News

At 4.9%, Q3's annualized GDP growth was more than double the second-quarter pace.

Quantitative tightening is "an underappreciated risk" that might keep bond yields higher for longer. Auctions of 10- and 30-year Treasuries were poorly received this month, and supply will keep increasing, thanks to the widening budget deficit.

If the recent increase in yields is sustained, Bloomberg estimates it's the equivalent of about 50 bps of Fed tightening.

Nearly $1.3 trillion of blue-chip notes are coming due between 2024 and 2028, creating risk in the Fed's higher-for-longer rate environment.

As treasurer for the past six years, he has managed the firm's $2.4 trillion balance sheet through the Covid-19 pandemic, a rapid increase in interest rates, and banking turmoil

Analysts expect to see about $200 billion in additional high-grade bond sales over the remainder of the year.

After 6 years of litigation, GE will settle the lawsuit—the largest-ever ERISA case alleging retirement plan mismanagement—which claimed underperforming funds were the only actively managed options available to participants.

Recent inflation data underscores how a strong labor market is underpinning consumer demand, which risks keeping prices above the Fed's target.