This post was originally published on this site.Rieder’s call adds a heavyweight voice to the argument that higher yields are now drawing large investors back into fixed income. That could help absorb the wave of AI-related corporate issuance that has weighed on credit markets. Support from the world’s largest asset manager may help stabilise spreads on hyperscaler bonds in particular, while debt tied to data centres without hyperscaler backing looks set to stay under pressure. For Treasuries, his warning that rates could still rise, along with his concern over government debt costs and crowding out from AI supply, suggests the...

This post was originally published on this site. US stocks close higher as tech leads the rally New Zealand CPI preview: Q3 inflation seen easing to 3.8% ahead of likely RBNZ hike US State Department is to prepared to issue a order departure at US embassies in the Gulf Bitcoin shows some buying life as risk-on flows return and push the digital currency higher US treasury sells $13 billion of 20 year bonds at a high yield of 5.469% European stocks close higher, but French yields hit their highest since 2002 Crude oil inventories show a draw of -3.060M versus...