 | | | | The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ultimately prove futile. | | | | | | (The opinions expressed here are those of the author, a columnist for Reuters.) | | | | | | Sovereign wealth funds' distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the research firm eVestment showed on Thursday. | | | | | | U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed. | | | | | | (The writer is a Reuters contributor. The opinions expressed are his own.) | | | | | | The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday. | | | | | | Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero. | | | | | | Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. | | | | | |
