Big Funds Bet the ‘Anything But Bonds’ Trade Is Poised to End
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
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Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
Sep 9, 2016
Toronto’s housing market is creating fierce competition between realtors -- so much so that some are now looking to the U.S. in the hopes of finding clients considering a move to Canada ahead of November’s presidential election.
“We’ve had more realtors in Toronto calling than anywhere else in Canada,” said Charleston, South Carolina-based realtor Jeff Cook. “And what they’re looking for is referrals for people looking to relocate to Canada.”
“The frustration level [in the U.S.] is at an all-time high,” Cook told BNN. “There was some frustration back during the presidential campaign in 2008, but nothing like what we’re seeing now. Some people feel like the whole country is going downhill so we might need to revisit the idea of moving out of the area.”
Cook has been attracting the attention of Toronto realtors, thanks to ten billboards he placed next to the main interstates in South Carolina that say, "Moving to Canada? We Can Sell Your Home."
“It started as a joke for us,” said Cook, who posted the ad on Facebook before buying the 50-foot billboard space. “We wanted to bring some humour to the table and really make a good marketing piece out of it. And it really struck a chord with some people.”
None of the local homeowners are moving just yet. “They’re waiting until the election happens,” said Cook. But he is getting some cross-border related inquiries he didn’t anticipate. “The biggest question we get is if we can help them with the immigration process.”
Cook’s answer to that one: No.