FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange in response to the outbreak of the coronavirus disease in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson
The S&P was recently up around 2.8%, and the index’s 39.3% gain between March 23 and June 3 marked its best 50-session period in history, according to LPL Financial. And while investors have rushed into investment grade and high-yield bonds, some have lightened their positions in Treasuries. U.S. investor sentiment has also turned more bullish in recent weeks despite a still-climbing death toll from the coronavirus pandemic and widespread civil unrest stemming from protests against racial inequality and excessive use of force by police.
Bond yields have also risen as the Treasury ramps up its sales of long-dated debt while the Federal Reserve reduces its bond purchases, leaving more bonds to be absorbed by investors. The Fed, which has pledged to do everything in its power to foster a recovery, may also turn to new tools in the months ahead, including yield caps to keep rates low and monetary conditions loose, investors said.
Jesus
Suckers.
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