Mutual Funds, ETFs at Risk of a Run: David Stockman

Former OMB Director David Stockman discusses bank balance sheets and warns of a run on mutual funds and ETFs. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)

Why Equity Gains May be a Threat for U.S. Bonds
56:49 - At an auction of benchmark 10-year Treasuries on Wednesday, global investors sent a clear message to the $13.4 trillion market: They’re still interested. Even as the $23 billion offering drew a yield of 1.503 percent, the lowest in four years for the maturity, demand from a group of buyers that includes foreign central banks and mutual funds was near record levels. Buyers were also keen on Tuesday’s three-year note sale, which drew the strongest demand of 2016. Treasuries extended gains after the 10-year auction, joining a rally in lobal bonds. Societe Generale Head of Fixed Income and Foreign Exchange Strategy Vincent Chaigneau discusses with Bloomberg's Manus Cranny on "Countdown."
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