Danish pension fund AkademikerPension is divesting nearly US$100 million in U.S. treasuries, citing weak U.S. government finances. In a press release, Anders Schelde, the organization’s investment director, clarified the decision wasn’t made in response to recent U.S. threats to annex Greenland, a Danish territory. “It is not directly related to the ongoing division between the […]
Yields for long-term Canadian government bonds rose in December on the heels of aggressive rate cuts by the Bank of Canada, according to a new report by FTSE Russell. It found a bear curve steepening resumed in December, following the Bank of Canada’s 50 basis-point rate cut, as long yields rose and two-year yields were […]
Despite the low-yield environment, fixed income continues to play an important role for institutional investors looking to make their portfolios work harder in a risk-controlled fashion, said Jeffrey Moore, a portfolio manager at Fidelity Investments Inc., during a session at the Canadian Investment Review’s 2021 Global Investment Conference. “For the bond market to hurt, there needs […]
Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, he said, the Fed plans to keep interest rates pinned near zero well into the future. That faltering economy, pressured by a resurgence of the […]