As anticipated last year, the CLO fund XFLT lost most of its value during the March crash. XFLT has had a strong turnaround and many of its investors are attracted by its current 12% distribution yiel
Rising economic and political uncertainty means the U.S. dollar may be a “crash risk” -- a danger more often associated with emerging market currencies,...
The sale comes after the Federal Reserve’s decision to buy corporate debt sparked a three-month rally in investment-grade bonds.
If the U.S. economy doesn't start growing, trillions in federal spending may force difficult budget decisions in the years to come. There are no easy choices.

U.S. Treasuries - A Manipulated Price

07:42pm, Monday, 03'rd Aug 2020
Fitch has put the U.S. on a negative ratings watch and the response seems to be, well, but, look at the price.
The central bank shouldn’t be burdened with the task of reversing centuries of racial inequities.
From commercial real estate to credit cards and autos, institutions are getting tougher on giving out money compared to the second quarter
Having too much stock, no stock at all, or panic selling trips up near-retirees
The dollar index, which measures the US-dollar against six major global currencies, has dropped nearly 7% since May.
CPI is up 0.6% on a year-over-year basis, well below the Fed inflation target of 2%. Inflation erodes the purchasing power of a currency, thus reducing the present value of future cash flows.
But the gains come as more companies miss their debt payments.
While NTRS may look cheap, the stock is likely a value trap, given declining earnings. Q2 was sound operationally, but lower interest rates hurt net interest income.
The Fed's purchases have restored calm on the investment-grade market. Other segments of the bond ETF market remain disjointed.
In the past few months, the US dollar has shown signs of extreme weakness amid massive liquidity injections from the Federal Reserve since the start of the crisis.
Warren Buffett has been criticized for failing to call the bottom. However, what Berkshire does is pick winners, not bottom finish.
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