MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 8, 2013 Reuters Expects the Bond Bloodbath to Continue The bloodbath that has been the U.S. bond fund market will likely continue for the rest of the summer, Reuters' Katya Wachtel and Sam Forgione report. Friday marked the day yields on the benchmark 10-year treasury note gained more than a percentage point since May, at 2.73 percent. Bond mutual funds and ETFs lost $79.8 billion in June according to TrimTabs. BlackRock [profile]Obsidian Fund fell 4 percent and Pine River Fixed Income Fund fell 1.4 percent. Fund managers have decided to either emphasize how overblown the reaction has been, in the case of Bill Gross, or remind investors of fallout when interest rates fell two years ago. Whether the response is overwrought or not, Friday's positive jobs report cemented expectations for the Fed to start winding down the stimulus, perhaps beginning in September, Wachtel and Forgione write. To read more, click here. Printed from: MFWire.com/story.asp?s=44776 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |