(Bloomberg) For fixed-income managers who’ve had a rough couple of years and a few false starts, the outlook is decidedly brightening. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and AndroidsXi’s Big Week Ends With Rare Wins on US Ties, Taiwan, EconomyInvestme
Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
(Bloomberg) Stocks in Asia jumped to track Wall Street’s rally after an unexpected inflation slowdown bolstered bets that the Federal Reserve’s aggressive hiking cycle is over. Treasury yields and the dollar steadied after sliding in the previous session. Most Read from BloombergS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USBiden, Xi to Announce China’s Crackd