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BLOOMBERG Bloomberg Real Yield July 13, 2024

Probably not. Numbers are going to be weak through the balance of the year. You are starting to see some signs of bottoming out. If we continue to see pmis decline maybe there is some , downside there. The data will continue to decelerate into the third quarter. Maybe we get some positive news out of brexit. Maybe that leads to a shortterm pop in yields. There is no way this thing is magically over. We should see growth improving by the Fourth Quarter of next year. This could be the bottom, so it may get better from here. Jonathan joining me around the table, colin robertson, kathy jones, and jim keenan. Kathy, lets begin with you. Have we seen the worst of it . Kathy it looks like maybe the worst is over, but does not look like it gets a whole lot better. We are cheering the fact it is not continuing to decline at a fairly rapid rate, and maybe we have seen the worst of it. Particularly, if we get a trade deal, we get a read the fed, from the easing from china, and other Central Banks

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