Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Summary: In today's fixed income focused podcast we aim to answer the crucial question of how much higher bond yields can go given the latest move higher in the US 10-year yield putting pressure on equities. If energy prices remain bullish and economic data continues to look solid then the US 10-year yield could reach the 5-5.25%. In the case of weakening economic data and lower inflation the narrative in bonds could quickly turn on its head. We also talk about timing and bond carry to understand the dynamics of investing in bonds. Finally, we provide some example of credit bonds for those investors seeking high bond yields with short maturity and high credit quality, with Peter Garnry and Althea Spinozzi.
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Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
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