This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
Publishing timestamp: 2023-10-06 15:50:49
Summary
The article discusses how investors have been piling into short-term U.S. government bonds in order to wait out the upheaval caused by a blowout in longer-term yields. The demand for 52-week Treasury bills was at its highest of the year, as investors are seeking higher yields in the front end of the curve. This strategy is seen as a way for institutions and wealthy investors to adjust to the surge in long-term interest rates. The article also mentions that while longer-duration Treasuries have crashed in recent weeks, other fixed income instruments have not fully reflected the change in rate assumptions, creating potential opportunities in the future.
Sentiment: NEUTRAL
Tickers: US1Y, GS, US10Y, BLK,
Keywords: breaking news: markets, goldman sachs group inc, breaking news: investing, u.s. 10 year treasury, business news, investment strategy, bonds, breakingnewsglobal, banks, blackrock inc,
Source: https://www.cnbc.com/2023/10/06/where-big-investors-are-hiding-amid-choppy-markets.html