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Bonds

Today

Rachel Reeves.

Are bond traders about to topple another treasurer?

The UK is being forced to borrow at rates not seen for decades – piling pressure on Sir Keir Starmer, who wants to fix public services but not raise taxes.

  • 1 hr ago
  • Hans van Leeuwen
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to edge up, Nasdaq hit by megacap tech selling

Australian shares are set to open modestly higher. Nvidia and Apple pace megacap losses. US 10-year briefly touches 4.8pc. Bitcoin tumbles anew.

  • Timothy Moore

This Month

Trailers at the Port of Baltimore in the United States. The Australian dollar has fallen below a key threshold when measured against important trade partners.

ASX to drop as markets fret currency slump will put off rate cut

The Australian dollar has fallen below a crucial threshold when measured against important trade partners, complicating the RBA’s assessment of interest rates.

  • Cecile Lefort
Reserve Bank governor Michele Bullock will need to factor in higher US inflation.

A February interest rate cut is a goer if RBA changes one thing

Should the Reserve Bank downwardly revise its 4.5 per cent estimate of full employment, the first reduction will happen in just a few weeks.

  • Stephen Miller
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

Wall Street slides as the bar to further rate cuts rises

The S&P 500 reversed its 2025 advance, to turn negative on the year, amid broad selling, paced by financials and real estate.

  • Timothy Moore
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The risk/reward trade-off on equity markets is very poor right now, with the equity risk premiums near historic lows.

Bond markets punish imprudent politicians as debt spiral looms

While equity markets have been ebullient, we are having the worst bankruptcy cycle in most developed nations since the global financial crisis.

  • Christopher Joye
Rachel Reeves was criticised for being “missing in action” as she flew to Beijing.

UK treasurer flies to China as Britain braces for more market turmoil

Rachel Reeves was criticised for being “missing in action” in parliament question time as she flew to Beijing for meetings with communist officials and businesses.

  • Melissa Lawford, Lucy Burton, Chris Price, Tim Wallace, Dominic Penna and Alex Singleton
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to rise, British pound tumbles on UK deficit woes

Australian shares are poised to rise. US equities were closed for the funeral of Jimmy Carter. Oil rallied above $US77 a barrel, while iron ore topped $US97 a tonne.

  • Timothy Moore
Fed staff “highlighted the difficulty” of gaming out what lay ahead from an administration that has promised to deport undocumented immigrants, tighten the borders, and raise taxes on imported goods.

Fed officials wary of new inflation risks around Trump policies

The minutes described the December rate cut by the policy-setting Federal Open Market Committee as “finely balanced”.

  • Howard Schneider
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to fall, Wall Street struggles amid renewed inflation worries

Australian shares are set to open lower. The S&P 500 below key level before national day of mourning. US December payrolls awaited. Bitcoin extends retreat.

  • Timothy Moore
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to slip, Wall St sells off as data disappoints

Australian share futures reversed earlier gains. CPI ahead. Inflation threat hits US equities, especially tech. US 10-year leaps higher. Bitcoin tumbles.

  • Timothy Moore
BlackRock Investment Institute’s global chief investment strategist Wei Li presenting at the AFR Business Summit last March.

The $18.4trn reason to listen to BlackRock’s three lessons in 2025

Wall Street and its biggest investors like the global investment giant influence the ASX more than anything else. That’s why you need to listen.

  • Anthony Macdonald
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to rise, Nvidia powers Wall St advance

Australian shares are set to open higher. Techs rallied ahead of speech by Nvidia’s CEO. Bitcoin leapt back above $US102,000.

  • Timothy Moore
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

Nvidia, Tesla pace US equities decisively higher

US equities are poised to snap a week of losses. Tesla accelerates after Trump ally wins House Speaker vote. Crytpo shares also rally.

  • Updated
  • Timothy Moore
The Future Fund has been strong on the idea that it is hard for active managers to beat the market.

The key questions for investing in 2025

The last time the US equity market realised two back-to-back years of returns in excess of 20 per cent, it promptly plunged 19 per cent.

  • Christopher Joye
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Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to fall, US equities extend losses into new year

Australian shares are set to open down. All three US benchmarks flipped negative to start the year lower. Tesla tumbles.

  • Updated
  • Timothy Moore
It might be wise to stick with the Trump trade for a while.

Three assets to sell right now and three to buy for 2025

Leading market strategists say it’s time to take a hard look at your portfolio and sell stocks that have been good to you.

  • Andrew Hobbs

Why the falling $A could delay RBA rate cuts

The Aussie dollar hit a fresh two-year low, prompting strategists to raise the alarm that it will hold up inflation and may delay the first RBA rate cut of 2025.

  • Updated
  • Cecile Lefort
Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX poised to open lower, bitcoin edges higher

Australian shares are set to fall as 2025 begins. European, US markets closed for New Year’s. ASX’s top five winners, losers.

  • Timothy Moore
The banks have done their heavy lifting, the miners are waiting on China, so we need the underperformers to step up in 2025.

Dogs of the ASX need to find their bite

The banks ensured the Australian sharemarket made good money for investors in 2024. But we need changes to do it again this year.

  • Anthony Macdonald

Original URL: https://www.afr.com/topic/bond-market-5v3