Jim Millstein on U.S Budget, Debt Ceiling Outlook

Oct. 17 (Bloomberg) -- Jim Millstein, chairman and chief executive officer of Millstein & Co. and former chief restructuring officer at the U.S. Treasury, talks about the outlook for U.S. budget negotiations and fiscal strategy. Millstein speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

Searching the Bond Market For Clues on Rates
57:10 - Sovereign bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to a one-year low in the rush to refuge from a worldwide stock rout. Traders pared the odds the Federal Reserve will raise interest rates this year to 30 percent, before Chair Janet Yellen begins her two-day testimony to Congress on Wednesday. BNP Paribas Senior Investment Strategist Daniel Morris. joined “On the Move” host Jonathan Ferro to discuss.
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