Ken i think treasuries have run as far as they are going to run at this point. If we see improvement in growth, we are looking for improvement in growth in europe, and the message will be that the market will adjust. Are we going to go dramatically higher . No. But i think we are at the low end. Jonathan it is like chinese water torture, drip, drip, drip. Ok data from the u. S. Chinese data doing ok. That chinese data to close out the week was really terrific compared to what we had 12 months ago. Here we are, yields are up by a basis point. Does that make sense . Ken i would argue it should have moved more, but there is this tremendous damper on the system that is the fed. That is what you are seeing. Greg their version of qe is still supporting with 20 billion euros on one end. It seems like the market consensus is the fed is out for 2020. That leaves you with the 10year at 1. 80. Breakeven is 1. 75. I dont see anything breaking us out of here. Jonathan we have to talk about the trea
That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw on it to convince the market it is not. I think the market call i
That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw on it to convince the market it is not. I think the market call i
Be hard to fight. That is putting the fed and a bit of a bind. It creates the risk of a policy mistake. If the data does not get worse. You it creates the risk of a policy mistake. Could have an economy where the second half is bouncing back. The fed is actually going to is actually going to surprise to the downside on the Balance Sheet. Is the market going to see that as the end of qe, quantitative tightening . Cuthe fed playbook is to tight and fast and signal if there is weakness. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Your thoughts on that, can . Is it or isnt it qe . Mr. Kashkari is tried to throw water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw to convince the market it is not. I think the market call is correct on this. Jonathan why . I get his point, they are substituting one instrument for another. Could have an economy the way the market is looking at this, this is providing more
Can make for them. Reassuring words and zika making an appearance in the bay area. And the latest developments in lochtegate. We begin at 11 00 with a warning from usf police. At least three times in one night a man exposed himself on last seen running neighborhood through the Richard Beard parking garage. Any sign of him tonight or are they still looking for him, crystal . Still looking for him tonight. Some students spottedim on the fifth floor of the parking garage because they didnt wait atrowndaround to find out why ty was neighborhood. They ran and called 911 only the same shocking look at othert exactly the welcome this student was expecting her first day on campus. I was doing someones hair and i was like what . She and other students got an alert from the university of south floridaarng there is a flashing on the lose. I was like okay, thiss the irdest think ever. Weird to some and to others . Downrightsting. U. S. F. Police were after a complaint of a man exposing himself. Of