Vanguard Total International Bond ETF News

Markets Are Now More Vulnerable To Systemic Stress On A Scale Not Seen Since The Global Financial Crisis By Ven Ram, Bloomberg Markets Live commentator and analyst What’s common to the euro swooning more than 3% in a week, countries in Europe issuing bills and re-opening bonds every other day as repos go special, while nickel prices double in short order to touch $100,000 a ton? All measures of extraordinary distress in the markets, that’s what. JPMorgan Chase’s head of trading, Troy Rohrbaugh, captures it succinctly when he says that the markets are “ extremely treacherous at the moment .” Yet, given the widespread sanctions on Russia, major credit cards suspending transactions as well as businesses pulling out of the country right, left and center, the story of acute market stress may be just starting to unfold. Somewhere in all this stage of unadulterated melee, inflation balloons are soaring. So high that DoubleLine Capital’s Jeffrey Gundlach fears the headline number in the U.S. could reach 10% this year .

Michael Craig, head of the asset allocation and derivatives team at TD Asset Management, argues that current market volatility can be a positive

GREELEY, Colo., March 09, 2022 (GLOBE NEWSWIRE) -- JBS USA will hold its fourth quarter 2021 earnings conference call on Wednesday, March 23, 2022, at 9:00 a.m. Eastern (7:00 a.m. Mountain). The call will be open to investors in the Company’s bonds and term loan, as well as lenders to the Company’s revolving credit facility and prospective investors, securities analysts and market makers. More information about the call will be posted to the Company’s website at www.jbsfoodsgroup.com/ . Please refer to the “Investors” tab and click the “JBS USA Bond Investors” link in the Learn More section. Financial statements and related data for the fourth quarter 2021 will be made available to investors on the Company’s website prior to the call.

Fitch Ratings said a default from the Kremlin was ''imminent'', meaning investors who have bought Russian bonds could be out of pocket.

Schiff: The Road To Debt Monetization Is Paved With Good Intentions Via SchiffGold.com, Jerome Powell testified on Capitol Hill last week. He said the central bank plans to hold the course on rate hikes and monetary tightening despite the global chaos caused by the Russian invasion of Ukraine. He also continued to dodge any responsibility for rampant inflation. In fact, he repeated a lie Ben Bernanke told in 2008 and insisted the Fed isn’t monetizing federal government debt because it doesn’t intend to hold those Treasuries forever. But as Peter Schiff said in his podcast, it doesn’t matter what the Fed intends to do. All that matters is what it actually does. As the war in Ukraine rages, the dollar has enjoyed a strong rally. Peter said to enjoy it while it lasts. Everything that’s happening is going to put the dollar’s reserve currency status into jeopardy.” Think about it from China’s perspective. They’re watching the US use the dollar and its status as the global reserve currency as a weapon.

Subpar, Tailing 10Y Auction Prices At Highest Yield Since July 2019 After yesterday''s disappointing 3Y auction, which was rocked by the rollercoaster swing in markets on a day-old AFP report, moments ago the US Treasury just sold $34BN in 10Y paper (in a reopening of Cusip CDY4) which came just as the FT was sending out fake news that the UAE had reached out to OPEC+ to urge a production boost, which sparked a flash crash in oil and unleashed a new volatility shockwave across assets. And, just like yesterday, today''s auction left a lot to be desired, with the bond stopping at 1.92%, tailing 0.3bps to the 1.917% When Issued, and just above last month''s 1.904% high yield.This was the highest yield on a 10Y auction since July 2019. The Bid to Cover predictably dipped from 2.68 to 2.47, the lowest since December, and below the 6-auction average of 2.53. The internals were also weak, with Indirects taking down 68.2%, down from last month''s solid 77.6%, and below the 70.8% recent average. And with Directs taking down 18.0%, Dealers were left with 13.7% of the auction which however now that QE is over, they will be unable to flip back to the Fed in a few days.

© Reuters. A Russian rouble banknote is seen in front of a descending stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Global mutual funds and exchange-traded funds with significant exposure to Russian equities and bonds have seen massive outflows and an erosion in their net assets over the past month, …

Dear Madam, Sir,

QE Is Officially Over Earlier today, we reminded readers that as the Fed transitions from QE and perpetual post-covid easing to QT and inflation-battling tightening, today would be the final POMO under the existing QE. Today at 10:10am is the last POMO as QE comes to an official end, if only for a few months. pic.twitter.com/cnBJ096kvI — zerohedge (@zerohedge) March 9, 2022 And sure enough, at 10:30am today, the 20 minutes POMO operation in which the Fed looked to buy $4 billion in bond maturing between 2024 and 2026 came to a close (after $17.4 billion par value in bonds submitted) and with that QE is now officially over (although technically, the NY Fed will be holding mortgage operations running through the end of the week so not really over just yet). QE comes to an end after purchasing nearly $6 trillion of Treasuries and mortgage bonds in the past two years after the onset of the Covid pandemic. As Bloomberg details, the current QE - which we are confident will make a fresh reappearance in a few months just as stocks implode and the economy slides into recession, perhaps alongside the Fed''s direct purchases of stocks and equity ETFs - which included more than 580 separate operations to buy Treasuries and 1,200 to purchase mortgage-backed securities, dwarfed all three of the Fed’s previous quantitative-easing programs combined, helping to grow the central bank’s balance sheet to an unprecedented $8.4 trillion.

Investors looking to earn double-digit returns from their fixed income portfolio can consider an investment in the nonconvertible debentures of Piramal Capital and Housing Finance. The NCD, listed on the Bombay Stock Exchange, has a tenure of 10 years and matures in September 2031; it could yield a return of 10.92%.

In an arrangement similar to the bloc''s $2 trillion COVID rescue fund, the European Union has decided to jointly issue what Bloomberg dubbed "potentially massive" bond sales to finance an energy and defense fund to help the bloc maintain its resolve as its financial sanctions against Russia bite. According to Bloomberg, the proposal will be taken up during the EU leaders'' summit in Versailles, France, that''s set to begin on Thursday. However, the bloc''s leaders are still working out the details on how the debt sales would work and how much money…

Stocks Face More Swings on Jump in Oil; Bonds Drop: Markets Wrap

The latest effort to tighten legislation meant to lure the Washington Commanders to Virginia would limit the tax revenue that could be diverted to pay back stadium bonds to $350 million, plus financing expenses.

LVIV, Ukraine (Reuters) – Ukraine’s central bank on Tuesday said it had bought 20 billion hryvnias ($673.40 million) of local bonds the government has put on sale to help finance the war effort.

U.S. stocks rebounded from the biggest rout since 2020, though markets remained gripped by volatility caused by the war in eastern Europe and the related sanctions. Treasuries fell and oil pared gains.