finance economics

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

Investing in U.S. Treasuries appears to have lost its allure. A hedge fund titan forecasts that the Fed will not "significantly lower interest rates."

2024/10/10

ADVERTISEMENT

Ray Dalio, co-founder of Bridgewater, the world's largest hedge fund known as the "king of hedge funds," stated that due to recent volatility in the U.S. bond market, U.S. Treasury bonds have become a risky investment. He also predicted that the Federal Reserve (Fed) is unlikely to significantly lower interest rates in the near future.

According to Bloomberg, Dalio mentioned at the Greenwich Economic Forum that U.S. Treasuries are no longer a good investment, as the bond market is facing interest rate risks.

ADVERTISEMENT

He believes investors are overly eager to bet on rapid rate cuts. Last month, the Fed lowered the benchmark interest rate by 0.5 percentage points, marking its first rate cut in four years; however, a strong U.S. employment report in September gave policymakers reason to slow down further rate cuts.

The U.S. bond market has experienced ongoing turbulence this year, with two-year Treasury yields fluctuating between 3.5% and over 5%. Dalio noted that U.

The article is not finished. Click on the next page to continue.

ADVERTISEMENT

The article is not finished. Click on the next page to continue.

More articles

Three voting members of the Federal Reserve have indicated that future decisions on interest rate cuts will be based on data while maintaining a balanced approach

Three voting members of the Federal Reserve have indicated that future decisions on interest rate cuts will be based on data while maintaining a balanced approach 2024/10/10

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector 2024/10/14

The growth rate of the U.S. Producer Price Index has slowed, and the market widely expects the Federal Reserve to reduce interest rates by 25 basis points again in November

The growth rate of the U.S. Producer Price Index has slowed, and the market widely expects the Federal Reserve to reduce interest rates by 25 basis points again in November 2024/10/14

Berkshire continues to sell, further reducing its stake in Bank of America, with its shareholding now below the reporting threshold

Berkshire continues to sell, further reducing its stake in Bank of America, with its shareholding now below the reporting threshold 2024/10/12

Cook has started selling Apple stocks again, cashing in $50 million in the initial batch

Cook has started selling Apple stocks again, cashing in $50 million in the initial batch 2024/10/11

The U.S. September CPI annual increase of 2.4% hit a three-and-a-half-year low, increasing the chances of the Fed cutting rates again next month

The U.S. September CPI annual increase of 2.4% hit a three-and-a-half-year low, increasing the chances of the Fed cutting rates again next month 2024/10/11

AMD's Dr. Lisa Su stated that the company does not consider using any advanced manufacturing processes other than TSMC, and she is very optimistic about the prospects of the Arizona plant

AMD's Dr. Lisa Su stated that the company does not consider using any advanced manufacturing processes other than TSMC, and she is very optimistic about the prospects of the Arizona plant 2024/10/11

The ticket prices for Disneyland in California will increase by $7 to $12, but discounts will still be available during off-peak times

The ticket prices for Disneyland in California will increase by $7 to $12, but discounts will still be available during off-peak times 2024/10/11

The improper monopolistic behavior of search engines has led the U.S. Department of Justice to contemplate forcing Google to split its business operations

The improper monopolistic behavior of search engines has led the U.S. Department of Justice to contemplate forcing Google to split its business operations 2024/10/11

Jensen Huang stated that future artificial intelligence will have the ability to reason and think, but to achieve this, it is essential to reduce computational costs first

Jensen Huang stated that future artificial intelligence will have the ability to reason and think, but to achieve this, it is essential to reduce computational costs first 2024/10/10

The likelihood of a rate cut in November has increased, with three senior officials from the Federal Reserve stating that the current economic soft landing situation in the U.S. is favorable

The likelihood of a rate cut in November has increased, with three senior officials from the Federal Reserve stating that the current economic soft landing situation in the U.S. is favorable 2024/10/10

Category 5 hurricane Milton is approaching Florida, causing a blow to U.S. property insurance stocks, and Berkshire Hathaway is also affected

Category 5 hurricane Milton is approaching Florida, causing a blow to U.S. property insurance stocks, and Berkshire Hathaway is also affected 2024/10/10

Warren Buffett has once again reduced his stake in Bank of America, cashing out over $10 billion in the past three months

Warren Buffett has once again reduced his stake in Bank of America, cashing out over $10 billion in the past three months 2024/10/10