Vijay Valecha, chief investment officer, Century Financial, said the rise in US Treasury yields is unlikely to be sustained as Jerome Powell, the chairperson of the US Federal Reserve, is not even discussing the tapering of bond purchases.
Furman Alexander Ford, 51, worked as an adviser for New York Life between 2012 and 2015. His major client, identified as “E.J.,” had inherited property worth $1.3 million, which Ford helped to sell and use the money to set up a charitable annuity.
The New York comptroller estimates the bonus pool for workers in the securities industry — which includes stocks, bonds and derivatives — also grew to $31.7 billion from December to March of this year, increasing from $29.7 billion from December 2019 to March 2020.
Many Americans are in need of another lifeline, like the $1,400 direct payments proposed under President Joe Biden’s $1.9 trillion American Rescue Plan, as the country approaches a year spent in the grips of the coronavirus pandemic.