In the US, buying T-bills is of no benefit to longer bonds as a stand-alone measure. And MBS bonds confirmed as still rolling off. Also, longer tenors react poorly to muted anticipation of a Fed rate cut in December from Chair Powell.

Income investors may have seen B&G come across their radar thanks to the stock’s sky-high 17% dividend yield. But is that dividend as reliable as a bowl of the company’s Cream of Wheat hot cereal?