Hot Reads: Could SVB Disaster Result in Fed Pivot?

Plus, some of the largest bond ETFs represent more than half of the trading in their underlying bonds.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

SVB Fallout Puts Fed Rate Pivot Back in Play (Bloomberg) 
Markets are predicting a change in the course of interest rates now that there is trouble brewing in the banking sector. 

 

High Yield ETF Influence on Underlying Bond Market Jumps (Financial Times) 
A study of five of the largest ETFs finds they accounted for nearly half the daily trade of the bonds they owned in 2022. 

 

After a Year of Backlash, BlackRock Sticks to Proxy Voting Principles (Institutional Investor) 
The world’s largest asset manager made few changes to its 2023 investment stewardship plan. 

 

Is Banking Too Important to Be Left to Bankers? (Jackson Hole Economics) 
Banks are not like other private sector businesses, and failures cannot be assumed to be purely idiosyncratic or isolated events. 

 

US Bonds Rise as Risk-Off Sentiment Strengthens (The Capital Spectator) 
Investors turned to U.S. government bonds due to the collapse of Silicon Valley Bank last week. 

 

ETF Investors Reengage With Factors, Focus on Quality (Pensions & Investments) 
Morningstar’s Bryan Armour said factor ETFs have an audience if the fees aren’t too high.  

 

Signature Bank Closure Deals Another Blow to Crypto Industry (Bloomberg) 
The digital assets industry has become even more cut off from the banking system. 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.