China's 10-year government bond yield drops to the lowest since 2022. #China
https://twitter.com/Sino_Market/status/ ... 5721081955
There were 9 million job openings in December, up from 8.9 million in November. Prior to the pandemic, there had never been 8 million jobs available in a month.
In January, employers added 353,000 jobs. That’s a big number, and it’s an increase from December’s 333,000. Wages are also up 4.5% over last year.
And corporate earnings are expected to have grown 4.4% in the fourth quarter of 2023, while fourth quarter GDP was a robust 3.3%.
Should China’s woes make their way over to the U.S., the economy could hit the brakes and rates could in fact be lowered.
Investment-grade corporate bonds are yielding 6%. Non-investment-grade bonds rated BB or better are yielding more than 7%.
TLT holds long-term Treasury bonds, and these bonds are particularly sensitive to interest rates. When interest rates fall, the price of long-term bonds tends to rise more than bonds with shorter maturities.
Risks of Holding TLT in 2024:-
1. Interest rate risk
2. Lower current yields
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