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
Speaker, dr. Christy pichichero. Dr. Pichichero, our good friend and neighbor, is an associate professor at george mason university. Her talk this evening is being held in conjunction with our current exhibition, revolutionary reflections french memories of the war for america, which is on view in our gallery immediately behind this fireplace and will be open after the talk this evening. Dr. Pichichero will be discussing war and the enlightenment in the context of french experiences during the American Revolution. Many french officers of this era, such as rochambeau, whose writings are featured in our show, consider themselves military philosophers who brought enlightenment and philosophical spirit to their military enterprises. Their experience is in america had a profound impact on their politics and worldviews when they returned to france after the war. These themes are at the center book, theheros military enlightenment war and culture in the french empire from louis xiv to napoleo
Territory. And dozens of bushfires burn a cross eastern australia forcing a Record Number of american morning. In sports sorry Bill Williams is the biggest deal in rugby history in new zealand has agreed to a 2 Year Contract with the Toronto Rugby League team worth close to 7000000. 00. Crowds in hong kong according for a citywide vigil over the death of a fellow protester students a gathering at a memorial for a child she logged who fell from a building during a demonstration on monday the 22 year old died in hospital on friday a millions of people have been protesting in hong kong since june demanding more democracy. Well hong kongs police in our responsibility but say theyll conduct a full investigation there are accusations that Police Officers chased after the man before his fall we must clarify so we must clarify that it is certainly for us. Lastly we are aware that some that distance call on others to stage protests tonight. And over the weekend there are also critical comments
Bushfires burned across eastern australia prompting a Record Number of emergency warnings. In support calls from a multiple olympic and World Champion for athletes the union or its is an effort to unify the best athletes from around the world sit out the boys we hear from triple jump legend Christian Tell you about this new initiative. Protests in hong kong are mourning the death of a student who fell from a building during a demonstration on monday 22 year old child she died of his injuries on friday where people have gathered for a vigil at the cop park where he fell students have been at the forefront of months of protests in hong kong there are fears childs death could spark more unbiassed sarah clarke has the latest from hong kong. The hospital confirms the students death on friday morning chachi luck suffered a brain injury after falling from a car park during a protest on monday but after 2 operations he died of a cardiac arrest was of course. The family wants to tell the media
The hong kong drama turns the page as u. S. Lawmakers vote to support the protesters and review the citys relation with china. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures under a little bit of pressure after we saw u. S. Stocks really rally throughout the session and major indices gaining about 1 . The s p 500 at one point topping 3000. Health care in financial stocks leading the gains. Johnson johnson, unitedhealth and jp morgan reporting solid results. We also have the nasdaq closed 1. 25 higher. All of this as 10 year yields gaining for the fifth consecutive session despite the fact the imf came out and cut the Global Growth forecast for this year for a fifth time. Let see how things are shaping up in asia. Sophie it is the bank of koreas turn in the hot seat today with a 25 basis point cut expected and the politically key jobless rate due as moon jaein attempts to create employment. Futures adding about 6 10 of a percent. Cindy futures