Yields are still low but the Federal Reserve is expected to lift interest rates further. Conventional wisdom says that this scenario makes bonds a toxic asset class going forward. Maybe, but the analysis is more nuanced when we consider fixed-income from an asset allocation perspective, as a recent report from AQR Capital Management advises.
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UK prime minister asks EU for help with Brexit: Guardian
Trump favors Fed Governor Powell for next Fed chief: Politico
Analysts predict low returns across asset classes: Bloomberg
US Leading Index falls in Sep–first decline in 12 months: Conference Board
US jobless claims fall to 44-year low for week through Oct 14: MarketWatch
Philly Fed Mfg Index surprises forecasters with a solid rise for Oct: RTT
La Nina expected to bring warmer-than-usual temps to US this winter: CNBC