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How long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Rates will probably drift lower. Bond yields moving sideways. We cant generate any inflation right now. It should eventually be a good year for bonds. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be going incredibly wrong to get to 1 . I think we are going lower. The u. S. Economy could go into recession. Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to think that will change in 2020. Taylor can we break out of the range set in 2019 ....
The best returns in a decade, but how long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be going incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to see that change in 2020. Taylor can we break out of the range set in 2019 . Joining us from new york are collin martin, peter tchir of academy securities, and in pasadena, john bellows. I want to g ....
Corporate bonds on track for the best returns in a decade, but how long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be go incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to think that will change in 2020. Taylor can we break out of the range set in 2019 . Joining us from new york are collin martin, peter tchir of academy securities, and in pa ....
Corporate bonds on track for the best returns in a decade, but surprising rebound. How long can the rally continue . Taylor the dallas fed president Robert Kaplan weighed in on the credit market, telling bloomberg we begin with the big issue, tv those tighter spreads might markets betting low rates are be cause for concern. Here to stay in 2020. B and bb credit spreads are it is hard to see the yield so tight. Bbb spreads are very tight. Break out from here. If i see the market is bond yields moving sideways. Distinguishing between lower quality credits and better trapped in this range. We cant generate any inflation right now. Credits, i think that is an it should eventually be a encouraging sign. My bigger worry is you have got good year for bronz bonds. Increasing pe, historically low still attractive but cap rates, tight credit spreads, certainly not breaking out. 1. 20 by the end of the year. And im just keeping a close eye if ....
Numbers. Consumers are showing up and helping. The markets are counting on the fed cutting. Yelena the fed told us they want to see the whites of the eyes and chair powell said it is too premature. I think of the economy will hold up just fine, that is what we see in the data you just mentioned. Consumer spending is showing us it is ok. Then we are seeing the fed will remain on hold. Having said that, i think it will be markets that will determine what happens next. We do expect a couple of cuts at the december meeting. We will have to wait to see that. Marketsket david are waiting with bated breath. Lets go down to miami with tyler. We have had round two of the first debate. What is the update on what happened last night and wednesday as well . That the takeaway is Kamala Harris had a breakout moment, finding her voice in her criticism of former Vice President joe biden, atta ....