SPXB News and Press, ProShares S&P 500 Bond From 11/02/22

Summary This year’s sharp rise in treasury yields creates an attractive opportunity in short-term bonds heading into 2023 as the Fed slows the pace of rate hikes. We favor transitioning from floating-rate notes to fixed-rate notes going into 2023 now that interest rates hav...

Summary Barclays Aggregate is down almost as much as the S&P 500 YTD. As of 10/31/22, the YTD return on high yield is far better than the return on corporate high-grade. There is relative value being created in the various bond market asset classes. Looking at th...

Summary Global bond markets have been rattled in 2022 by central banks’ aggressive policy pivot to address persistent inflation. The Fed is trying to drive economic growth lower and take the pressure off inflation by reducing demand through higher interest rates — an...

Summary The Fed is going to meet this week and the course of the stock and bond markets, at least for a while, will be determined by what is decided at the FOMC meeting. Household and corporate balance sheets are remarkably liquid. Financials, real estate, and industrials led ...

Summary Where opportunities might be emerging in the battered bond market. Why the bond market may face even more volatility. Bond market volatility. Is the bottom in sight? Global bond markets have suffered their worst selloff in decades, as central banks ag...

Summary Year-to-date, allocations to floating rate notes have resulted in a more than 20% performance differential compared to U.S. 10-Year notes. Rising rates explain why owning the same securities as the Agg but reducing the maturity profile (1–5 years) led to losses that...

Summary Global GDP growth is still expected to be positive in 2022 (excluding Russia) but is expected to fall fairly dramatically in 2023. The U.S. Q3 2022 earnings season has just begun, and the outlook is for lower but still positive revenue and earnings growth. Inflation wi...

Summary Financial markets have entered a period of head-spinning volatility. Consumer inflation remains at record highs across major developed economies. Higher yields will bring new income-generating opportunities and significant shifts in risk-return assessments. ...

Summary We’re underweight government bonds because yields have room to move higher, and we don’t think they can be a safe haven when recession comes. Stocks were choppy and short-term U.S. Treasury yields jumped after data showed persistent U.S. core inflation. We th...

Summary U.S. recession risks are rising and stagflation may be poised for a comeback. A strong job market has kept us from entering such an environment, but recession risks are rising as the Federal Reserve has vowed to maintain a restrictive monetary policy to rein in inflation -...