Is the U.K. Bond Market Too Hot to Handle?
For a central bank that doesn’t target the exchange rate, the Bank of England is spending a lot of time talking about it. A 6 percent drop this month alone has forced Governor Mark Carney and fellow policy makers to acknowledge they may be looking at a much faster pickup in inflation than anticipated. State Street Global Head Macro Strategy Michael Metcalfe discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."
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Yale's Stephen Roach Says China Has a Debt Problem
29:55 - Yale University Senior Fellow Stephen Roach discusses S&P's downgrade of China's sovereign credit rating. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)