HTAB News and Press, Hartford Schroders Tax-Aware Bond From 10/27/21

Fixed-income markets are certainly different than they were 20 years ago—or even 10 years ago. There are many advantages to the evolution of fixed-income markets over the past decade or so. Investors are setting a high bar for their managers, and rightfully so. For fu...

Last week, Treasury bond futures reached 1.7064% in overnight trading, while the high for 2021 so far is 1.7760%. 5-year Treasury yields have long taken out their 2021 highs, and 2-year Treasury notes have tripled their yield in 2021. In general, longer-term maturities, like 10- a...

Rising rates emerged as one of Q3’s main concerns, as bond yields rose to levels not seen since earlier in the year. Latest headline inflation data is beginning to level off after the initial dramatic rise in the first half of 2021. Elevated inflation is filtering into the ...

The financial markets today are huge (certainly much bigger than at any time in history), and the hands pushing real yields down (the Federal Reserve and the ECB) are extremely strong. Interestingly, while real yields are at record lows, the supply of financial assets is at record hig...

When facing a rising-rate environment, investors who can’t stomach too much risk should limit - but not eliminate - duration, or sensitivity to interest-rate changes. Investors shouldn’t just shorten their portfolio’s duration; they should get a chunk of it from a...

The ongoing Evergrande collapse, on top of the recent flurry of regulatory pivots, has raised questions about China’s role as the world’s growth engine. Eurozone input prices are rising at the fastest rate on record. U.S. companies reported capacity constraints and d...

Investors continued to plow money into taxable (+$32.0 billion) and tax-exempt (+$4.8 billion) bond funds (including ETFs) for the month of September. For the month, the average taxable and tax-exempt fixed income mutual fund posted a 0.48% and 0.75% decline, respectively, for Septemb...

When stock traders talk about bonds it’s often a sign of trouble in the markets. And last week’s bond selloff and recovery is a perfect example. Ryder System is one of those companies that often flies under the radar in the stock market. The S&P 500 also closed t...

We view the U.S. Treasury yield spike as resolving a disconnect between the powerful restart and lower yields in recent months, and stay tactically pro-risk. U.S. 10-year yields jumped to the highest level in three months. Markets are prone to volatility, but ultimately we see yields ...

Most of the market “data” everyone obsesses about is just noise, especially when it comes to economic data. We just finished another quarter during which a lot of things were supposedly newsworthy but somehow produced almost nothing in the way of major market movements. ...