AGG Sep 2024 93.000 call
| Previous close | 5.30 |
| Open | 4.70 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 93.00 |
| Expiry date | 2024-09-20 |
| Day's range | 4.70 - 5.30 |
| Contract range | N/A |
| Volume | |
| Open interest | 84 |
- Yahoo Finance Video
This data has brought the economy 'back to Goldilocks world'
Treasury yields are declining, which some interpret as a signal of economic weakness. Morgan Stanley Broad Markets Fixed Income CIO Michael Kushma and Truist Fixed Income Managing Director Chip Hughey join Market Domination to discuss the state of the market and how the Federal Reserve may tackle its next interest rate move. "I think it's a reaction to the overreaction when yields rose quite dramatically in April and May on the back of some bad auctions," Kushma says of Treasury yields. However, he believes that recent economic data has been "very positive for the reignition of this soft landing story that the Fed will cut rates, economy slows down, inflation slows down, but not too much on the growth side, and everything is good. So we're back to that Goldilocks world again." Hughey believes the Fed needs more data before initiating a rate cut, which he predicts will come in September, while Kushma holds that the Fed will initiate 100 basis points of rate cuts within the next year. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Gold is a buy, but bonds may be a bust
In Monday's installment of Good Buy or Goodbye, Sound Planning Group CEO David Stryzewski joins Yahoo Finance anchor Josh Lipton to discuss why he recommends buying gold (GC=F) while avoiding bonds. Stryzewski endorses gold as an asset class to buy, pointing out that it has broken above all-time highs and sustained the position. Stryzewski claims $2,100 is the "new foundation," adding, "it's just up from here." He also notes that prices have been climbing because central banks are actively purchasing gold on "an annualized basis," citing China as an example, which he says has acquired "thousands of tons of it." The only potential risk he identifies is the US dollar given the inverse correlation between its pricing and gold's. On the other hand, Stryzewski recommends steering clear of the iShares Core U.S. Aggregate Bond ETF (AGG). He explains that the Federal Reserve's outlook on rate cuts remains uncertain, and with bonds exhibiting "a seesaw effect" in response to interest rate movements, the value of bonds could take a hit. He also notes that treasury yields are "safer" than the yields on bonds, which is how investors receive returns. Catch more of Good Buy or Goodbye here, or watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
- Yahoo Finance Video
Get out of cash, increase bond exposure: BlackRock exec.
Investors are always looking for new and safe investments during times of uncertainty. As the debate for when the Federal Reserve will finally cut interest rates rages on, many on Wall Street are looking at ETFs and bonds given their higher rates and low risk. Steve Laipply, BlackRock Global Co-Head of Bond ETFs, joins Yahoo Finance to discuss the some of the best opportunities in the bond market for 2024 and what investors need to keep their eyes on. When asked about Certificates of Deposit and whether or not investors should stick with them, Laipply offers this insight: "The Fed at some point, if you do believe what the market consensus is in the way the future are pricing they will start cutting rates this year... But it does look to be they'll start cutting rates, so it is a good time to lock in these yields now. You can debate whether them cutting rates will drive all yields down or not. But yields at 4% long term are still very very attractive relative to where we were before. There are a lot of ways to do that, you can allocate to the broad market through something like the Agg (iShares Core U.S. Aggregate Bond ETF, AGG) or the Universal IUSB (IUSB) or if you do want a more active approach you can allocate something like BINC (BINC) our flexible income fund or BlackRock Total Return (BRTR). What we do know is investors have been cautious during this tightening cycle. They're pretty much significantly under allocated fixed income so we think it's time for them to start moving out of cash." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
