Corporate bonds on track for the best returns in a decade, but how long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be go incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to think that will change in 2020. Taylor can we break out of the range set in 2019 . Joining us from new york are collin martin, peter tchir of academy securities, and in pa
Corporate bonds on track for the best returns in a decade, but surprising rebound. How long can the rally continue . Taylor the dallas fed president Robert Kaplan weighed in on the credit market, telling bloomberg we begin with the big issue, tv those tighter spreads might markets betting low rates are be cause for concern. Here to stay in 2020. B and bb credit spreads are it is hard to see the yield so tight. Bbb spreads are very tight. Break out from here. If i see the market is bond yields moving sideways. Distinguishing between lower quality credits and better trapped in this range. We cant generate any inflation right now. Credits, i think that is an it should eventually be a encouraging sign. My bigger worry is you have got good year for bronz bonds. Increasing pe, historically low still attractive but cap rates, tight credit spreads, certainly not breaking out. 1. 20 by the end of the year. And im just keeping a close eye if we get to 1. 2 on the 10 year, we are looking at a glo
6 00. Tonight, a family in morning after two People Killed in iat after a wrong weight driver plowed right into their pickup truck. You can choose a sin but you cannot just the consequence. The consequences that i lost both my parents. Theyre not coming back, this is it. The wrong weight driver survived and is tonight in the hospital. Investigators are trying to figure out exactly what happened. Ktvus andre senior talks to the sun and other that couple who was killed and he joins us now from pinole where the crash happened. Andre . Reporter the couple on their way home from the hospital visiting the child. They were here at interstate 80 and that is when they found themselves in the middle of a situation they had nothing to do with. At the time of the year when families come together, one has been torn apart. Not good. Not good at all. Reporter remembering her father better known as mike and her stepmother, 52yearold terrace. She was a giver, a loving person. Help people. Both of them.
Outperformance in credit. Corporate dons on track for the best returns in a decade, but how long can the rally continue . Begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Attractive but certainly not breaking out. 1. 20 by the end of the year. If we get attractive but certainly not breaking out. To 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be t going incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. Least resistance has been lower, and i see no reason to see that change in 2020. Taylor can we break out of the 2019 . Set in joining us from new york are collin martin, peter
Lets take a look. You can see what it looks like. It houses 200 beds and has a communal area and restrooms in between. There is an administrative building on the campus. It looks like a giant white tent or dome. It takes up a corner of a parking lot on beale and bryant street. It is owned by the port of San Francisco. The first residents will start moving in by the end of the month. This is about helping people not only off the streets but helping them into housing and helping them with opportunities to succeed in life. This is one of seven Navigation Centers in San Francisco. A few more on the way. The mayor says the goal is to have 1000 shelter beds in the city by the end of next year. Right now they are about halfway there. They say the goal of the shelters is to transition people out of homelessness. She and other city leaders faced stiff opposition from neighbors who have expressed concerns about crime and other concerns around the shelter like this. The group spent nearly a quart