It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned yet by the euro is it s an aan end is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the program. Here is what jumps out t
It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why they are not too concerned about the euro is it seems to be an exogenous appreciation, it is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing or preannouncing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income. Also eric stein from eaton vance, and trey parker at Portfolio Manager at highland capital management. Gents, great to have you on
It is hard to talk down your currency when your fundamentals are improving. The currency has found a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned by the euro is it seems to be the result of a good demand sharp, not an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. I dont know if you change monetary policy. I dont know if it would affect it much. I dont know if the euro is now affecting the changing growth rates now established by the euro. Theyre not announcing some sort of tapering the decision ahead of the governing council. He really did not have a lot of leverage with his words. Jonathan joining me is robert tipp, chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Great to have you on the program. Heres the thing that jumped out at
As the economy continues to outperform. It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why are not too concerned yet by the euro is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects it much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the progra
A real yield hogs, we consider the frenzy over the loan market. With a big issue carried Interest Rate risk in the bond market. During the summer, it was almost as if Bond Investors were making another run at treasuries. They wanted to get the 10 year below 2 more more time and it is built on the base of market is never going to grow again, we will not see any fiscal policy, it and they had it completely wrong. The fed is moving towards regaining credibility so investors are, we know what their plan is, we can make investments based on this and you will see people react in. The fed has clearly said this is what we want to do. We want to reload their cannons. Sheett to get the balance down and normalize the frontend of the curve. You see the betting odds on the december hike changed dramatically. Views low inflation as a way to continue with gradual pace. The market thinks fed shouldnt touch rates unless we are at 2 inflation. I believe janet yellen, that the u. S. Economy is time, itni