The Wait for the Fed: Are Bond Markets Fed Up?

Treasury two-year notes are the cheapest relative to 30-year bonds since the start of 2008 as hawkish comments from Federal Reserve officials spur speculation they will increase interest rates this year. The yield on the shorter-maturity debt, which is more sensitive to the outlook for monetary policy than that on longer-dated securities, closed Wednesday at the highest in two months. The odds the Fed will raise its benchmark this year have risen to 54 percent, from 47 percent a week ago, after Vice Chairman Stanley Fischer joined the presidents of the New York and San Francisco branches in signaling a move in 2016 was still under consideration. Pictet Asset Management Chief Strategist Luca Paolini discusses with Bloomberg's Francine Lacqua on "The Pulse."

Yale's Stephen Roach Says China Has a Debt Problem
31:06 - Yale University Senior Fellow Stephen Roach discusses S&P's downgrade of China's sovereign credit rating. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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