You will see will go from 3 to 5 by the end of this year. It is literally unprecedented. If you correlate deficits, government borrowing, Interest Rates, there is a zero correlation with it. But now i think rates are going up because of the fear that inflation will return and that the central bank will have to exit a lot faster than people think. It is a point to understand what is going on, it is not really the deficit, it is growth with inflation and reflation attached. We know the treasury had more to issue. Also to finance the unwind of the feds balance sheet. Some of this is International Investors stepping up from the markets and returning from where they came from. The yields overseas are starting to grind higher. The hedge and causes were some of the challenges will be. If you look at some of the differences such as hedging being and get a european investor, you cant get a real yield pickup getting into the tenure on a relative basis. Once you factor those hedging costs in. Ful
Government borrowing, Interest Rates, there is a zero correlation with it. But now i think rates are going up because of the fear that inflation will return and that the central bank will have to exit a lot faster than people think. It is a point to understand what is going on, it is not really the deficit, it is growth with inflation and reflation attached. We know the treasury had more to issue. Also to finance the unwind of the feds balance sheet. Some of this is International Investors stepping up from the markets and returning from where they came from. The yields overseas are starting to grind higher. The hedge and causes were some of the challenges will be. If you look at some of the differences such as hedging being and get a european investor, you cant get a real yield pickup getting into the tenure on a relative basis. Once you factor those hedging costs in. Full house in new york city today, joining me is matt hornback, kathy jones and mike. Matt, it went well. 258 billion.
It is literally unprecedented. If you correlate deficits, government borrowing, Interest Rates, there is a zero correlation with it. But now i think rates are going up because of the fear that inflation will return and that to central bank will have exit a lot faster than people think. It is a point to understand what is going on, it is not really the deficit, it is growth with inflation and reflation attached. We know the treasury had more to issue. To finance the unwind of the feds balance sheet. Some of this is International Investors stepping up from the markets and returning from where they came from. The hedge and causes were some of the challenges will be. If you look at some of the differences such as hedging being and get a european investor, you cant get a real yield pickup getting into the tenure on a relative basis. Full house in new york city today, joining me is met one back. Kathy jonesback, and mike. Matt, it went well. Matt we knew about the supply from a year ago. Mar
The end of this year, is completely unprecedented. For 30 years, the theory hasnt worked. Borrowing, Interest Rates, there is a zero correlation with it. Right now, rates are going up because of the fear inflation bankreturn and the central will have to exit a lot faster than people think. I agree it is not the deficit, it is growth with reflation attack. Attached. Treasury has more to finance a wider deficit, but also to the unwind of the balance sheet. Investors this is returning back where they came from. The yields overseas are grinding higher, but the hedging cost is where the challenges have been. If you look at the differences between hedging as a European Investor coming into the human at ash u. S. Markets, it is no longer a track to. Once you factor the hedging costs in. Joining me around the table, jones and back, kathy mike. Matt, it went well. 258 billion and the world is still rotating. Fancy that, we knew about the supply from a year ago. Here it is, the treasury market d
State victories and macrons swearingin. Oil up on news of more Production Cuts and an Empire Manufacturing the first negative read since the election. Our road map begins with a cyber warning after hackers attack 1 50 countries over the weekend. Microsoft said it should serve as a wakeup call to governments around the world. And theres an agreement on the extension of the Oil Production cuts. The white house is hopefully to quickly pick the next fbi director. Will democrats make that possible . First up this morning, asian governments and businesses reporting some disruptions from this Wannacry Ransomware worm this morning. Its locked up hundreds of thousands of computers in more than 150 countries since friday. Security experts warning of further disruptions as more systems come online today. We have examples of schools for instance in south korea warning their students not to fire up their computers today for fear this could get a new leg as people turn things on. Whats amazing about