Following the Standard & Poor’s 500 Index’s record high in November, will stocks continue their ascent amid what’s likely to be lackluster global expansion in 2014? In September, the U.S. Federal Reserve’s unexpected delay in tapering its stimulus program whipsawed debt markets. Where should bond investors go for returns?
Traders are betting Australia’s dollar will extend its biggest decline in five years as policy makers flag that intervention to weaken the currency is an option, 30 years after they dropped exchange controls.
Oil fell and the yen weakened against the dollar while energy-company shares led the Standard & Poor’s 500 Index lower after Iran and world powers reached an initial deal on limits to the nation’s nuclear program.
With the deadline for avoiding a U.S. default looming, investors from Boston to Bangalore are moving to cash, extending the maturities of their short-term Treasury holdings and buying options to help protect themselves should stock and bond prices tumble.
During tricky times in the bond market, the team at Loomis Sayles, renowned for their mastery of the unconventional, is a top-notch tour guide. The $19 billion Loomis Sayles Bond Fund and $13 billion Loomis Sayles Strategic Income operate with long leashes that allow them to sniff around just about anywhere: Junk bonds, foreign issues, convertible bonds, preferreds and dividend-paying stocks can all be added to the portfolios to augment the conventional stuff.
More than five years after sales of U.S. mortgage-backed securities froze, banks, investment firms and others in the business are seeking to accelerate a revival of issuance by reducing mistrust among market participants.