in 6 months
* Average US mortgage rate rises to 23-year high: 7.49%
* Exxon Mobil near deal in acquiring shale driller Pioneer
* Narrowing US trade gap in August expected to support Q3 GDP growth
* US jobless claims remain low, suggesting labor market strength in near term:
