Are Investors 'Starved of Yield'?
Negative yields. Political risk. The Fed. Now add the U.S. deficit to the list of worries to keep beleaguered bond investors up at night. Since peaking at $1.4 trillion in 2009, the budget deficit has plunged amid government spending cuts and a rebound in tax receipts. But now, America’sborrowing needs are rising once again as a lackluster economy slows revenue growth to a six-year low, data compiled by FTN Financial show. That in turn will pressure the U.S. to sell more Treasuries to bridge the funding gap. UBS Head of EMEA Corporate Debt Isabelle Toledano-Koutsouris discusses with Bloomberg's Francine Lacqua on "The Pulse."
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Bloomberg Markets: Balance of Power 9/18/2017
05:30 - Guests include: Organization for Economic Cooperation and Development Secretary General Angel Gurria, Congressman John Delaney, a Democrat from Maryland (Source: Bloomberg)