Thrilled you are with us, the simulcast, Bloomberg Radio coasttocoast, and good morning on bloomberg television. The new york city Christmas Tree lighting tonight at rockefeller center. All of the worry we have talked about of this pandemic, death set a record level in the United States come breaking the april 29 level as well. Jon, the markets speak. Moments ago, euro out to new recent record strength. Jonathan a record high in the equity market, the unwelcome record of the pandemic. 1. 21 53 on eurodollar. Once again, it is broadbased dollar weakness. You just wonder how uncovered it will this will make the ecb and how comfortable the move in eurochina will actually keep them. I think that is key, what happens broadbased for euro against other currencies. The im looking at bloomberg terminal here. You can see that on Bloomberg Radio right now. Renminbi comes down as well, with an abrupt move. At all correlates together, and then theres this zombie, the gloom of the bond market. How d
That is the elephant in the room for us, what are they going to be tomorrow . It is concerning, but from a credit perspective you have an opaque business model. You dont have a lot of disclosure to the markets and that makes it tough for us. This is a dynamic you see across the market, still after we are well into a fed hiking cycle, the borrowing costs are still near the lowest they have ever been. It remains a good time for corporations to borrow money. There is an ongoing demand for yield. You think about it, the fed has gone through a process of slowing downward shoot adjustment. Its happening at a glacial pace. There is an extraordinary demand. All of the companies have taken advantage of huge demand so they are issuing long bond at tight spreads. So, the Corporate Market has extended quite a bit. Central banks around the world have brought 60 trillion worth of assets. Private investors have to buy something and go somewhere. Jonathan joining us, lets talk about the 40 year securi
That is the elephant in the room for us, what are they going to be tomorrow . It is concerning, but from a credit perspective you have an opaque business model. You dont have a lot of disclosure to the markets and that makes it tough for us. This is a dynamic you see across the market, still after we are well into a fed hiking cycle, the borrowing costs are still near the lowest they have ever been. It remains a good time for corporations to borrow money. There is an ongoing demand for yield. You think about it, the fed has gone through a process of slowing downward shoot adjustment. Its happening at a glacial pace. There is an extraordinary demand. All of the companies have taken advantage of huge demand so they are issuing long bond at tight spreads. So, the Corporate Market has extended quite a bit. Central banks around the world have brought 60 trillion worth of assets. Private investors have to buy something and go somewhere. Jonathan joining us, lets talk about the 40 year securi
That is the elephant in the room for us, what are they going to be tomorrow . It is concerning, but from a credit perspective you have an opaque business model. You dont have a lot of disclosure to the markets and that makes it tough for us. This is a dynamic you see across the market, still after we are well into a fed hiking cycle, the borrowing costs are still near the lowest they have ever been. It remains a good time for corporations to borrow money. There is an ongoing demand for yield. You think about it, the fed has gone through a process of slowing downward shoot adjustment. Its happening at a glacial pace. There is an extraordinary demand. All of the companies have taken advantage of huge demand so they are issuing long bond at tight spreads. So, the Corporate Market has extended quite a bit. Central banks around the world have brought 60 trillion worth of assets. Private investors have to buy something and go somewhere. Jonathan joining us, lets talk about the 40 year securi