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UPI
a day ago
- Entertainment
- UPI
'Steve' photo: Cillian Murphy stars in 'Shy' adaptation
1 of 5 | Cillian Murphy stars in the upcoming film "Steve." File Photo by Pat Benic/UPI | License Photo June 24 (UPI) -- Netflix is teasing its upcoming film Steve, starring Cilllian Murphy as the titular character. The film is due on the streamer Oct. 3 following a limited theater run in September. Murphy's Steve is a teacher facing both mental health struggles and the closure of the reform school where he works. A first-look photo released Monday shows Steve leaning against a blackboard, apparently deeply lost in thought. Here's your first look at Cillian Murphy in the upcoming film STEVE. Also starring Jay Lycurgo, Tracey Ullman, Simbi Ajikawo, and Emily Watson. A reimagining of Max Porter's bestselling novel SHY, the film follows a pivotal day in the life of a headteacher and his students at a... Netflix (@netflix) June 24, 2025 Jay Lycurgo portrays one of Steve's troubled students, Shy, who is, according to an official synopsis, "caught between his past and what lies ahead as he tries to reconcile his inner fragility with his impulse for self-destruction and violence." The two stories parallel one another in the feature, Netflix says, and the film was adapted from the book Shy, penned by Max Porter. Porter wrote the movie adaptation and Tim Mielants directs. The cast also includes Tracey Ullman, Simbi Ajikawo and Emily Watson.
Yahoo
08-04-2025
- Business
- Yahoo
These Bond ETFs Are Still Winning Amid Trump Tariff Selloff
Although Treasury yields jumped higher Monday, bond ETFs remained the best non-leveraged fund category over the past week as Trump's 'Liberation Day' tariffs sent stock prices tumbling. Amid all the tariff-related market volatility, finding an exchange-traded fund that has remained positive without using an inverse leveraged strategy is almost as challenging as navigating the market itself. While the stock market, as measured by the Vanguard S&P 500 ETF (VOO), dropped more than 9% in the past five trading days, the bond market has remained resilient, with many fixed income funds still in positive territory. Until Monday's Treasury yield spike, long-term Treasury bond ETFs like the iShares 20+ Year Treasury Bond ETF (TLT) rose 3% as fixed-income investors priced in the increasing likelihood of a recession, which would open the door to more rate cuts by the Federal Reserve in 2025. But after the bond selloff Monday, TLT more than gave up its weekly gains, and only a few bond ETFs remained above zero. Short-term and ultra-short-term bond ETFs such as the iShares 1-3 Year Treasury Bond ETF (SHY), the iShares 0-3 Month Treasury Bond ETF (SGOV), and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) have remained resilient amid the recent stock market selloff triggered by escalating tariff concerns. Gains for each over the past week were approximately 0.35% for SHY and about 0.10% for SGOV and BIL. Just one month ago, many investors overlooked these boring ETFs but would have loved to gain just a few basis points above zero rather than drop 10% to 20% like many stock funds have in that time. Short-term and ultra-short-term ETFs invest in high-quality, short-duration U.S. Treasury securities, which are widely considered safe-haven assets during periods of market volatility and economic uncertainty. As investors pulled money from riskier equities over the past week, demand increased for the relative safety and liquidity of Treasury bonds, helping to stabilize the prices of these short-duration ETFs. Additionally, the extremely short maturities of the underlying bonds in SGOV and BIL shield them from the price fluctuations typically caused by changing interest rate expectations. Unlike long-term bonds, these ultra-short-term instruments are less sensitive to rate movements and geopolitical noise, allowing them to maintain steady performance even as broader financial markets react sharply. While these ETFs have not delivered large gains, their stability and consistent yields have made them attractive to investors seeking capital preservation and a buffer against the uncertainty of the ongoing trade tensions and fears of slower global | © Copyright 2025 All rights reserved Sign in to access your portfolio
The National
08-02-2025
- Business
- The National
Why short-term bonds are a compelling investment option
A bond is a fixed-income instrument where a person lends money to a government or a company at a particular interest rate for a fixed time. The entity repays individuals with interest in addition to the original face value of the bond. Bond yields are inversely related to bond prices, meaning if yields are up, the value of the bond declines and vice versa. This relationship between yield and prices can be further explained by duration. Duration describes how much a bond's price will rise or fall with a change in interest rates. Bonds are usually used as diversifiers in a portfolio as they help reduce risk during market downturns. Bonds can have varying maturity, ranging from a few months to years. Here, we will look into short-term government bonds (one to three years) and long-term US government bonds (10 to 30 years). Interest rate sensitivity: Short-term bonds are less affected by interest rate changes due to their shorter maturity and, hence, lower duration. As they are paid off in just a few years, they leave a very limited window for default or large price fluctuations. Therefore, these funds are considered low-risk, low-volatility instruments and are preferred by investors when they believe rates have not topped off or will stay high. On the other hand, long-term bonds are more sensitive to interest rate fluctuations and have higher duration. That's because the longer the maturity, the higher the potential for large price fluctuations, given interest rate changes. These bonds are preferred by investors when rates are believed to have topped off and a cutting cycle will start soon. Liquidity: Short-term bonds are generally more liquid than long-term bonds, meaning they can be bought or sold more easily. That's because the market for short-term bonds is more active. Long-term bonds can be less liquid, especially during economic uncertainty or market volatility, as seen currently. Some of the best performing short-term bond funds are iShares 1-3 years Treasury Bonds ETF (SHY), Schwab Short-Term US Treasury ETF (SCHO) and Vanguard Short-Term Treasury ETF (VGSH). These exchange-traded funds have large assets under management, a low expense ratio and strong overall performance. For context, the above-mentioned ETFs have given a total return of approximately 4 per cent over one year compared to -3 per cent return of the iShares 20+ Year Treasury Bond ETF (TLT). In September 2024, the US Federal Reserve began its first rate cut in four years, bringing the target rate to 4.25 per cent to 4.5 per cent by December. The outlook for 2025 predicts stronger growth and lower unemployment. However, the inflation forecast was raised from 2.2 per cent to 2.5 per cent, higher than the Fed's target of 2 per cent. Given the current market conditions, it is estimated that US yields are likely to stay high, within a range of 4 per cent to 4.75 per cent for the coming year, according to Morgan Stanley. With solid economic growth, a stable unemployment rate and sticky inflation expectations, enthusiasm for long-duration bonds has reduced as rate-cut expectations for the year have come down. Markets now have a wait-and-watch approach as they evaluate economic conditions and the likely impact of US President Donald Trump's policies, with around two rate cuts priced in by the markets. Moreover, the US government is running a deficit (spending more than earnings in taxes) of almost $2 trillion and is expected to continue to do so. Hence, it would need to issue bonds to fund this deficit, a large portion of which would be long-maturity bonds (10 to 30 years). An increased supply of long-dated bonds would put downward pressure on prices and keep rates on longer-term bonds high. Additionally, investors are asking for higher returns on long-term bonds because they want to be compensated for risks like inflation or changes in the economy over time. Moreover, it is expected that the rates on 10-year bonds could rise by about 1.3 per cent, further putting pressure on long-term bond prices. All these factors together suggest that yields on long-term bonds are likely to stay elevated and volatile in the coming months, making short-term bonds a compelling investment option. Moreover, investing in short-duration funds provides investors with the potential for consistent income while maintaining flexibility during uncertain times and can also help to lock in higher yields. Vijay Valecha is chief investment officer at Century Financial
