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Falling rates and growing confidence in US economy drive a bond revival

Financial Times LogoFinancial Times13h ago

Falling rates and growing confidence in US economy drive a bond revival - Financial Times

Quick Summary:

Revived investor enthusiasm for bonds and growing confidence in a “soft landing” for the US economy is buoying some of the world’s biggest financial groups and sparking record inflows into fixed-income exchange traded funds.

For BNY, which suffered overall outflows from its asset management arm, fixed income was a lone bright spot for net inflows.“We are positioned for more flows,” said chief financial officer Dermot McDonogh on Friday.

Two main drivers of our inflows this year have been expectations around Fed easing and . . . [investors] who want high quality bonds that provide diversity in periods of stress,” said Kirstie Spence, a fixed-income portfolio manager at Capital Group.


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Article Details

Author / Journalist: Madison Darbyshire

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 09:00:30 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 850 words

Reading Time: 5 minutes read

Sentences: 16 lines

Sentence Length: 54 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23007203

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 3 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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