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Apr 15, 2024
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treasury market. we will talk earnings next get a lot of big banks benefiting from the higher interest rate environment, all that volatility. allman sachs gaining confidence after beating estimates -- goldman sachs gaining confidence after beating estimates. it is our stock of the hour, next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up.
treasury market. we will talk earnings next get a lot of big banks benefiting from the higher interest rate environment, all that volatility. allman sachs gaining confidence after beating estimates -- goldman sachs gaining confidence after beating estimates. it is our stock of the hour, next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not...
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Apr 19, 2024
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it more than offsets the decline in treasury. sonali: if you think the stress starts to keep the system here, how much money are you willing to put towards today thinking that it could get worse tomorrow? ty: that's a good question and there are spots that you can pick. we are excited about the floating-rate opportunities in the clo market. we are buying a lot of leverage loans, below investment grade that are secured and you can earn yields of 10% plus, as opposed to the high-yield market which is an unsecured bond. we have a number of situations where we have long short positions that are long on the secured loan, shortly unsecured bond in the same company, making more money on the long than the short. it's not supposed to work that way, right? you are supposed to get more when you have more risk. sonali: thank you for keeping an eye on everything that is a little bit riskier. still ahead, the final spread, key u.s. data points. this is "real yield," on bloomberg. ♪ sonali: i'm sonali blatt -- i'm sonali basak and this is "bl
it more than offsets the decline in treasury. sonali: if you think the stress starts to keep the system here, how much money are you willing to put towards today thinking that it could get worse tomorrow? ty: that's a good question and there are spots that you can pick. we are excited about the floating-rate opportunities in the clo market. we are buying a lot of leverage loans, below investment grade that are secured and you can earn yields of 10% plus, as opposed to the high-yield market...
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Apr 23, 2024
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it is going to test the appetite for treasuries. that is going to kick off when we get a preview of that. u.s. two-year just above the five point level. yields have been around their highest level year today. in japan, we had the finance minister coming out saying that conditions were potentially there for intervention. a pop in the yen now for -- after those comments. let's cross over to asia now for a deep dive on those asian markets. avril. >> we are seeing a bit today makes recovery in the asia-pacific. the hang seng is leading the way , gamed to the highest level in about two weeks, underpinned by the surge in these chinese tech names. but apart from that, it is really a mixed picture where you have the kospi that is quite flat. a lot will depend on those big tech earnings. a nikkei that has paired games firm early on in the session, following the comments from the countries finance minister and the possibility of yen intervention. it does seem like sentiment towards china is improving. we have a rare upgrade coming from ubs on
it is going to test the appetite for treasuries. that is going to kick off when we get a preview of that. u.s. two-year just above the five point level. yields have been around their highest level year today. in japan, we had the finance minister coming out saying that conditions were potentially there for intervention. a pop in the yen now for -- after those comments. let's cross over to asia now for a deep dive on those asian markets. avril. >> we are seeing a bit today makes recovery...
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Apr 11, 2024
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treasury yields on its own. but if the market is still expecting two or three woodcuts this year, there is a certain level of stability with regards to asian credit or investment-grade credit issuance. annabelle: i am curious. because in this sort of market environment may be some short-term volatility short-term market risks, but still we have got really elevated levels in commodities oil, bitcoin, some equity benchmarks, as well that are at multiyear highs or around that point. how do you treat in this sort of environment? kelvin: it is a very tough environment to trade in because of the fact that, you have your bond use increasingly moving. the trajectory of bond use and equity markets have been different this year compared to the last two years. whenever treasury yields go up, the bonds fall. this year the trajectory has been different. if the earnings results in the next couple of weeks, and weaker than expected, that will put a lot more pressure on the equities market at this point in time. it's interestin
treasury yields on its own. but if the market is still expecting two or three woodcuts this year, there is a certain level of stability with regards to asian credit or investment-grade credit issuance. annabelle: i am curious. because in this sort of market environment may be some short-term volatility short-term market risks, but still we have got really elevated levels in commodities oil, bitcoin, some equity benchmarks, as well that are at multiyear highs or around that point. how do you...
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Apr 25, 2024
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treasuries so we started with the u.s. treasury. the cme when we announced we were going to be in the u.s. treasury market like an exchange, they had 85% market share. i call them the heavyweight champ. it was 15% by other players. we now have 28% and they are in the mid 60's so someone things we can't get a glove on the champ, they are wrong. the treasury business was one and now we will do treasury futures. you might say why shouldn't you win and that is well and the answer is i think we will. and we will do for futures which are like interest rate swaps and that will be amazingly close behind. sonali: you talked about this business but are there other markets you would look to break into you are not currently in? >> we will start with the interest rate world. when you've got the world's greatest trading firms as your partner, they're going to say what's next. i would think other futures exchanges will be a classic move sonali: and bonds? >> it's a futures exchange, you can do anything. it's fun and we have the technology in place
treasuries so we started with the u.s. treasury. the cme when we announced we were going to be in the u.s. treasury market like an exchange, they had 85% market share. i call them the heavyweight champ. it was 15% by other players. we now have 28% and they are in the mid 60's so someone things we can't get a glove on the champ, they are wrong. the treasury business was one and now we will do treasury futures. you might say why shouldn't you win and that is well and the answer is i think we...
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Apr 1, 2024
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the two year treasury yield is up about nine basis points and you look at the 10-year treasury yield, higher by about 13 basis points or so. we have been taking stock of woods going on in gold. it hit another all-time high, currently have about half a percentage point. looking at the dollar, it's continuing to rally, up about 0.3%. bit coin is actually on a little bit of the downdraft right now off by about 3% or so. let's look at some midday movers on the equity side. let's start with at&t. the shares are dropping after the wireless carrier said data from 73 million current and former customers was leaked onto the dark web. that apparently happened two weeks ago and it still under investigation. at&t is also under federal investigation for the widespread cell service outage in february. want to take a look at nickel which is flat but that's after it surged earlier because the ev maker is suing its former ceo in an effort to thwart his alleged board takeover. the stock has tumbled almost 99% from its high. let's go back to those broader market moves. a fifth straight months of gains i
the two year treasury yield is up about nine basis points and you look at the 10-year treasury yield, higher by about 13 basis points or so. we have been taking stock of woods going on in gold. it hit another all-time high, currently have about half a percentage point. looking at the dollar, it's continuing to rally, up about 0.3%. bit coin is actually on a little bit of the downdraft right now off by about 3% or so. let's look at some midday movers on the equity side. let's start with...
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Apr 19, 2024
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this is the yields in terms of treasury yields. more analysis in great detail, markets today is next. stay with us, this is bloomberg. ♪ life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize the awkward. it's totally worth it. food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow >> good mor
this is the yields in terms of treasury yields. more analysis in great detail, markets today is next. stay with us, this is bloomberg. ♪ life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental...
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Apr 16, 2024
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treasury secretary, janet yellen, speaking right now. she does not see widespread spillovers from the iran attacked. she also expects additional sanctions against iran in the coming days. you can follow her remarks right now on livego on your terminal. that is secretary janet yellen speaking right now. still ahead, we will look at the companies making it the most -- making the most social buzz today. this is bloomberg. ♪ katie: time for social climbers, a look at the stocks making waves on social media this morning. the doj repairing to file an antitrust complaint against live nation that would force it to spin off the ticketmaster business. live nation and ticketmaster have been under fire for ticket fees and faulty customer service. , u.k. boot maker doc martens lowering its outlook for 2020 five and naming a new ceo. this comes as doc martens contends with sliding cells and the u.s. and shares that have fallen over 80% since its ipo three years ago. finally, we have united health beating profit estimates and deferring its outlook fo
treasury secretary, janet yellen, speaking right now. she does not see widespread spillovers from the iran attacked. she also expects additional sanctions against iran in the coming days. you can follow her remarks right now on livego on your terminal. that is secretary janet yellen speaking right now. still ahead, we will look at the companies making it the most -- making the most social buzz today. this is bloomberg. ♪ katie: time for social climbers, a look at the stocks making waves on...
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Apr 5, 2024
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sonali: how do you see the treasury market is a safety trade? do you think people are moving into the marketed any degree with uncertainty? >> it is to save trade. if you're talking about a few basis point moves. we suspect we are near the end of the peak of rates. you would have to see a significant raise upwards and inflation. you have these strong economic numbers play out into influencing inflation. you are pretty much at the top of the cycle in terms of real yields. this is a time to go ahead and invest. we also like the idea of high quality banks. things to this opportunity if we have a near-term opportunity and raises reasonable to laboring integration traits. -- traits. sonali: what about cold, bitcoin? ed: to what extent do you think the valuation of the salicylates as opposed to what you have? of the treasury side, one powerful argument is that inflation has come down from seven changed to 3%. the notion of the fed put his back on the table. now the heat is out of the system in the fed put becomes much more palatable. i think credit is
sonali: how do you see the treasury market is a safety trade? do you think people are moving into the marketed any degree with uncertainty? >> it is to save trade. if you're talking about a few basis point moves. we suspect we are near the end of the peak of rates. you would have to see a significant raise upwards and inflation. you have these strong economic numbers play out into influencing inflation. you are pretty much at the top of the cycle in terms of real yields. this is a time to...
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Apr 24, 2024
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after the two-year treasuries were well received. that option well received yesterday. is the market feeling indigestion? the u.k. minister visits in germany, continues his european tour. antony blinken is arriving in china later today. expected to touch down in shanghai. he's got a message for his chinese counterparts. later, u.s. earnings report, boeing, ford motor, and meta-with the focus on the aia. coming up, lecturing spending going out of style in china as the economy continues to struggle. we are going to check in on how that is affecting the biggest fashion brands. after gucci sales tumbled on weak demand. that is next. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. we bring you their earning with that gas major, three with first quarter adjusted net income. comes in marginally above the estimates, just by hair, 1.58 billion euros. the estimates had been for 1.5 7 billion. the gas unit of this business would be before relatively badly within this quarter and it would be the downstream part to do the
after the two-year treasuries were well received. that option well received yesterday. is the market feeling indigestion? the u.k. minister visits in germany, continues his european tour. antony blinken is arriving in china later today. expected to touch down in shanghai. he's got a message for his chinese counterparts. later, u.s. earnings report, boeing, ford motor, and meta-with the focus on the aia. coming up, lecturing spending going out of style in china as the economy continues to...
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Apr 16, 2024
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treasury secretary elastic. let's bring in our greater -- treasury secretary last week. let's bring in our greater china senior executive editor. how much do you think beijing is going to take this on board? >> i think it is going to have to take this very seriously. the economy here is not in a good state. as we have talked about, exports is something beijing is hoping will be a pillar that it can depend on to get the economy going again. that is not going to work if tariffs are being put in place in europe. we already have investigations by the europeans into subsidies offered by china for electric cars. there is another, as we understand it, investigation coming into how china procures medical equipment, whether european companies have fair access to the market here. there is a lot brewing in terms of trade and that is not going to be helpful for the economy. we are expecting the chancellor to meet with xi jinping today. we believe that will be the message that he delivers when that meeting occurs. we have to think that president xi will take time to hear what the eur
treasury secretary elastic. let's bring in our greater -- treasury secretary last week. let's bring in our greater china senior executive editor. how much do you think beijing is going to take this on board? >> i think it is going to have to take this very seriously. the economy here is not in a good state. as we have talked about, exports is something beijing is hoping will be a pillar that it can depend on to get the economy going again. that is not going to work if tariffs are being...
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Apr 10, 2024
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. >> shares in hong kong valley while treasury yields cut off that 2024 hi. as traders count down to the latest reading on u.s. inflation. rafael bostic says he sees just one u.s.-made that this year. apple says it made $14 billion worth of iphones in india, double and production as the tech giant accelerates its private away from china. good morning and it is cautioned in the markets this morning as we await that inflation print. traders impatient for rate cuts and have already had to contend with two cpr reports this year. we have another thorn in their side. the stock were waiting for this report. you had the s&p 500 dipping. nvidia leading the losses. closing just above it. if we flip the board over to the cross as a picture, we are not expecting too much movement on treasuries as we wait for the cpi report triggering fireworks in the markets. but you did have treasuries climbing. while below that 4.5% level. 4.35% is where we are currently. the dollar pretty steady. brent back below $90 a barrel. holding the two day decline because on the one hand you ha
. >> shares in hong kong valley while treasury yields cut off that 2024 hi. as traders count down to the latest reading on u.s. inflation. rafael bostic says he sees just one u.s.-made that this year. apple says it made $14 billion worth of iphones in india, double and production as the tech giant accelerates its private away from china. good morning and it is cautioned in the markets this morning as we await that inflation print. traders impatient for rate cuts and have already had to...
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Apr 4, 2024
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you have treasuries ending broadly higher yesterday. the two-year yield currently at 4.68%, higher a basis this morning. the dollar has been a little weaker this morning. really it's not as coupled as closely with expectations for fed moves. that relationship seems to have evaporated somewhat. gold though very much listening to this fed chair jay powell. it has hit another record high. every day this week it has done that. 2300 dollars an ounce it smashed through. and brent 89 barrels or barrel. we have been discussing opec-plus sticking to supply cuts but also factoring in the geopolitical risk. could it hit $100 a barrel by late summer? jp morgan reckons so. let's get to vonnie quinn. she has an update on how asian markets are faring. vonnie: we are off the boil now on some of these markets, but still a nice rally today. bigger picture, china, hong kong and taiwan are all closed. hong kong will be trading in the friday session. we are counting on some markets to keep us higher in this rally today. the msci asia pacific index up 0.6% n
you have treasuries ending broadly higher yesterday. the two-year yield currently at 4.68%, higher a basis this morning. the dollar has been a little weaker this morning. really it's not as coupled as closely with expectations for fed moves. that relationship seems to have evaporated somewhat. gold though very much listening to this fed chair jay powell. it has hit another record high. every day this week it has done that. 2300 dollars an ounce it smashed through. and brent 89 barrels or...
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Apr 5, 2024
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senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made it clear they don't expect any deliverables. you will not see any memorandum of understanding. i think the goal is for incremental progress in convincing the chinese government from the treasury side that the overcapacity that they view as fueled by excessive state subsidies is not good for global markets. they are going to get blowback not only from the u.s. but several other countries. and they are getting blowback from other countries already. but it also won't be positive for the chinese economy that is by its own standards struggling at the moment. i don't think we are going to see any grand agreement or statements that we all agree on how it is that we are going to address
senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made it clear they don't expect any deliverables. you will not see any memorandum of understanding. i think the goal is for incremental...
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Apr 5, 2024
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you can buy and sell treasuries easily.but look at foreign demand for treasuries. it has been weak for the last few years. some because the effects hedging costs were high. some because people are looking to diversify.who will be the marginal buyer of treasuries? we have to get used to the u.s. market being the marginal buyer of treasuries. that is mutual funds. these are price-sensitive buyers which is why it is important that if rates go higher and you realize where is the cap and the distribution starts to widen, the price-sensitive buyers step away.we have tax cuts expiring next year. this is something the congress has to grapple with next year. the entire treasury market demand is all u.s., then they have to have a sense of the fiscal trajectory. we don't have a great fiscal trajectory right now. that is a long-term issue. the fed can drive where those rates go. if they aren't talking about hiking treasuries are capped. annmarie: the fed would have to step in if households can't do it? priya: the fed will step in if the dual mandate makes them. now, growth is
you can buy and sell treasuries easily.but look at foreign demand for treasuries. it has been weak for the last few years. some because the effects hedging costs were high. some because people are looking to diversify.who will be the marginal buyer of treasuries? we have to get used to the u.s. market being the marginal buyer of treasuries. that is mutual funds. these are price-sensitive buyers which is why it is important that if rates go higher and you realize where is the cap and the...
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Apr 8, 2024
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treasury sec. janet yellen and chinese premier li qiang during their bilateral meeting in beijing on sunday. sec. yellen is meeting today with pboc governor before wrapping up her china visit. for more, let's bring in bruce einhorn. what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on china in the biden administration compared to other members of the u.s. administration. if there is anybody who can deliver a message to the chinese and get some sort of good response, it should be janet yellen. she has been there since friday. we just saw a meeting with premier li qiang. that was at the great hall of the people yesterday. that was actually not on the original schedule. still today, she's meeting with the pboc governor. she's also going to be meeting with the former vice premier, who was also the for
treasury sec. janet yellen and chinese premier li qiang during their bilateral meeting in beijing on sunday. sec. yellen is meeting today with pboc governor before wrapping up her china visit. for more, let's bring in bruce einhorn. what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on...
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Apr 19, 2024
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i don't look at the treasuries as much. so i don't think we are going to get -- if i look at equities, we are now getting to your 100 day moving averages. you are starting to get to important levels. because if that happens, we are breaking through, you are going to see another step down or so. if we go to five than the equities will have another good step lower across the world. annabelle: what do you make of what we are seeing in earnings so far? is that going to be another catalyst to drive markets higher, even against the backdrop of higher yields from commodity prices? herald: we are talking about the global macro and that is not helping asian equities we want. with the earnings numbers that come through out of the region are not so bad. chinese earnings have gone through reporting season, we have tallied them up. they look like last year, so we are still rearview mirror. last year people thought there was no growth at all. but it was close to 15%. not too bad across the region. china, this year the expectations are fo
i don't look at the treasuries as much. so i don't think we are going to get -- if i look at equities, we are now getting to your 100 day moving averages. you are starting to get to important levels. because if that happens, we are breaking through, you are going to see another step down or so. if we go to five than the equities will have another good step lower across the world. annabelle: what do you make of what we are seeing in earnings so far? is that going to be another catalyst to drive...
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Apr 8, 2024
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you can see the difference when it comes to treasuries from that u.s. jobs report in terms of fan cuts. back to about 65 basis points this year now. the two year yield is currently lower attached. the dollar is a touch lower. oil has been lower off the back of israel, saying they will pull some troops out of gaza and bitcoin is back below that 70 k mark having broken through it over the weekend. let's zoom in on asian markets. what is happening where you are? west good morning. as you were dissing, asian stocks are starting the week a little bit on a bright spot after that better than inspected u.s. jobs report we saw. he does not release much the main sentiment in the hong kong shares. just a little bit more poor. basic 80 meant to liquidate in these wanting a petitions. i also wanted to take you to the commodities space a little bit with iron or rebounding other bit after this rock -- after this long weekend we had in china. gold is also extending gains there. big buyers of gold. that has been feeling this scorching hot all-time record rally. china ha
you can see the difference when it comes to treasuries from that u.s. jobs report in terms of fan cuts. back to about 65 basis points this year now. the two year yield is currently lower attached. the dollar is a touch lower. oil has been lower off the back of israel, saying they will pull some troops out of gaza and bitcoin is back below that 70 k mark having broken through it over the weekend. let's zoom in on asian markets. what is happening where you are? west good morning. as you were...
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Apr 9, 2024
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treasury yields at their highest levels of the year. traders deciding that two rate cuts from the fed are likelier than three this year. earlier we heard from neel kashkari commenting around the path of inflation trending lower, that the labor market is not red hot although still tight. that is from the minneapolis fed president, who is not a voting member, but had been recently commenting on the possibility that no easing at all would be required. but this loss of faith is what we are seeing here that the fed will deliver on three rate cuts which was expect it last month. it has been gathering pace the last few trading sessions. next up of course, we will be fixated on the cpi print. paul: yes indeed. that is coming up very soon in the u.s. a new imf report is warning of emerging risks in private credit markets including liquidity and the strength of underlying borrowers. we spoke exclusively with the deputy director about the fund's concerns. >> the concern is one of rapid growth. this is part of a trend that has been going on for dec
treasury yields at their highest levels of the year. traders deciding that two rate cuts from the fed are likelier than three this year. earlier we heard from neel kashkari commenting around the path of inflation trending lower, that the labor market is not red hot although still tight. that is from the minneapolis fed president, who is not a voting member, but had been recently commenting on the possibility that no easing at all would be required. but this loss of faith is what we are seeing...
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Apr 10, 2024
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could you tell me what to do at treasuries? >> we wait for the cpr number because that will tell us which direction the fed will go in the next few months and tell us where it is not real growth going to be? that's the real benchmark. that's the first point. what do you do with treasuries? they are the gold that backs of the financial system. you cannot liquidate them completely. so you cannot migrate away from them entirely. you have to be tactical. we are in an environment where, depending on your mandate, depending on what you do, you have to hold treasuries but you don't have to hold duration. so you can move in and out of duration. we start to see five and 10 year treasuries approach where nominal growth is, that's a good buying opportunity. >> controversial at times. thank you. some big calls. >> talking about why the fed wants to cut so badly and how this has raised questions of what could be behind that. in terms of the conclusion for the investment thesis, i wonder how much he is on the same page as bob prints, basical
could you tell me what to do at treasuries? >> we wait for the cpr number because that will tell us which direction the fed will go in the next few months and tell us where it is not real growth going to be? that's the real benchmark. that's the first point. what do you do with treasuries? they are the gold that backs of the financial system. you cannot liquidate them completely. so you cannot migrate away from them entirely. you have to be tactical. we are in an environment where,...
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Apr 9, 2024
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treasuries steady, a whisker away from 4.5%. former st. louis fed president james tells us markets should expect three cups this year. but he says the fed does not need to rush. more of our exclusive interview this hour. israeli officials signal optimism on talks with hamas. prime minister netanyahu warns that a day has been set for the invasion of the southern gaza city of roff up. good morning, welcome to tuesday. the prospect of three fed cuts this year, whatever james bullard says, is not looking likely in the eyes of markets. ahead of tomorrow traders are pricing only to cuts. first in september. with fewer cuts it puts pressure on the earnings season to drive the stock market rally. not a lot of fireworks on equities and you have futures pointing to a slightly higher opening this morning on wall street, but not so in europe and if we flipped the board, let me show you treasuries because this is where the action was. 10 year yields highest since november. we will bring you more in a moment, but they are at 4.4 percent. euro-dollar is
treasuries steady, a whisker away from 4.5%. former st. louis fed president james tells us markets should expect three cups this year. but he says the fed does not need to rush. more of our exclusive interview this hour. israeli officials signal optimism on talks with hamas. prime minister netanyahu warns that a day has been set for the invasion of the southern gaza city of roff up. good morning, welcome to tuesday. the prospect of three fed cuts this year, whatever james bullard says, is not...
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Apr 8, 2024
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treasuries starting off on the back foot. we are seeing yields hitting 2024 highs. paul: the two-year edging closer to the 5% level. we are hearing from the ministry of finance again about possible intervention. it is really a retread of those old lines. if the yen keeps on weakening, maybe today is the day. haidi: we spoke earlier about when the intervention could come and the sensibility of the fact they may want to wait until after the u.s. inflation print. wait for that to washout if you will, before if they need to do significant intervention. let's take you to the market open. we are expecting a solid set up. japanese equities just extending those gains about .4% higher for the nikkei 225 and the topix. watching a lot of the commodities and energy names. this is oil, iron ore and a number of other commodities continue to clock in those gains. dollar-yen hovering just under that 152 level.
treasuries starting off on the back foot. we are seeing yields hitting 2024 highs. paul: the two-year edging closer to the 5% level. we are hearing from the ministry of finance again about possible intervention. it is really a retread of those old lines. if the yen keeps on weakening, maybe today is the day. haidi: we spoke earlier about when the intervention could come and the sensibility of the fact they may want to wait until after the u.s. inflation print. wait for that to washout if you...
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Apr 3, 2024
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treasuries. we begin with our top story, good news is fairly bad news, better-than-expected economic data is pushing out rate bids. comments from jay powell will happen later today in the u.s. jobs report friday. we had the cio and head of global investment at t. rowe price. good morning to you. >> good morning. jonathan: have your expectations for the federal reserve shifted in the same way market expectations have? >> we were never as excited about this -- as many rate cuts as the market priced in. one of the things that stands out to me is if you go back to what powell said early on, he is a student up what happened in the 70's. if you look at the mistake made then by cutting too early and if you map the cpi to the very beginning of this cycle versus the last, it follows a similar curve. if they start cutting now, i think they are in. danger of making the same mistake jonathan: is that the biggest risk cutting too soon? >> i do. jonathan: what would that mean for bond markets? >> you would see
treasuries. we begin with our top story, good news is fairly bad news, better-than-expected economic data is pushing out rate bids. comments from jay powell will happen later today in the u.s. jobs report friday. we had the cio and head of global investment at t. rowe price. good morning to you. >> good morning. jonathan: have your expectations for the federal reserve shifted in the same way market expectations have? >> we were never as excited about this -- as many rate cuts as the...
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Apr 22, 2024
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treasury. that shows the important financing capacity of the bank and this is what allows us to be very competitive in financing our clients, public and private clients and contributing to growth and prosperity in europe and beyond. so we really need to calibrate our response as well. so far the market is responding as we had anticipated and take we certainly will step up our support to europe's curate and defense. jonathan: you of course were part of the spanish government for a little while, i'm used to calling you minister. what are your thoughts on whether the defense spending will overwhelm the i could be used in developing the european economy more broadly? are you concerned about that in any way, shape or form? >> contribute into peace at the end of the day is not weakening our support to social infrastructures, innovation, the digitization, climate action which is a top priority, and the key challenge of our time. jonathan: good to see you, thanks for stopping by. enjoy new york. i thin
treasury. that shows the important financing capacity of the bank and this is what allows us to be very competitive in financing our clients, public and private clients and contributing to growth and prosperity in europe and beyond. so we really need to calibrate our response as well. so far the market is responding as we had anticipated and take we certainly will step up our support to europe's curate and defense. jonathan: you of course were part of the spanish government for a little while,...
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Apr 8, 2024
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yields in australia are a little, let's look at how treasuries are trading. not a huge amount of change, but upward yields continuing in the question of the day's regarding the two year. closing in on 175. let's get to our next guest to seize opportunities for japanese markets. they are the asian equities and portfolio manager at evan jean investments in singapore. like japan across the board. do you see this rally moderating? when it comes to japan? >> good morning. fair question given the move we've seen. our view is long-term and we see opportunities across sectors and liquidity profiles. earnings growth will be higher than anticipated. more buybacks, shareholders holdings being bought back. this should last for a while. paul: yet intervention is a rising conversation. presenting risks for japan going forward. >> in the short-term yes, earnings season kicked off with automation names and i'd like to get back to that. in general, it is business as usual navigating oil costs. that is all part of their daily business and not an acute risk to the markets. haid
yields in australia are a little, let's look at how treasuries are trading. not a huge amount of change, but upward yields continuing in the question of the day's regarding the two year. closing in on 175. let's get to our next guest to seize opportunities for japanese markets. they are the asian equities and portfolio manager at evan jean investments in singapore. like japan across the board. do you see this rally moderating? when it comes to japan? >> good morning. fair question given...
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Apr 10, 2024
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of course, we are watching treasuries closely ahead of the key cpi report and we saw a rebound, treasuries rising as bonds are starting to spike when it comes to the expectations for the inflation print. any resurgence that is seen as hotter than expected across assets, we could see sidelined treasury investors coming back into short positions and a spike in yields. annabelle: let's bring in daniel lam, head of equity strategy at standard chartered wealth solutions. you are one of the people expecting inflation to come in hotter than expected. daniel: hotter, yes, we believe inflation might be affected by the healthy side of things and energy cost is costly, crude oil being where it is. annabelle: how does that affect your outlook for rate cuts in turn? daniel: still expecting three rate cuts, but now the line is shifting from two to three. now it is two to three and that has indications on how you allocate within u.s. equities, right? in quarter one we saw growth sectors powering ahead, but for the end of q1 you are seeing rotation to other sectors, especially energy. we up-weighted u.s.
of course, we are watching treasuries closely ahead of the key cpi report and we saw a rebound, treasuries rising as bonds are starting to spike when it comes to the expectations for the inflation print. any resurgence that is seen as hotter than expected across assets, we could see sidelined treasury investors coming back into short positions and a spike in yields. annabelle: let's bring in daniel lam, head of equity strategy at standard chartered wealth solutions. you are one of the people...
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Apr 9, 2024
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treasury yields standing at the 10 year rate the highest since november. the yen a whisker away from the 152 level with a warning that a hard cpi number from the u.s. could send it tumbling into intervention territory. we have jp morgan asset management solutions and joining us to discuss solutions is the commissioner from the cftc, caroline pham. gains ahead of cpi prints. annabelle: there has been a lot of tension coming down to what we get from those u.s. inflation numbers on wednesday. there are a couple of themes developing. you have equity gains extending for another session. traders feeling optimistic though we do continue to see the repricing around the outlook for fed rate cuts. we were at seven at the beginning of the year and went down to three. traders favoring two reductions for 2024 bond yields moving higher. we have gains coming through. the materials sector is the index standing out. yesterday there was the story of the jump in iron ore prices. generally we sell gains for copper, aluminum, zinc. that trend continuing for another session tod
treasury yields standing at the 10 year rate the highest since november. the yen a whisker away from the 152 level with a warning that a hard cpi number from the u.s. could send it tumbling into intervention territory. we have jp morgan asset management solutions and joining us to discuss solutions is the commissioner from the cftc, caroline pham. gains ahead of cpi prints. annabelle: there has been a lot of tension coming down to what we get from those u.s. inflation numbers on wednesday....
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Apr 18, 2024
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alifia: no, i think you need treasuries and gold. annmarie: that is what doctors do, they do not want to prescribe certain drugs, so -- lisa: why don't you sing it? jonathan: i will leave it there, a good time. alifia doriwala, let's hear an update on stories elsewhere. this go over to dani burger. >> advisors are pushing to keep cap the state and local tax induction treats even more and arthur laufer say they are opposed to any increase to the $10,000 right off cap, imposed in trump's 2017 tax law and will expire at the end of 25. shares of alaska air are higher with the airline expecting second quarter profit above analyst estimates. they cut, citing a surge in travel by tech companies and increased demand for premium tickets. the company is bouncing back following the temporary grounding of one of their boeing aircrafts after the fuselage panel blew off on an alaska air flight in january. elon musk says some of the severance packages sent to former tesla employees as part of its biggest ever workforce reduction or too low. he apol
alifia: no, i think you need treasuries and gold. annmarie: that is what doctors do, they do not want to prescribe certain drugs, so -- lisa: why don't you sing it? jonathan: i will leave it there, a good time. alifia doriwala, let's hear an update on stories elsewhere. this go over to dani burger. >> advisors are pushing to keep cap the state and local tax induction treats even more and arthur laufer say they are opposed to any increase to the $10,000 right off cap, imposed in trump's...
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Apr 8, 2024
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lisa: is this jamie dimon as treasury secretary or ceo? sonali: this letter has always been the swansong to the world, his way of really weighing in on a lot of issues that impact jp morgan customers but also governments around the world. there is a section that talks about what it is like to be a good leader and you have to wonder if that is the handoff story, that not just of people looking at qualities for the next ceo but also his own letter here to whoever his successor may be. >> he said trump was kind of right in davos. he went to the white house and had lunch with kamala harris. what is he doing in terms of politics? he is walking a fine line. sonali: he always has. he says he is a cold-blooded, free-market capitalist. it is important to remember his economic thinking as we think about how he deals with politicians. it is interesting to watch them go to congress now that they have the annual grilling of the bankers. they do not ask the same political questions the use to about green energy. the balance has swayed for these banks, s
lisa: is this jamie dimon as treasury secretary or ceo? sonali: this letter has always been the swansong to the world, his way of really weighing in on a lot of issues that impact jp morgan customers but also governments around the world. there is a section that talks about what it is like to be a good leader and you have to wonder if that is the handoff story, that not just of people looking at qualities for the next ceo but also his own letter here to whoever his successor may be. >> he...
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Apr 16, 2024
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you have a stronger dollar, higher treasury yields. that is all part of the treating dynamic for today. dynamic for today. -- life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize the awkward. it's totally worth it. >> take a look at some of the kiwi assets we are watching. quite a bit of fluctuation when it comes to the new zealand dollar but the trajectory is quite clear, particularly given the upsides that we continue to see in the u.s. dollar. dollar kiwi trading 58.93 at the moment and that is expected to be broader downward pressure going forward. we have cpi data that slowed to the weakest in three years for the first quarter even as we see domestic price pressures persisting. annual inflation easing to 4% from 4.7%
you have a stronger dollar, higher treasury yields. that is all part of the treating dynamic for today. dynamic for today. -- life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize...
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Apr 23, 2024
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the treasury is going back to the bank which is the american household. that does it for bloomberg markets. we are watching a market that's higher on the day. we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balan
the treasury is going back to the bank which is the american household. that does it for bloomberg markets. we are watching a market that's higher on the day. we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new...
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Apr 12, 2024
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with treasury auctions. we saw weak demand with the 10 year seeing the lowest bid to cover since december of 2022. hot cpi numbers. the total still met the low end of dealer estimates. a notable sale from diamondback energy drove sales to over $20 billion. even with this week's volatility, premiums continue to sink. spreads for corporate never to levels that have not been seen since 2007. let's bring in our roundtable. will, let's talk about the risky stuff. we had a lot of change in sentiment this week when we got the new inflation data. how did that impact your market? will: spreads continue to grind tighter. markets are focused on that yield number. a lot of investors just view that as an attractive opportunity to buy high yield outside of the recessionary period. it is rare to get this. high yield spreads continue to grind tighter. in our view that should be your base case because the economy is in really good shape and credit fundamentals are starting from a point of a lot of strength. the reality is th
with treasury auctions. we saw weak demand with the 10 year seeing the lowest bid to cover since december of 2022. hot cpi numbers. the total still met the low end of dealer estimates. a notable sale from diamondback energy drove sales to over $20 billion. even with this week's volatility, premiums continue to sink. spreads for corporate never to levels that have not been seen since 2007. let's bring in our roundtable. will, let's talk about the risky stuff. we had a lot of change in sentiment...
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Apr 9, 2024
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Apr 2, 2024
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the two-year treasury yield at 4.69%. we have seen traders pushing back their pricing for the first full fed cut to september. all eyes turn to that u.s. jobs report for march on friday. the dollar, pretty steady at the moment. higher six basis points. oil just below $88 a barrel. this is on all of the geopolitical risk in the middle east. also, the supply tighter from mexico. you have gold hovering near record highs, currently trading at $2254 an ounce. meanwhile, the yen is weakening toward 152 per dollar. this is a key level that traders see elevating the chances that japanese officials will bring us that yentervntion. let's get to mark cudmore. spring is here, is it time for the yen to blossom? mark: good morning. it is not time for the yen to blossom. there aren't any cherry blossoms for this currency. whether there is intervention, it will only lead to short-term gains. the fundamental reasons for yen weakness are structurally still there and will not change in intervention and have not changed based on recent doj a
the two-year treasury yield at 4.69%. we have seen traders pushing back their pricing for the first full fed cut to september. all eyes turn to that u.s. jobs report for march on friday. the dollar, pretty steady at the moment. higher six basis points. oil just below $88 a barrel. this is on all of the geopolitical risk in the middle east. also, the supply tighter from mexico. you have gold hovering near record highs, currently trading at $2254 an ounce. meanwhile, the yen is weakening toward...
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Apr 29, 2024
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we are very underweight treasuries. you talked about strong growth and that's the reason why we are underweight. strong growth is not really constructive or treasuries. what would be the case if you could make the case for buying bonds at these levels? what level would you suggest people should get long bonds? >> it's fair what you are saying. on the other hand, i would say that most institutional investors and retail investors are massively underweight bonds. i'm not suggesting going massively long. we were short and we went neutral over the last several months. i would say that that range on talking about in anticipation of a rate cutting cycle will be shallow and i don't anticipate this will be the rally to end all rallies. at some point, i see diversifying fixed income which plays a diversification role in portfolios. i think that's really the case to be made. when i talk about it being shallow, the reason is over the longer-term, it is inevitable almost that we see treasuries moving systematically higher for a whil
we are very underweight treasuries. you talked about strong growth and that's the reason why we are underweight. strong growth is not really constructive or treasuries. what would be the case if you could make the case for buying bonds at these levels? what level would you suggest people should get long bonds? >> it's fair what you are saying. on the other hand, i would say that most institutional investors and retail investors are massively underweight bonds. i'm not suggesting going...
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Apr 4, 2024
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michael: for treasury secretary yellen there is a big distinction. i think as a trained economist that she believes that trade is good. that she wants to deliver a message that the u.s. doesn't seek to decouple. that is kind of a controversial view in the u.s. and i think that to some extent even within the biden administration. generally speaking she is trying to say we want to have trade, but we need to address what on the u.s. side is considered distortions coming from china's manufacturing sector error. lisa: a lot of focus has been on green energy and supplies to push forward the platform. how much is the biden's administration's hands tied? they're looking forward to shift towards technologies that require metals and technologies dominated by china? michael: it is a difficult balancing act, and it somewhat depends on the sector. something like solar, china's cost advantages are so extreme at this point that it's difficult to meaningfully decouple from china or take really aggressive actions in the solar sector. something like electric vehicles
michael: for treasury secretary yellen there is a big distinction. i think as a trained economist that she believes that trade is good. that she wants to deliver a message that the u.s. doesn't seek to decouple. that is kind of a controversial view in the u.s. and i think that to some extent even within the biden administration. generally speaking she is trying to say we want to have trade, but we need to address what on the u.s. side is considered distortions coming from china's manufacturing...
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Apr 12, 2024
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we see getting momentum in the bid into treasuries. 10-year yield, 4.51. when you look at where we have come from, it has been quite a ride considering the fact we have risen 20 basis points in one day, resetting the idea of rate cuts across the board. under surveillance, big banks kicking off earnings season. >> the first quarter of the year is always the strong quarter for investment banking. most of the banks are expected to report investment banking results that are plus anywhere from 10, 11 percent to 18% year-over-year growth. yes, there are numerous geopolitical risks out there but unless the markets collapse, which we don't expect, we expect a decent investment banking year. lisa: citigroup sales and trading revenue coming in pretty much in line although a slight beat. j.p. morgan and wells fargo reporting net income that missed estimates. ken lyons is back with us. you have seen citigroup, j.p. morgan, wells fargo, can you put the three together and put together any theme that stands out to you? ken: these banks are delivering, plenty of upside if
we see getting momentum in the bid into treasuries. 10-year yield, 4.51. when you look at where we have come from, it has been quite a ride considering the fact we have risen 20 basis points in one day, resetting the idea of rate cuts across the board. under surveillance, big banks kicking off earnings season. >> the first quarter of the year is always the strong quarter for investment banking. most of the banks are expected to report investment banking results that are plus anywhere from...
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Apr 30, 2024
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with -- because the treasury issues loss of short-term debt. that lowers long-term interest rates, but it is risky because as we have seen when interest rates go up, it can cost the u.s. a lot of money. inflation, of course the fed's heart is in the right place, but it is hard to be an island of technocratic tranquility in the middle of a sea turmoil. the fed is independent, but the governors get appointed, the fed chair gets appointed. over the long run, they can control the fed's budget, a lot of perimeters. they don't have to be so crude -- as i am sure you will asked me about donald trump and some proposals, but in more subtle ways that matter. there was this long period of globalization fiscal prudence, washington consensus, de-unionization. i am not praising that but it made it easier for the fed to bring down inflation and maintain decent growth. are things going into reverse? fiscal policy has long gone into reverse. a number of other factors. it is going to be harder i think for those reasons. my co-authors all think we will have an av
with -- because the treasury issues loss of short-term debt. that lowers long-term interest rates, but it is risky because as we have seen when interest rates go up, it can cost the u.s. a lot of money. inflation, of course the fed's heart is in the right place, but it is hard to be an island of technocratic tranquility in the middle of a sea turmoil. the fed is independent, but the governors get appointed, the fed chair gets appointed. over the long run, they can control the fed's budget, a...
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Apr 26, 2024
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let's take a look at the treasury yields. the two-year in particular has been bumping back up against that 5% level after a steep drawdown in yields earlier this year. we have not seen the level we have seen. we have met resistance and have not gotten there this week and there are questions among some in the market on whether we can even move a little higher than that. this week we heard from the cantor fitzgerald ceo who gave his take on when the fed would cut. >> i think right before the election, not that the fed is involved in elections, but september? i'm thinking september and it is not really to move the economy, it is to show off a little bit, help a little bit, the guy who was employing it today. maybe he will give you your job again if he gets elected. it can't hurt. i think september, one cut, just showing off. sonali: joining us now is -- i'm going to make both of you play the rate cut game with me. if you think about how early the fed could start to cut, what would be your earliest estimate? >> i would say septem
let's take a look at the treasury yields. the two-year in particular has been bumping back up against that 5% level after a steep drawdown in yields earlier this year. we have not seen the level we have seen. we have met resistance and have not gotten there this week and there are questions among some in the market on whether we can even move a little higher than that. this week we heard from the cantor fitzgerald ceo who gave his take on when the fed would cut. >> i think right before...
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Apr 18, 2024
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watching treasuries. a big jump against long-duration demand with that 20 year treasury auction. quite a bit of participation there. the warning when it comes to potentially higher for longer continuing to play out here. let's bring in our executive editor paul dobson. so the drumbeat of stubborn inflation, higher for longer. rates will stay here as long as it's needed. potentially we won't get to easing at all this year. is it finally starting to price through the markets? >> yeah. i think so. the odds are being placed and for what the fed is going to do this year. less than two cuts. if you look at market pricing in some of the enthusiasm for equities, it's gone off the boil a little bit as well. although we are also heading into earnings season, of course which tempers those bets as people wait to see whether that can be delivered. what's been really interesting overnight is this meeting between japan and south korea and janet yellen. they appear to have come away with it with a kind of implicit green light from janet yellen to be able to intervene in the currency market if th
watching treasuries. a big jump against long-duration demand with that 20 year treasury auction. quite a bit of participation there. the warning when it comes to potentially higher for longer continuing to play out here. let's bring in our executive editor paul dobson. so the drumbeat of stubborn inflation, higher for longer. rates will stay here as long as it's needed. potentially we won't get to easing at all this year. is it finally starting to price through the markets? >> yeah. i...
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Apr 1, 2024
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we'll watch treasury lines a bit later with china lifting the trade talks on australia wine before the long weekend and we see oil price recovering a bit after sinking to 10-month lows. we had pretty decent p.m.i. numbers out of china, also. looking at the bonds face, yields edging a little higher. we did see yields gaining across the curve in the u.s. after that strong i.s.m. factory data but in australia we've been hearing from the assistant governor chris kent who will join us on set saying the i.b.a. is not ruling anything in or out when it comes to the future path of rates in australia. let's look at futures for the nikkei in the meantime sitting up for a slightly down day. the yen is something to watch on the back of that u.s. data as well and the finance ministry still making noises about possible intervention. we have 151.63. around the four year low highs. >> and when it comes to the u.s. futures, given renewed focus on how the last stretch of the inflation fees through federal expectations as well and the futures looking flat by .10%. if you look at the bond trade, they're pr
we'll watch treasury lines a bit later with china lifting the trade talks on australia wine before the long weekend and we see oil price recovering a bit after sinking to 10-month lows. we had pretty decent p.m.i. numbers out of china, also. looking at the bonds face, yields edging a little higher. we did see yields gaining across the curve in the u.s. after that strong i.s.m. factory data but in australia we've been hearing from the assistant governor chris kent who will join us on set saying...
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Apr 15, 2024
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dollar index as well as potentially further gains in foil and across treasuries. futures taking lower as middle east tensions are top of mind for traders. the balancing against interest rates and inflation picture. annabelle: you mention those moves, part of that could be what we are seeing with metals. a spike for aluminum, nickel and copper, surging. reasons behind that are well understood. new u.s. and u.k. sanctions were issued and they are banning any russian supplies produced after midnight on friday. so spoken to more than two dozen market participants and the jump had been predicted. the question was whether this persists over the long term. some argue that removing russia from the market will drive prices higher and others are more focused on the prospect of russian metal permitted. certainly a story we are tracking. after u.s. and u.k. sanctions on new supplies on midnight on friday in response to the conflict. but the other one we are tracking, antony blinken saying washington does not want escalation while supporting israel's right to defense. balance
dollar index as well as potentially further gains in foil and across treasuries. futures taking lower as middle east tensions are top of mind for traders. the balancing against interest rates and inflation picture. annabelle: you mention those moves, part of that could be what we are seeing with metals. a spike for aluminum, nickel and copper, surging. reasons behind that are well understood. new u.s. and u.k. sanctions were issued and they are banning any russian supplies produced after...
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Apr 5, 2024
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treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is more than the global economy can bear. overcapacity for china becoming problematic now. we will keep across the rest of her four day visit to the country. europe has swapped russian lng for supply from the u.s. we will bring you a deep dive in europe's natural gas outlook and what it means for the energy transition. this is bloomberg. ♪ lizzy: time for our weekly deep dive into the green energy transition, europe is made it through winter with record gas storage levels and reduce reliance on russian gas committed instead to u
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is...
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Apr 16, 2024
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pretty much the same story as what we saw in terms of treasuries overnight. that is it from bloomberg markets: asia. daybreak middle east and africa is next. keep it here with us. this is bloomberg. ♪ o coming in.. big orders!s starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. make more of what's yours. hi, i'm kevin, from chase for business. and i've lost 152 pounds on golo. (uplifting music) my biggest concern when i started golo was food. i'm a big guy and, shockingly, i like to eat. i was worried it was gonna be like other diets that were bland and restrictive. but with golo, my meals are great, and i'm no longer hungry l
pretty much the same story as what we saw in terms of treasuries overnight. that is it from bloomberg markets: asia. daybreak middle east and africa is next. keep it here with us. this is bloomberg. ♪ o coming in.. big orders!s starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it...
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Apr 19, 2024
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the dollar, yen, swiss franc, gold and treasuries as well. we are seeing the yen move below the 154 level against the greenback. the swiss franc jumped against the u.s. dollar early in the session and this is worth noting because the swiss franc has been capped recently due to dollar strength. today's move indicates how the middle east tensions are perhaps a bigger mover compared to the fed that spirit >> classic haven play. tenure -- 10 year yields. the latest, u.s. officials confirming in the last few minutes that israel has struck targets in western iran after multiple reports from the iranian news agencies of explosions heard around the city of esfahan. what do we know at this stage, bill? bill: it is still the first hour here of these reports coming in. we have two u.s. officials confirming that israel launched a missile strike on western iran and we have seen multiple, unverified reports of explosions taking place around the region. there is some thought that these may be drones as well getting hit. we don't know. esfahan is a site wher
the dollar, yen, swiss franc, gold and treasuries as well. we are seeing the yen move below the 154 level against the greenback. the swiss franc jumped against the u.s. dollar early in the session and this is worth noting because the swiss franc has been capped recently due to dollar strength. today's move indicates how the middle east tensions are perhaps a bigger mover compared to the fed that spirit >> classic haven play. tenure -- 10 year yields. the latest, u.s. officials confirming...
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Apr 17, 2024
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last week during the treasury secretary's visit to beijing. we've also seen the german chancellor bring this up as he met with china's leader just this week. it's really that pushback in terms of xi jinping saying, actually exports particularly in the green space have actually helped drag down global inflation. you are seeing a lot of pushback from china on these efforts. haslinda: so what exactly did she shipping say about the benefits of chinese exports? he did say it was all due to demand. >> what he is saying is that we still have all of this developed infrastructure to push out the products that the world wants. he pointed to it in his meeting with the german chancellor specifically. things like solar panels, electric vehicles, how that has ultimately been beneficial for the world. it's all combining to show you that really china is prepared to be forceful about this pushback on claims over industrial overcapacity that the u.s. and europe are pushing right now. haslinda: thank you for that perspective. let's bring in the cio of dbs. he sa
last week during the treasury secretary's visit to beijing. we've also seen the german chancellor bring this up as he met with china's leader just this week. it's really that pushback in terms of xi jinping saying, actually exports particularly in the green space have actually helped drag down global inflation. you are seeing a lot of pushback from china on these efforts. haslinda: so what exactly did she shipping say about the benefits of chinese exports? he did say it was all due to demand....
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Apr 15, 2024
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selling pressure coming off of treasuries. not the flight to safety some had assumed over the weekend. 4.55 on the u.s. benchmark. when it comes to markets in the commodities space, sanctioning coming through from the u.s. and u.k. on parts of the russian metals market. aluminum in focus for us, as is nickel. prices higher on the back of that news. sanctions coming into place over the weekend and the reaction in markets this monday. aluminum up 4.4%, nickel gaining 3.7%, the consequences for the alameda on a reshipped commodities market on the back of sanctions around russia. let's go over to the asian session. go back to the geopolitics of iran and israel. and check in on how that is playing into the asian markets with vonnie quinn. what is standing out across the session so far? funny: -- the emperor but we are seeing throughout the session. at one point, the nikkei to 25 was pricing in gym political risk. it was risk off, down about one point 8%, the topix as well. this was in the early part of the session. but as you can s
selling pressure coming off of treasuries. not the flight to safety some had assumed over the weekend. 4.55 on the u.s. benchmark. when it comes to markets in the commodities space, sanctioning coming through from the u.s. and u.k. on parts of the russian metals market. aluminum in focus for us, as is nickel. prices higher on the back of that news. sanctions coming into place over the weekend and the reaction in markets this monday. aluminum up 4.4%, nickel gaining 3.7%, the consequences for...
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Apr 10, 2024
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treasuries dropped overnight, 10-year yield easing from the highest levels this year. china down, hsi and outperformer today above the 17,000 level. all sectors in the green. we are keeping watch on the kiwi , as the rbnz pushback on expectations for rate cuts despite lingering concerns about growth. markets pricing in nearly three rate cuts for the year. we're keeping an eye and the nikkei as well, under pressure. the governor avoiding sounding dovish on monetary policy. in traders on guard for possible currency intervention. investors are waiting the key u.s. inflation reading in the coming hours. >> inflation will be sticky. it will be absolutely sticky. we're going to get stuck at around 2.5%-3%. i think that warrants over the long-term the fed rethinking its inflation target. haslinda: the cftc says firms that use borrowed money to amplify returns increase short returns in the futures market for the first time in two months. we saw record size trade in short-term interest rate futures which appear consistent. let's bring in garfield reynolds , what prompted that r
treasuries dropped overnight, 10-year yield easing from the highest levels this year. china down, hsi and outperformer today above the 17,000 level. all sectors in the green. we are keeping watch on the kiwi , as the rbnz pushback on expectations for rate cuts despite lingering concerns about growth. markets pricing in nearly three rate cuts for the year. we're keeping an eye and the nikkei as well, under pressure. the governor avoiding sounding dovish on monetary policy. in traders on guard...
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Apr 22, 2024
04/24
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and we also have a lot of treasury issuance this week. the bond market will be extra volatile because it has to absorb a lot of issue wins on top of what the expectations are in terms of the pce data. haslinda: mark cranfield, thank you for your insights. the fed's preferred measure of inflation, the pc, the numbers are due -- the pce, the numbers are due this week. our next guest says bonds are attractive with hi carrie. let's bring in our guest as founder and cio of silverdale bond funds. where are you putting your money right now? sanjay: we still see a lot of -- in the 3-5. even with there are no further rate cuts, it gives a fantastic carrie and even if god for bid there are two hikes, it still gives you a positive return for the next three months. haslinda: what makes you think we have reached peak rates? sanjay: if you look in terms of the real interest rate, they are close to 2%. real interest rate at 2% is rarely sustainable. the other thing is the broad prospect of the economy itself. the economy is robust. if you look in terms
and we also have a lot of treasury issuance this week. the bond market will be extra volatile because it has to absorb a lot of issue wins on top of what the expectations are in terms of the pce data. haslinda: mark cranfield, thank you for your insights. the fed's preferred measure of inflation, the pc, the numbers are due -- the pce, the numbers are due this week. our next guest says bonds are attractive with hi carrie. let's bring in our guest as founder and cio of silverdale bond funds....
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Apr 17, 2024
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dip buyers emerging in the treasuries market. haidi: president biden works to win the votes of union workers, promising u.s. steel will stay american-owned and saying he may triple tariffs on chinese imports. annabelle: and investors are waiting tsm see earnings with capex outlooks to potentially extending a $340 billion stock surge. haidi: take a look at how we are setting up when it comes to the start of trading in this part of the world. we are one hour away from the start of trading in australia, japan and of course looking ahead to trading any chinese markets. given those threats of potentially more serious tariff implications from president biden. take a look at futures for sydney, upside about .3%. we are getting labor market data out a little later, expected to show employment falling in march. we had a big surge in february. we are expecting a 25,000 job decrease according to bloomberg economics. we are also getting bhp and santos reporting quarterly numbers as well. watching out for those when trading begins. kiwi stock
dip buyers emerging in the treasuries market. haidi: president biden works to win the votes of union workers, promising u.s. steel will stay american-owned and saying he may triple tariffs on chinese imports. annabelle: and investors are waiting tsm see earnings with capex outlooks to potentially extending a $340 billion stock surge. haidi: take a look at how we are setting up when it comes to the start of trading in this part of the world. we are one hour away from the start of trading in...