I certainly think they have a right to be a bit cautious or unnerved at this point. It certainly seems the bias for rates is upward. The bond market has been in a 30year bull trend. That has bailed out a lot of bond investors. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 sort of range. We are in an environment where you will definitely see those bond yields head back towards to 2. 6 or 2. 7 level. But i am very pessimistic about the probability we can get higher than that. It is just a question of pace and path. How fast is that going to happen . We dont think it is going to happen extremely fast. The path is higher. I do not think it will be overly destructive in that sense. Jonathan joining the around the table is Kathleen Gaffney, Joern Wasmund, and Jack Flaherty. Great to have you with us around the table. Lets talk about the backup in treasury yields. The tweet from
Right to be a bit cautious or unnerved at this point. It certainly seems the bias for rates is upward. The bond market has been in a 30year bull trend. That has bailed out a lot of bond investors. Yields keep going down and returns are good. Hate to argue with him, but i think he is maybe too pessimistic about where bonds are. We will be in a 2. 4 to 2. 7 sort of range. We are in an environment where you will definitely see those bond yields head back towards to 2. 6 or 2. 7 level. But i am very pessimistic about the probability we can get higher than that. It is just a question of pace and path. How fast is that going to happen . We dont think it is going to happen extremely fast. The path is higher. I do not think it will be overly destructive in that sense. Jonathan joining the around the table is Kathleen Gaffney, Joern Wasmund, and jack flaherty. Great to have you with us around the table. Lets talk about the backup in treasury yields. The tweet from the legendary double lines jef
The 14 ton bell in the tower of the houses of Parliament Must stop ringing to ensure the safety of workers. Minutes. Himes every 15 it has wrung out largely uninterrupted for 157 years. News 24 hours a day powered by more than 2700 and. Nalyst in over 120 countries im mark crumpton, this is bloomberg. Live from bloomberg headquarters in new york, im julie hyman. Scarlet im scarlet fu. Joe im joe weisenthal. Any minutes from close of trading in the u. S. Julie shrugging off last weeks volatility. Joe the question is, whatd you miss . China hits a bit of a speed bump. Plus, Business Executives from tim cook to others react to the violence in charlottesville, virginia. Thisatest from the fallout weekend. Investors position themselves for the unthinkable. A default by the u. S. Government. President trumps unpredictability has the market preparing in case there is a debt limit impasse. Julie whatd you miss . President trump signed an executive memorandum that authorizes u. S. Trade represe
U. S. Trading day so lets head back to new york where matt miller has been tracking the moves and a record high for the s p. We were so close that it had to happen. Too the close, we are going see a new record for the s p for the first time in 286 days. This is the longest stretch we have gone in a bull market since 1961. Was 2130. 8. O beat not too difficult. The dow jones up 111 points. Youve got the certainty of theresa may as a new Prime Minister after David Cameron said she would start on wednesday. We have the japanese losing Monetary Policy further. We haveve got the job on friday, all pushing up stocks. Look at the Airline Stocks. Here is the s p. To show you the Airline Stock because a bunch of the Asian Airlines came in and ordered more single aisle jets. That is pushing up to sting boeing as well as all of the European Airline manufacturers. American airlines rising as well as ualr. The utility stocks right now, they are coming back a little bit that we do see utility stocks
Early on in the day. Dowver, not enough for the and the s p to reach new records here. Investors are going through earnings news once again, a lot of corporate news, and they are weighing against valuations for the s p 500. Take a look at bloomberg here. 22. 08. S p has gained more this year, so there are some about the possibility of companies in the u. S. , being enough to sustain those valuations. That is something investors will be waiting on a macro basis as we go through this earnings season. One of the top corporate stories today does not have to do with earnings it has to do with m a. We are watching verizon and yahoo on this news that vonnie and david mentioned that verizon and yahoo are in oneonone talks, a 5 billion acquisition. It is not clear if they will indeed get them, but it looks like it could, and it could happen early next week. At t also announced earnings today, trailing analysts estimates, but the shares are moving higher. Perhaps not the winning bidder. Mobile s