GTO News and Press, Invesco Total Return Bond From 09/02/22

Summary What's next for the bond market after Fed Powell's speech? Is the Fed pivot away for higher rates off the table? Outlook on inflation in Canada and the U.S. Stock markets tumbled following Fed Chainman Powell’s hawkish stance on rate rises. Gre...

Summary It is hard to determine sometimes what causes markets to move as they do. Take last Friday’s stock market selloff. The widely cited “reason” for the selloff was Jerome Powell’s speech at the Fed’s Jackson Hole Symposium. Of the major ...

The S&P 500 rallied 4.3% (down 13.3% y-t-d), and the Dow rose 3.0% (down 9.6%). The Banks gained 2.1% (down 18.0%), and the Broker/Dealers recovered 4.8% (down 11.0%). The Transports advanced 5.8% (down 11.3%). Investment-grade bond funds posted outflows of $2.442 billion, whi...

Financial markets in the first six months of 2022 broke many records, all of them bad. Both stock and bond prices declined significantly during the first six months of 2022, but at the end of that period, stock prices were still 22% higher than at the beginning of the Covid Pandemic. ...

In the second quarter, we've seen double-digit negative returns across the fixed income landscape. For corporate bonds on the investment-grade side of things, we've seen spreads tick 160. A lot of what's going on right now is just the aftermath of a pandemic that's disrupted the h...

The coming recession: Deep or shallow? Markets pricing in rate cut in 2023. Overly optimistic? Will 2023 be the rebound year for bonds? The risk of recession grows as the U.S. Fed continues its war against inflation. Michael Craig, Head of Asset Allocation, TDAM ...

Invesco Total Return Bond ETF ( GTO ) - $0.1498 . 30-Day SEC Yield of 4.42% as of July 15. Payable Jul 22; for shareholders of record Jul 19; ex-div Jul 18. For further details see: Invesco Total Return Bond ETF declares monthly distribution of $0.1498

At the heart of this market volatility is inflation uncertainty, which results in policy uncertainty. The U.S. Federal Reserve (“Fed”), once the leader of “team transitory” is shifting its strategy. The May CPI upside surprise, along with the University of ...

We see a new era of volatile inflation and growth sweeping aside a period of moderation. We downgrade equities and upgrade credit in this new regime. U.S. jobs data last Friday reinforced the supply shock causing persistent inflation. Yields resumed their rise as markets priced higher...

While bond yields have steadied in recent weeks, economic and financial conditions are still not supportive of bonds resuming their role as a hedge. Until inflation really slows, bonds remain as much a source of risk as a hedge. My view is yields either need to be moderately highe...