MadamLead/iStock via Getty Images Executive summary The Nationwide Loomis Core Bond Fund (IS share class) underperformed the Bloomberg US Aggregate Bond Index 0.82% versus 1.10% for the quarter. The Fund's Securitized Agency and Securitized Credit holdings were the largest contributors to performance for the quarter. The Fund's US Treasury and Investment Grade Corporate Holdings holdings were the ...
MadamLead/iStock via Getty Images Executive summary The Nationwide Loomis Core Bond Fund (IS share class) underperformed the Bloomberg US Aggregate Bond Index 0.82% versus 1.10% for the quarter. The Fund's Securitized Agency and Securitized Credit holdings were the largest contributors to performance for the quarter. The Fund's US Treasury and Investment Grade Corporate Holdings holdings were the greatest detractors from performance for the quarter. Market Environment The bond market delivered a solid total return with low volatility in the fourth quarter, closing out a generally positive year for the asset class. Fixed-income assets remained supported by a backdrop of slow but positive economic growth, an annualized inflation rate that largely held below 3%, and accommodative US Federal Reserve (Fed) policy. The Fed enacted two-quarter point interest rate cuts and announced the end of its multi-year effort to reduce the size of its balance sheet. Additionally, investors appeared to anticipate that the Fed was likely to continue easing in 2026. These developments, in combination, fueled positive returns across all major segments of the market. Agency mortgage-backed securities (AMBS) outperformed Treasurys and over duration-equivalent US Treasurys. Securitized credit broadly outperformed Treasurys and over duration-equivalent US Treasurys across asset-backed securities (ABS), non-agency residential mortgage-backed securities (NARMBS), commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs). Performance Review The Fund modestly underperformed its benchmark during the quarter, 0.82% (IS share class) vs. 1.10%. An underweight allocation to US Treasurys weighed on performance for the quarter. Securitized Agency had a positive impact on performance. Corporate bond risk declined during the quarter from about 40% of budget tonear 30% of budget. While spreads widened during the quarter they remain narrow and the investment grade risk premium ...
Quad Amputee Cornhole Pro Accused Of Murder, Tesla Getaway A quad-amputee professional cornhole player has been accused of shooting a man in Maryland before driving off in his Tesla with the corpse, or dying guy (unclear), leaving everyone stumped. NEW: Quadruple amputee professional cornhole player accused of murdering someone before driving off in his Tesla. Dayton Webber, 27, who has no arms & ...
Quad Amputee Cornhole Pro Accused Of Murder, Tesla Getaway A quad-amputee professional cornhole player has been accused of shooting a man in Maryland before driving off in his Tesla with the corpse, or dying guy (unclear), leaving everyone stumped. NEW: Quadruple amputee professional cornhole player accused of murdering someone before driving off in his Tesla. Dayton Webber, 27, who has no arms & legs and was featured on ESPN, is accused of shooting 27-year-old Bradrick Michael Wells during an argument. "Police say Webber… pic.twitter.com/5J1UNoQccB — Collin Rugg (@CollinRugg) March 23, 2026 Dayton James Webber, 27, is accused of shooting and killing Bradrick Michael Wells, also 27, while the two were arguing in La Plata, Maryland. According to Fox5 DC , the incident occurred in Webber's Tesla SUV, while Wells was in the passenger seat at the time of the alleged shooting. After the incident, Wells reportedly pulled over and asked two passengers in the back seat to pull Wells out - however they declined to do so and instead called the cops after getting out of the vehicle. Webber, who had a quadruple amputation as a child due to a blood infection, then fled from the scene, leaving Wells in the Tesla (wait, don't Teslas have cameras inside?). Wells' body was discovered in a yard on Newport Church Road in Charlotte Hall, and was pronounced dead at the scene. Webber, meanwhile, was found by police at a Charlottesville, Virginia hospital, placed under arrest, and charged as a fugitive from justice. He will now be extradited to Charles County where he'll face first-degree murder, second-degree murder, and other charges . While you too may be stumped as to how a guy with no arms or legs can shoot a gun or drive, video has emerged of Webber loading a gun, racking the slide, and firing it . Video posted in January 2024 shows cornhole star Dayton Webber loading and firing a handgun. Webber is accused of shooting and killing 27-year-old Bradrick Michael Wells in Maryland befor...
Goldman Sachs Group Inc. dropped its call for monetary easing in Indonesia this year while adding interest-rate hikes for India and the Philippines as the US-Israeli war on Iran drives up energy prices and boosts inflation across Asia. Central banks in economies with less anchored inflation expectations, greater exchange-rate sensitivity and higher pass-through from fuel prices are more likely to ...
Goldman Sachs Group Inc. dropped its call for monetary easing in Indonesia this year while adding interest-rate hikes for India and the Philippines as the US-Israeli war on Iran drives up energy prices and boosts inflation across Asia. Central banks in economies with less anchored inflation expectations, greater exchange-rate sensitivity and higher pass-through from fuel prices are more likely to tighten policy, prompting it to also bring forward further tightening in Singapore and add another rate increase in Australia, the economists wrote in a note Tuesday. “A large supply shock creates challenges for monetary policy,” Goldman said. “Risks to our new baseline are two-sided but still skewed in the direction of a larger, longer upside shock to energy prices.” The report comes as energy markets have been thrown into turmoil by the Middle East conflict, with hostilities now in a fourth week. Goldman’s oil outlook assumes a near shutdown of Strait of Hormuz — which connects the Persian Gulf to global markets — through mid-April, pushing Brent to average $105 in March and $115 in April before easing to $80 by the fourth quarter. As a result, inflation will likely climb by more than 1 percentage point in Thailand and the Philippines, the economists said, adding they see “near-zero” impact in China, Japan and South Korea due to energy subsidies. For the region as a whole, they see consumer prices rising by an average 0.6 percentage point, taking cumulative upgrades to just over 1 percentage point since the conflict began The growth impact is uneven, Goldman said, as it sees negligible downgrades in China, Japan, South Korea and Taiwan while lowering forecasts by more than 0.5 percentage point for India, the Philippines, Thailand and Singapore. Current account balances are also set to deteriorate across much of the region except in Australia and Malaysia, Goldman economists said. They expect governments to loosen fiscal policy through subsidies and central banks to step u...
"Nothing has really improved, it's gotten worse," one said. "It feels each week that the line managers are looking for a new way to blame any failures of the new delivery system on the posties, rather than looking at what the failures actually are."
"Nothing has really improved, it's gotten worse," one said. "It feels each week that the line managers are looking for a new way to blame any failures of the new delivery system on the posties, rather than looking at what the failures actually are."
Tumult in private-credit markets is turning into a buying opportunity, even as default rates are likely to rise in 2027 and 2028, according to Alisa Mall , the chief investment officer for Michael Dell’s family office. “There’s going to be a huge amount of secondary activity in the private-credit market, and we are well-positioned for that and have spent a lot of time thinking about it,” Mall said...
Tumult in private-credit markets is turning into a buying opportunity, even as default rates are likely to rise in 2027 and 2028, according to Alisa Mall , the chief investment officer for Michael Dell’s family office. “There’s going to be a huge amount of secondary activity in the private-credit market, and we are well-positioned for that and have spent a lot of time thinking about it,” Mall said at a Bloomberg New Voices event in New York on Monday. She predicted that not all private credit will perform the same, anticipating a “dispersion” that will require close attention to details. “We’re looking for the gems that we can access because somebody is effectively a non-economic seller,” she said. “We love a discount, of course, but we’re looking for fundamentally good businesses that can withstand.” Private-credit funds have been hit by a wave of redemption requests amid growing anxiety around the $1.8 trillion market’s lending practices and exposure to businesses that are vulnerable to disruption by artificial intelligence. Much of the pressure on funds, Mall said, stems from managers’ growing reliance on investors who may need access to cash quickly and are inclined to rush for an exit, rather than on institutions with longer investment horizons. “A lot of the concern around the industry is more sentiment-driven than fundamental driven,” she said, pointing to the mismatch in consumer expectations of liquidity and the products they’re actually being offered. She expects the private-credit secondary market to continue to grow as more firms face redemption requests or as current investors need liquidity. Last year, secondary deals jumped to a record $226 billion, up 41%, according a report from Evercore. Read more: Private Secondaries Deals Hit $226 Billion Amid Thirst for Cash Recently, Dell’s family office bid – but lost out – on an energy portfolio that was trading below par, but would have been “a gem of exposure” for the firm, she said. Dell’s family office, c...
The US Senate on Monday confirmed Markwayne Mullin to serve as secretary of the Department of Homeland Security, elevating the Republican senator to a role where he will be among the public faces of Donald Trump’s crackdown on undocumented immigrants. The Republican controlled chamber confirmed Mullin largely along party lines, with a vote of 54-45. Rand Paul of Kentucky was the only Republican to...
The US Senate on Monday confirmed Markwayne Mullin to serve as secretary of the Department of Homeland Security, elevating the Republican senator to a role where he will be among the public faces of Donald Trump’s crackdown on undocumented immigrants. The Republican controlled chamber confirmed Mullin largely along party lines, with a vote of 54-45. Rand Paul of Kentucky was the only Republican to vote against him, while Pennsylvania’s John Fetterman and New Mexico’s Martin Heinrich were the sole Democrats to vote in favor. While Fetterman endorsed Mullin shortly after his nomination, support from Heinrich was a surprise. After voting to advance his nomination over the weekend, Heinrich released a statement calling Mullin a “friend” who “is not someone who can simply be bullied into changing his views”. “I look forward to having a secretary who doesn’t take their orders from Stephen Miller,” Heinrich said, referring to the White House official who is an architect of Trump’s immigration policies. Mullin is set to play a key role in implementing those policies, which polls show are growing increasingly unpopular among the public ahead of the November midterms, in which Republicans will be defending their control of the Senate and House of Representatives. A former House representative who was elected Oklahoma’s junior senator in 2022, Mullin now leads a 260,000-employee department whose sub-agencies include Immigration and Customs Enforcement (ICE) and the Border Patrol. Among his first tasks is sure to be stepping up efforts to reopen its operations, parts of which were shuttered in mid-February, when Democrats rejected funding legislation for the department because it did not include new guardrails on immigration enforcement operations. Democrats demanded the restrictions after immigration agents killed two US citizens during a weeks-long intensive enforcement operation in Minneapolis, and have listed among their demands a ban on officers wearing masks, a requiremen...
The Labour government has banned new licences for new oil and gas fields in the North Sea and a government spokesperson said issuing exploration permits "cannot give us energy security and will not take a penny off bills".
The Labour government has banned new licences for new oil and gas fields in the North Sea and a government spokesperson said issuing exploration permits "cannot give us energy security and will not take a penny off bills".
(RTTNews) - The Taiwan stock market has finished higher in two straight sessions, advancing more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,060-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets suggests little movement ahead of key U.S. employment data later this week. The European and U.S. mar...
(RTTNews) - The Taiwan stock market has finished higher in two straight sessions, advancing more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,060-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets suggests little movement ahead of key U.S. employment data later this week. The European and U.S. markets finished slightly higher and the Asian markets figure to follow suit. The TSE finished slightly higher on Monday following mixed performances from the financial shares, technology stocks and cement companies. For the day, the index improved 26.32 points or 0.11 percent to finish at 23,058.57 after trading between 23,015.17 and 23,187.88. Among the actives, Cathay Financial jumped 1.93 percent, while Mega Financial advanced 0.87 percent, E Sun Financial collected 0.70 percent, Taiwan Semiconductor Manufacturing Company rose 0.21 percent, United Microelectronics Corporation spiked 2.15 percent, Hon Hai Precision climbed 0.93 percent, Largan Precision retreated 1.64 percent, Catcher Technology tumbled 1.94 percent, MediaTek improved 1.07 percent, Delta Electronics increased 0.77 percent, Novatek Microelectronics soared 2.31 percent, Formosa Plastics shed 0.52 percent, Nan Ya Plastics lost 0.51 percent, Asia Cement gained 0.80 percent and CTBC Financial and Fubon Financial were unchanged. The lead from Wall Street is cautiously optimistic as the markets opened slightly higher on Monday and hugged the line for much of the day before moving firmly into the green by the close. The Dow added 50.66 points or 0.13 percent to finish at 39,169.52, while the NASDAQ rallied 146.70 points or 0.83 percent to end at 17,879.30 and the S&P 500 gained 14.61 points or 0.27 percent to close at 5,475.09. The lackluster performance on Wall Street came as traders look ahead to the release of the Labor Department's closely watched monthly jobs report on Friday. The report, which is expected to ...
Changes to Hong Kong’s implementation rules for the national security law will improve operational efficiency amid heightened geopolitical risks, experts have said. A legal expert and a former security minister said the amendments aimed to clearly lay out investigation procedures for searches under existing national security law powers, while an academic argued the move was needed to address onlin...
Changes to Hong Kong’s implementation rules for the national security law will improve operational efficiency amid heightened geopolitical risks, experts have said. A legal expert and a former security minister said the amendments aimed to clearly lay out investigation procedures for searches under existing national security law powers, while an academic argued the move was needed to address online threats that could involve external forces. “There are new procedures, but there are no new powers or principles,” Senior Counsel Ronny Tong Ka-wah, who sits on the key decision-making Executive Council, said. Advertisement The government gazetted a series of amendments to the implementation rules of the Beijing-imposed national security law on Monday. A spokesman said the changes would strengthen enforcement power, improve investigation of cases and mitigate national security risks more promptly. The changes include empowering police to require a person under investigation to provide passwords or decryption methods for electronic equipment, with non-compliance punishable by a maximum of one year’s imprisonment and a HK$100,000 (US$12,760) fine. Advertisement Customs officers were also empowered to seize articles deemed seditious, and authorities said they would set up applicable procedures and a strict timetable for processing claims of legal professional privilege involving materials seized by police for investigation.