Lows. 1. 30 . You can keep going. You could still get another 25 basis points. In the nearterm heading toward 1. 5 . 1 on 10 year treasury rate is not impossible. Potentially all the way to zero. There is no lower bound. If the economy is weak, and the leading indicators point to that at this point. We and the rest of the world will own long government bonds. Lisa joining me around the table in new york, kevin giddis, ed alhussainy, and Scott Kimball. Agree that there is no lower bound . Let the basement be the ceiling or whatever it is . Seriously, the data, in terms of inflation and growth, point in that direction. There will be a limit in terms of how crowded the position will get. I think we are getting to that stage. Basis point or so, most are quite longduration. There will be a limit in terms of how low they can go. Negativenation around nominal yields in the u. S. Is premature. You would have to give up on the fact that the u. S. Economy has not found its way to recession yet.
Lows. 1. 30 . You can keep going. Detail is much, much lower than this. You could still get another 25 basis points. In the nearterm heading toward 1. 5 . 1 on 10 year treasury rate is not impossible. Potentially all the way to zero. There is no lower bound. Especially if we end up in a recession scenario. The economy is weak, and the leading indicators point to that at this point. We and the rest of the world will own long government bonds. Lisa unambiguous, bond bears are dead. Joining me around the table in new york, kevin giddis, ed alhussainy, and Scott Kimball. Ed, do you agree that there is no lower bound . Let the basement be the ceiling or whatever it is . Seriously, the data, in terms of inflation and growth, point in that direction. There will be a limit in terms of how crowded the position will get. I think we are getting to that stage. The next 25 basis point or so, most are quite longduration. There will be a limit in terms of how low they can go. The conversation around
Down to test new lows. One in 3 8 percent. It is much lower than this. You could still get another 25 basis points. Adding to 1. 25 . 1 on tenyear treasury is not impossible. Potentially all the way down to zero. That downside economic scenario if the economy is weak and the leading indicators do point to that scenario. We and the rest of the world are going to own long government bonds. Bond bears are dead. Joining me are kevin of Raymond James and Scott Kimball of the mo. Lets start with you, do you agree that there is no lower bound, let the basement be the ceiling . I think seriously the data and in terms of creation we are going in that direction. There is going to be a limit in terms of how crowded it will get. I think we are getting to that stage in the next 25 basis points or so. Limit and howa terms of how low they can go. The conversation around negative nominal yields in the u. S. Up on would have to give the fact that the u. S. Economy has not found its way to a recession y
You can keep going. Detail is much, much lower than this. You could still get another 25 basis points. In the nearterm heading toward 1. 5 . 1 on 10 year treasury rate is not impossible. Potentially all the way to zero. There is no lower bound. Especially if we end up in a recession scenario. The economy is weak, and the leading indicators point to that at this point. We and the rest of the world will own long government bonds. Lisa unambiguous, bond bears are dead. Joining me around the table in new york, kevin giddis, ed alhussainy, and Scott Kimball. Ed, do you agree that there is no lower bound . Let the basement be the ceiling or whatever it is . Seriously, the data, in terms of inflation and growth, point in that direction. There will be a limit in terms of how crowded the position will get. I think we are getting to that stage. The next 25 basis point or so, most are quite longduration. There will be a limit in terms of how low they can go. The conversation around negative nomin
Pressures. This is a goldilocks report. Goldilocks job report. We are threading the needle. Businesses have not lost confidence. Chairman powells famous words, he is not sure if it is debt or fake but it is resting. People said, watch the phillips curve. We will be talking about that every month. It will not happen. Very little risk of Wage Inflation. Huge growth when you look at education, leisure. That shift is a big deal because that means less inflation, more stable inflation. All of that points to the fact that things are looking good for the u. S. Labor market at the moment. Jonathan continuing the conversation, we have robert mcteer. Scott kim vaughan joins us from bmo. Krishna mamani and he joins us from oppenheimer funds. Do you agree with all of that, is this a goldilocks job report . Krishna absolutely, its been a goldilocks environment for quite a bit. The driver of that is relatively straightforward. Lack of inflation. As long as we have no inflation, whether Wage Inflatio