Timmer Questions 60/40 Portfolio Revival Amid Weakening Stock-Bond Link
Fidelity's Jurrien Timmer questions the 60/40 portfolio comeback as higher Treasury yields sustain a positive stock-bond correlation.
5 h ago9 min read
Tailing 2 bps at US 20-year debt auction
The US 20-year bond auction tailed by 2 bps, with a bid-to-cover below the average.
15/09/2026 17:212 min read
- The 20-year note cleared at 5.420%, with the when-issued yield at 5.400%
- Bid-to-cover ratio stood at 2.57x, below the six-auction average of 2.65x
- Direct bidders took 30.7%, compared with 21.4% over the last six sales
Treasuries are under pressure amid a relentless rally in crude oil. West Texas Intermediate jumped $4.59 to reach $105.97 a barrel.
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