Big Funds Bet the ‘Anything But Bonds’ Trade Is Poised to End
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
Dec 3, 2019
The Canadian Press
VANCOUVER -- The Real Estate Board of Greater Vancouver says home sales returned to around historically typical levels in November after a quieter first half of the year.
The board says 2,498 homes sold in the month for a 55.3 per cent increase from the same month a year earlier, and four per cent above the 10 year average for the month.
Home sales in the region have shown a strong rebound through much of the second half of the year with several months of near 50 per cent gains, though the November increase was the biggest jump for the year.
The rise in home sales came after a price pullback in the market, with the November benchmark price down 4.6 per cent from a year ago to $993,700.
The benchmark price for detached homes was down 5.8 per cent from a year ago at $1.415 million, while the condo benchmark price was down 3.8 per cent at $651,500.
The board says the sharp increase in home sales came as listings were down 12.5 per cent from last year at 10,770.