Fixed-income investors are piling into short-term bond funds as well as dumping longer-term debt, to shield their portfolios from the worst of a market rout as interest rates rise, Financial Times writes.
Fixed-income investors are piling into short-term bond funds as well as dumping longer-term debt, to shield their portfolios from the worst of a market rout as interest rates rise, Financial Times writes.
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.