Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I really think it is important to note that even as yields move up,
Commissioners paskinjordan and stansbury one up here today can we do please take roll call cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you. Clerkfirst i want to thank the public for allowing us a few more minutes. Your time is important and i want to recognize that. Thank you for being flexible and honoring our request. I would like to go to item number four mdm. Clerk and you call that for me . Item 4 general public on ive
Cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you. Clerkfirst i want to thank the public for allowing us a few more minutes. Your time is important and i want to recognize that. Thank you for being flexible and honoring our request. I would like to go to item number four mdm. Clerk and you call that for me . Item 4 general public on ive one public card. If theres anyone us dont like to speak these, not or one or i pool not to
Cohen president of the retirement board this of the regular scheduled full board meeting. The purpose of the board [inaudible] please join me and rising raising your right hand over your heart and saying the budget of allegiance. [pleage of allegiance] thank you. Clerk any announcement . Commissioners paskinjordan and stansbury one up here today can we do please take roll call cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you.
And stansbury one up here today can we do please take roll call cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you. Clerkfirst i want to thank the public for allowing us a few more minutes. Your time is important and i want to recognize that. Thank you for being flexible and honoring our request. I would like to go to item number four mdm. Clerk and you call that for me . Item 4 general public on ive one public card. If theres