Investments

The extra yield investors demand to hold 10-year notes compared with their two-year counterparts hit 73.7 basis points this week, just shy of the 2022 high touched in April.

The rally came as data showed a surge in job-cut announcements by U.S. companies, a jump in claims for unemployment benefits and a slide in job openings.

Bloomberg's dollar gauge rallied Friday morning in New York after Trump announced the post on social media. Short-term Treasury yields fell while those on longer tenors rose.

The unexpected drop in the Conference Board's gauge of consumer sentiment in January to the lowest level in more than a decade fortified the prospect of two Federal Reserve interest-rate cuts this year.

The $69 billion sale of two-year notes was awarded at 3.580%, more than a basis point below its yield at the bidding deadline.

A surge in gauges of US interest-rate volatility was also brief, with investors anticipating the Federal Reserve will leave rates unchanged at their meeting next week, amid signs of resilience in the economy.

The deal amplifies Janus' existing model portfolios and separately managed account offerings and positions the firm to be a leader in that area.

The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before 1 p.m.

In the U.S. Treasuries market, longer-dated bonds were hit hardest, as 30-year yields climbed 8 basis points to 4.92%.

The asset manager is in the midst of transforming itself from a dominant player in stocks, bonds and public markets, into one of the largest firms in private credit and infrastructure markets.

ODF II will focus on originating senior and junior commercial rea estate debt investments across major U.S. markets, focused on multifamily properties.

The positions in 10-year options could move closer to being in the money by the end of this week, with an array of labor-market releases ahead, culminating in Friday's government employment figures for December.

Yields gravitated back toward session lows — down three to four basis points on the day — after the December ISM manufacturing gauge unexpectedly dropped.

Yield declines were biggest for short maturities, and the 30-year increased slightly, amid expectations at year-end that the Fed was likely to cut rates further in 2026.

Options include a possible repurchase agreement — effectively a loan — with Wall Street banks or potentially tapping Argentina's $20 billion swap line with the US Treasury Department.

Signs point to less aggressive uptier LMEs while sponsored borrowers pursue new structures to circumvent restrictions.

Holders willing to lend the note were able to do so at negative interest rates, with borrowers of the issue agreeing to sell it back the next day for less than they paid.

Later Tuesday, separate data showed US consumer confidence declined for a fifth consecutive month, reflecting ongoing concerns about inflation, tariffs and politics.

Janus brought several innovations to the asset management market, including the asset-backed securities ETF (JABS) and the fixed-rate CLO ETF (JAAA).

The vehicle's documents acknowledge private credit will generally make up between 10% to 35% of the fund. Its top three holdings are an agency mortgage bond and two US Treasury notes.