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."
Most Recent Videos
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)