JPMorgan Chase CEO Jamie Dimon warned about the Fed Reserve's economic forecast at a conference in Saudi Arabia, calling Fed regulators "100% dead wrong" on their track record over the past 18 months. Tim Urbanowicz, Innovator Capital Management ETF Head of Research, reacts to Dimon's comments on future interest rate hikes and how rates could be influencing Treasury yields. "There's a very strong case right now that interest rates are restrictive," Urbanowicz tells Yahoo Finance. "We're at this point where we need to wait and see what the damage looks like with those hikes, but I think [Dimon is] exactly right in that it's really about how long rates stay at this level." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
JPMorgan Chase CEO Jamie Dimon warned about the Fed Reserve's economic forecast at a conference in Saudi Arabia, calling Fed regulators "100% dead wrong" on their track record over the past 18 months. Tim Urbanowicz, Innovator Capital Management ETF Head of Research, reacts to Dimon's comments on future interest rate hikes and how rates could be influencing Treasury yields.
"There's a very strong case right now that interest rates are restrictive," Urbanowicz tells Yahoo Finance. "We're at this point where we need to wait and see what the damage looks like with those hikes, but I think [Dimon is] exactly right in that it's really about how long rates stay at this level."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
KKR is seeing more opportunities in high-yield bonds and is selling some floating-rate debt as the Federal Reserve pauses interest rate hikes. Olivia Raimonde has more on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
The stock market was able to hang onto gains Tuesday, with the S&P 500 ending a five-day losing steak. The Dow Jones Industrial Average gained 205 points, or 0.6%, while the S&P 500 rose 0.7% and the Nasdaq Composite advanced 0.9%.
(Bloomberg) -- There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.Most Read from BloombergIsrael Latest: Blinken Says ‘Humanitarian Pauses’ Needed for AidAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantNobody Wants Mutual Funds NowXi Makes Unprecedented Central Bank Visit in Sign of Focus on EconomyBig Tech Props Up Sto
Several of Wall Street's biggest names are calling a top on longer-dated Treasury yields, after yields on the benchmark 10-year note briefly rose above 5% earlier this week to hit their highest level since 2007. Analysts at UBS Global Wealth Management, which oversees $3.1 trillion, on Tuesday said Treasury yields are unlikely to rise further, adding to a chorus of investors saying that the selloff in U.S. government bonds is nearing an end. Others forecasting a peak in yields include billionaire investor Bill Ackman, who posted on Monday that his hedge fund, Pershing Square Capital Management, had covered its bet against 30-year Treasuries.
