Michael Aneiro
Barron's
New York, NY, United States
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Past articles by Michael:
Four Best Places To Stash Cash And Still Earn Yield
Dan Tague Cash has been getting crimped by low yields. For investors, it’s tough enough to find a decent yield on any sort of investment today. It’s even harder to invest money you may need to tap in the near future, and tougher still to do so without exposing yourself to potential losses if and [...] → Read More
Apple Reportedly Eyes Euro Bonds Amid Ultra-Low Borrowing Rates
AP/Mark Lennihan Various news media are reporting today that Apple (AAPL) is in talks with potential investors to sell euro-denominated bonds for the first time, taking advantage of the extraordinarily low borrowing rates across Europe right now. Ben Edwards reports this afternoon for the Wall Street Journal: The iPhone maker spoke with investors Monday about [...] → Read More
Gross: ‘I Am A Philosophical Nomad Disguised In Western Clothing’
Figge Photography Bill Gross, wandering wordsmith If you were worried that Bill Gross’s departure from Pimco might interrupt your monthly delivery of tedious investment outlook letters, fear not. Gross serves up his customary heap of existential verbosity today by way of the the Janus (JNS) website rather than the Pimco one, but most of the [...] → Read More
Plunging Oil Prices Hurting Energy-Heavy Junk Bond Market
REUTERS Increasingly a part of the high-yield landscape. The tumbling price of oil is being felt in the high-yield bond market, which is down 1% over the past week, per a benchmark Bank of America index. The energy sector of that market is down 2.17% over the past week and 3.29% over the past month. The [...] → Read More
Pimco Total Return: What the Managers Are Buying
Scott Mather and the new team at the world’s largest bond fund share their investment strategy. → Read More
Citi Expects $300 Bln To Follow Bill Gross Out Of Pimco
Markets are still trying to calculate the cost to Pimco of Bill Gross’s departure for Janus Capital (JNS) last Friday. Citi today puts a $300 billion price tag on the move. From Citi equity researchers William R. Katz, Neil Stratton and Steven J. Fullerton: Triangulating stock price moves in JNS, natural beneficiaries, and Allianz (PIMCO’s parent) on 9/26, we [...] → Read More
Mortgage Rates Drop To 2014 Low – Freddie Mac
The sharp drop in the 10-year Treasury yield late last week pulled mortgage rates lower too, with the average 30-year fixed-rate mortgage rate slipping to 4.10% from 4.12% a week ago, per Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey. It marks a new 2014 low and matches the lowest rate since June 2013. That rate hasn’t risen above 4.2% [...] → Read More
Average 30-Year Mortgage Rate Returns To 2014 Low - Income Investing - Barrons.com
Treasury yields continues to bounce along near 2014 lows, and the same can be said of mortgage rates, which tend to follow Treasury yields. The average 30-year fixed-rate mortgage rate slipped to 4.12% this week, matching its 2014 low, per Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey. That rate hasn’t strayed below 4.10% nor above 4.58% [...] → Read More
BlackRock: High Yield Outflows ‘Surprising,’ Investors Should ‘Hold Course’ - Income Investing - Barrons.com
One person who isn’t too worried about the high-yield bond market’s recent pullback or its questionable longer-term prospects is Russ Koesterich, BlackRock’s global chief investment strategist. Koesterich today ponders why high-yield fund flows have turned sharply negative in the past couple of weeks despite pervasively low stock and bond volatility and against a generally positive [...] → Read More
Is The Fed Behind The Curve? CNBC Debates, Santelli Blows A Gasket - Income Investing - Barrons.com
Has the Federal Reserve been too slow in reacting to an improving economy and withdrawing its stimulus measures? That’s been the subject of some high-minded debate among economists and strategists in recent months. It was also the subject of a shouting match on CNBC’s Halftime Report today, with CNBC’s Rick Santelli doing most of the [...] → Read More
Big Day For Jobs: U.S. Adds 288K Jobs In June, Unemployment Rate Falls To 6.1% - Income Investing - Barrons.com
A big upside surprise on the June jobs data. The Labor Department reported that the U.S. added 288,000 new jobs in June, far ahead of consensus expectations of 215,000, while the unemployment rate fell to 6.1% in June from 6.3% in May. Consensus expectations had that rate holding steady. The labor-force participation rate held steady [...] → Read More
U.S. Adds 217,000 Jobs In May; Unemployment Rate Unchanged at 6.3% - Income Investing - Barrons.com
A right-on-the-money reading on May jobs just in: the Labor Department reported that the U.S. added 217,000 new jobs in May and the unemployment rate was unchanged at 6.3%. Economists polled by the Wall Street Journal had expected to see 210,000 new jobs in May and a slight rise in the unemployment rate to 6.4% from [...] → Read More
Barclays Downgrades Electric Utility Bonds, Sees Viable Solar Competition - Income Investing - Barrons.com
Barclays this week downgrades the entire electric sector of the U.S. high-grade corporate bond market to underweight, saying it sees long-term challenges to electric utilities from solar energy, and that the electric sector of the bond market isn’t pricing in these challenges right now. It’s a noteworthy downgrade since electric utilities which make up nearly [...] → Read More
Record Amount Of Dividend Increases In Q1 – S&P DJI - Income Investing - Barrons.com
If you’re an income investor in search of rising dividends, you were in luck during the first quarter, which saw a record 1,078 companies raise their dividends, according to S&P Dow Jones Indices. It was 14.2% more than in the same quarter a year ago, and it beat the previous Q1 record of 1,069 set [...] → Read More
U.S. Adds 192,000 New Jobs In March, Unemployment Rate Steady At 6.7% - Income Investing - Barrons.com
The Labor Department just reported that the U.S. added 192,000 jobs in March, all in the private sector. That comes very close to matching economists’ expectations of 200,000 new jobs, as surveyed by Dow Jones, and almost exactly matches the 191,000 March private-sector job gains reported by ADP earlier this week. It’s also right in line [...] → Read More
Ukraine Crisis Pushes U.S. Bonds Higher - Income Investing - Barrons.com
It’s a safe-haven kind of day so far Monday, with escalating tensions between Russia and Ukraine sending investors in the direction of Treasury bonds. The early read on the 10-year Treasury note shows a yield of 2.61%, per Tradeweb data, down from 2.65% at the close of business Friday. Tempering the bid for Treasuries a [...] → Read More
Are REITs Doomed To Fall As Rates Rise? - Income Investing - Barrons.com
Are real-estate investment trusts predestined to correlate with bond markets as interest rates rise? Or, since they trade like stocks, can they break free of the influence of interest-rate swings to rise and fall on their own? Last year REITs got hit hard as rates rose, producing the widest gulf in the past 15 years [...] → Read More
2013 Sees Record $86 Bln In Bond-Fund Withdrawals - Income Investing - Barrons.com
Investors withdrew a record $86 billion from U.S. bond mutual funds and exchange-traded funds during 2013, TrimTabs Investment Research said today. It was the first net outflow for bond funds since 2004 and easily topped the previous single-year record redemption of $62 billion set in 1994, the last big losing year for bonds. “Bond funds [...] → Read More
Citi: Bonds Look Bad For Next Decade Or So - Income Investing - Barrons.com
Citi Private Bank released its 2014 outlook today, and it doesn’t have many nice things to say about bonds. Citi says stocks still have room to run even after last year’s outsized gains, but bonds are going to be stuck in a rut for a while. From Citi: [W]e expect further equity market gains to [...] → Read More
What the Smart Money Says About Bonds
Bond investors just closed the books on a rough 2013. Barron's surveyed some of the best fixed-income investors to hear what they expect this year. → Read More