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Wall Street’s Big Bet: A Bright Future for Bonds in 2024

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018. He was sworn in on May 23, 2022 for a second term as Chair ending May 15, 2026. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. There, he was responsible for policy on financial institutions, the Treasury debt market, and related areas. Before joining the administration, he worked as a lawyer and investment banker in New York City.

In a remarkable turn of events, Wall Street is pivoting back to high-quality U.S. bonds in 2024, riding on the wave of optimism that interest rates have reached their peak and the turbulent times for bondholders are now behind. Top 3 Key Points: In the financial realms of Wall Street, a consensus is brewing: the […]

BOJ Holds Majority of Japanese Government Bonds for the First Time

The Bank of Japan (BOJ) reached a significant milestone at the end of September, when it held over 50% of outstanding Japanese government bonds for the first time. This was a result of the central bank’s efforts to keep bond yields low, even as other central banks, such as the Federal Reserve, began raising interest […]