The central bank's aggressive rate cut has suddenly made bets on corporate debt, homebuilders, and local banks more compelling for investors.
Firm attempted to minimize losses in thousands of "odd lot" positions by executing unfavorable cross trades with retail mutual funds and third-party broker-dealers, according to the regulator.
"Recession is not a base case scenario over the quarters ahead."
The central bank has finally pared back its policy rate from historic highs ... but what's its next move?
DoubleLine Capital founder also predicts five cuts by end of 2024.
Investor poll suggests a Trump victory would impact financial markets more heavily compared to if the Democrats retained the White House.
Wealth managers are adding protection and modifying duration as the Fed prepares to cut rates.
Demand for luxury junk deals has helped drive outsized returns in high-yield municipal bonds this year, exemplifying a trend that favors developments for the ultra-rich.
Data showing a surprise housing-driven uptick push Treasury yields higher, dimming demand for the yellow metal.
A broad stumble in equity strategies was offset by steadiness in fixed income and momentum in rate-sensitive sectors such as real estate.
"This is one of the largest emotional distress damages awarded in Finra’s history,” says attorney.
The world's largest asset manager is taking a step back from US stocks and growth in the lead-up to the Fed's hotly anticipated September cut and a dead-heat presidential race.
Softer-than-expected jobs report opens the door to a 50-basis-point adjustment, but the jury is still out on the cautious central bank's next move.
US-listed ETFs raked in $75B, five times over the same period in 2023, amid an investor frenzy that cut across styles and asset classes.
A positive revision in US GDP and healthy job market numbers prompted traders to pare their expectations.
The fixed-income star at the Franklin Templeton-owned firm is facing scrutiny over some past trades in Treasury derivatives.
The Jack Bogle-founded fund giant is bolstering its fixed-income shelf with actively managed municipal bond strategies.
US economic resilience prompts markets to pare back hopes of aggressive Fed easing.
The New York-based asset manager is the latest to join the booming $131B muni ETF space.
Corporate borrowers have announced billions of dollars in new bond sales as funding conditions remain ripe for the moment.
