Lets check in on your markets and see how things are doing in terms of yields. You can see the u. S. 30 year yield coming down further. 1. 96 . Yield at. 98 . R i feel like i must be seeing something wrong because that would be insane. It is actually 1. 47. Im sorry, italy, thats what got me off track. I thought i was looking at u. S. Treasurys, that would be nuts, dropping 50 basis points in minutes. That is the italian 10 year coming in below 1 . With stocks opening down and turning higher after we had some positive trade comments out of china. Lets get first word news in new york. We begin in italy, where conte will get a mandate to form a new government after the former alliance collapsed in chaos. The new administration will include the fiveStar Movement and the democratic party. Those rivals have little in common other than a desire to avoid an election. Country isa, the looking to extend maturities on over 100 billion of debt. They want to delay repayments to the imf after a col
Suni, great to see you again, welcome back thanks, scott, great to be here where are we in this rally, as volatility has picked up. For sure. Concerns picked up but where rates are going. Yes how does it all play out . Honestly, i would call these growing pains, to quote our house view on the ceo side there are opportunities here there will be a little dip coming out of rates. I think well see higher rates from here, temporarily pushing the market down a little bit we still like the story, the trend is going to be up. The fundamentals are strong across the oard. Value stocks versus growth im not walking away from the super Growth Stocks that are driving change around the world. Feel pretty good about the rally continuing but as you say, volatility is up rates volatility is up, highest point 25 in the last two weeks alone. Are we, michael, on the cusp of the longawaited correction, as a result of rates maybe thats what everybody is worried about. The volatility weve seen in the last few
UBS Revamps Leadership of Asset Management Unit bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
UBS is
weighing plans to cut several hundred million dollars of costs
in its asset management division as the bank studies options for
a business whose profit is under pressure, people with.
By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) – UBS is weighing plans to cut several hundred million dollars of costs in its asset management division as the bank studies options for a business whose profit is under pressure, people with knowledge of the discussions told Reuters. The initial focus of the review will be…