While a sharp increase in exposure to longer-dated bonds entailing greater risks could ordinarily be a matter of concern, the regulator isn’t too concerned yet due to extensive hedges used against the exposure.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of