BofA Global Research Fund Manager Survey: Investor Optimism High in December on ‘Run-it-Hot’ Macro and Policy Expectations
–Macro-optimism Highest Since August 2021 –Expectation For Higher Bond Yields Highest Since April 2022 by Vicki Schmelzer NEW YORK (MaceNews) – Global investor optimism was high in December, driven by “’run-it-hot’ macro and policy expectations,” according to the latest BoA Global Fund Managers survey, released Tuesday. This month, a net 18% of those polled looked […]
BofA Global Research: Managers Dumped Bonds in October Despite Expectations of Rate Cuts
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors dumped bonds in October, despite expectations of future Fed cuts and continued concern about rising inflation, according to Bank of America Global Research’s monthly fund manager survey, released Tuesday. In October, a net 24% of portfolio managers were underweight bonds, versus a net 3% underweight in […]
US TARIFFS STATE OF PLAY: EU Signs On; China, Not Yet; Tariff Regime Fragile As Most of the Transition Lies Ahead
By Denny Gulino WASHINGTON (MaceNews) – Thursday’s 10a ET oral arguments in the U.S. Court of Appeals for the Federal Circuit is one of the several legal challenges of President Trump’s “reciprocal tariffs,” a stark reminder that much of the entire U.S. tariff regime could suddenly collapse, requiring the refund of all the billions of […]
UPDATE: TARIFFS STATE OF PLAY: AS DUST SETTLES FOR NOW, BEHEMOTHS CHINA AND USA FACE OFF
WASHINGTON (MaceNews) – As U.S stocks rocketed up spectacularly Wednesday after President Trump’s pivot on tariffs, the battle of titans – the USA and China – emerged as the main event for months to come. At an afternoon White House event, President Trump said, “Somebody had to do it,” vs. China. A more skeptical former […]
Italy Eyes More Medium-Long Bonds to Lengthen Debt Life – Sources
According to Rome’s government that has carried out several surveys, longer maturities appeal to Italian families as they tend to have lots of savings they prefer to invest in long term investments, and trust the state to hold their money more than banks. “The era of zero rates is over, which means that the cost […]
Italy’s Premier Meloni Tops Italian Rivals in EU Vote, Key to New European Power Balance
Italy’s Meloni gets boost in EU elections
Italy’s Meloni to Run for European Parliament to Boost Her Party, Promote Draghi Election as European Commission Head
–Rightwing PM Replays Berlusconi Script with Run for Strasbourg Seat By Silvia Marchetti ROME (MaceNews) – Italy’s premier Giorgia Meloni has announced her candidacy in upcoming European Parliament elections, with the goal of raising support for her rightist party and boosting prospects that Mario Draghi could be named the next head of the European Commission. […]
Italy’s Meloni Pushes Through Parliament the Direct Election of the Prime Minister
By Silvia Marchetti ROME (MaceNews) – Italy’s rightist leader Giorgia Meloni is pushing through parliament a key constitutional reform to boost powers of the head of government by introducing the direct election of the prime minister, which opposition sources warn would concentrate too much power in the hands of one single person. Last week, right […]
As Foreign Investors Shun Italian Bonds, Domestic Retail Investors Increasingly Buying Public Debt – Sources
By Silvia Marchetti ROME (MaceNews) – Italian business lobbies and Democrat opposition forces voiced concern over foreign investors avoiding Italian bonds, though this is increasingly being counterbalanced by a rise in retail-only securities which is shielding Italy’s soaring public debt. “The Italian debt in the portfolio of foreign investors dropped from EUR 685 billion in […]
Italy’s Meloni Takes More Moderate Stance to Lure Bond Investors, Centrist Voters
By Silvia Marchetti ROME (MaceNews)- After more than a year in power, Italian Prime Minister Giorgia Meloni is getting a ‘political makeover’ to take a more moderate stance and lure investors willing to support the country’s funding needs, say opposition forces. “She’s abandoning her neo-fascist rhetoric and revisiting her hard core, nationalist rightist policies in […]