Why HSBC's Major Isn't Forecasting a Rate Change Soon
Government debt is surging around the world as investors scale back forecasts for the Federal Reserve to raise interest rates in the U.S., with inflation falling short of its target. Central banks in Europe and Japan are using negative rates to battle deflation. The average yield on the bonds in Bank of America Corp.’s Global Broad Market Index slid to an all-time low of 1.27 percent last week. HSBC Global Head of Fixed Income Research Steven Major discusses with "On the Move" host Guy Johnson.
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How Bannon's Ouster May Impact Trump's Agenda
26:20 - Stephen Bannon will leave his role as chief strategist to President Donald Trump, with today being his last day in the White House. Bloomberg's Sahil Kapur and Craig Gordon examine what’s next for the Trump Administration on "Bloomberg Markets: The Trump Economy." (Source: Bloomberg)