They are maintaining well above it. 30 years were at 69 basis points last week. 137. Hey are at we are seeing some recovery perhaps in the treasury market, and that is good news. Alix but a lot of criticism has been the fact they didnt address the commercial papers market, exactly where the help is needed the most. What are the steps they can take to address that . Michael they could set up a special Lending Facility to buy directly. That may be coming. Jay powell was asked if there ree actions th coming, and he said we are not ready to announce that. Are there no swap lines for the pboc . Theres a story floating around that once the feds its arthur dollars why have got swap lines with all the Central Banks, but not the chinese . Michael i would suspect probably because the chinese yuan is pegged to the u. S. Dollar. Dont know how much of a dollar problem they have. Theres always a rumor that the chinese are going to sell treasuries that never really comes true. Where we do see problem
Coronavirus cases climb, worries as the number of u. S. Cases increases without links to and outbreak. Joins apple and hp in scrapping its outlook on the virus. Standard chartereds cfo tells bloomberg it is too soon to say how bad it will be. Quit, factors will probably come through in march and beyond. The uncertainty at the moment is which markets is in which markets it will affect things. Matt europe on other. Matteo salvini tells bloomberg the Prime Minister is underestimating the threat. We are live in rome as Giuseppe Conte meets Frances Emmanuel macron today. We take a look at futures. They are a little worse in the is. Compared to well, no, stand corrected. They have dropped much more now in europe. Its rare you see a move in this order. Percent. Res down 1. 7 u. S. Futures have recovered a bit. They are down less than 1 across the three major indexes, although just slightly in terms of the nasdaq, down almost 1 . And more risk off news anna, do you see more risk off news on th
The fed may get pulled back in. Massive escalation and geopolitical tensions. Inflation has to majorly overshoot their level. They have left the door open. They do not want to be the reason the markets fall off, but they do not want to be the reason they are going off. Theyre probably going to stay off the spotlight. , greg peters,a joining us from london, andy. Your thoughts on that the threshold to bring the fed back to the table in 2020 . If we put to one side what happened overnight, it is much more complex. The reaction from iran will be important. I do not think the fed will come back to the table anytime soon. I think the same can be said for the Central Banks in the g7. I think we are in a very benign. , absent any further escalation in the geopolitical. If you look at the pricing, though it is jonathan lets bring the conversation around the table here in new york diana, is that your take as well. Airor the first half of the we are likely to see the fed remain on hold. He could
2020. People want the year to be over. They are looking forward to next year. We are just not there yet. There are significant risks on the horizon. There are still some scabs, wounds here. December 15 is looming. I dont know if there will be a trade deal. We dont know how many more phases we could get. Anything could go wrong at this point. We dont want to end the year on a mediocre note. We need to see the data come through in order to pop the champagne and call the all clear. Jonathan the year is not over yet. Joining me around the table, oksana aronov, george rusnak, and greg peters. Greg, lets begin with you. A real yearend feel to so many discussions weve been having. How do you have a 2020 call before 2019 is even over . Greg people want to look forward just to look forward. There is such a focus on seasonality. Like the calendar really matters. I dont think so. I dont know why there is such a focus, everything is pulled forward. It is like having christmas commercials before ha
2020. 2020. We are pretty constructive on 2020. People want the year to be over. We are just not there yet. There are still some scabs, wounds here. December 15 is looming. I dont know if there will be a trade deal. That could create dislocation in the market. We dont know how many more phases we could get. Anything could go wrong at this point. We dont want to end the year on a mediocre note. We need to see the data come through in order to pop the champagne and call the all clear. Jonathan the year is not over yet. Joining me around the table, oksana aronov, george rusnak, and greg peters. Greg, lets begin with you. A real year end field to so feel to many discussions weve been having at the moment. How do you have a 2020 call before 2019 is even over . Greg people want to look forward just to look forward. There is such a focus on seasonality. Like the calendar really matters the end of the day . I dont think so. I dont know why there is such a focus, everything is pulled forward. I