Michael Mackenzie

December 21, 2022 | Daily Business Review

Of the 198 bond funds in the U.S. that actively manage at least $1 billion, only two — the T. Rowe Price Dynamic Global Bond Fund and the JPMorgan Strategic Income Opportunities Fund — have managed to record a gain this year.

By Michael MacKenzie and Ye Xie

5 minute read

October 10, 2022 | Daily Business Review

From Japanese pensions and life insurers to foreign governments and U.S. commercial banks, where once they were lining up to get their hands on U.S. government debt, most have now stepped away.

By Liz Capo McCormick, Garfield Reynolds and Michael MacKenzie

7 minute read

March 17, 2022 | Daily Business Review

Federal Reserve chair Jerome Powell downplayed the risk of a U.S. recession next year while stating monetary policy can tighten without sacrificing economic growth.

By Michael MacKenzie and Liz Capo McCormick

4 minute read

January 07, 2022 | Daily Business Review

Five-year yields jumped 21 basis points in four days for the steepest new-year increase in almost two decades, spurring a disruptive rout across assets of all stripes, from high-flying tech stocks to cryptocurrencies.

By Ye Xie, Michael MacKenzie and Peyton Forte

5 minute read