Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Selling treasuries but more about inflation showing up in the u. S. , the risk that keeps most Market Participants awake at night. The treasury market, it is more important what the actions are coming out of europe and japan. The fed unwinding its balance sheet, we have seen from the boj, they are making extrapolate,h we slow purchases as well. It is poised to stop many polluting the most important price in the world, the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past 4, 5 years. That appears to be close to an end. Market is not dead, it is just dealing in a bearish trend that a lot of people in the market have not seen before. , we have put in a structure secular low in yields, 130, 140 on the 10year. To say we are in a bond bear market is still premature. Jonathan joining me is matthew , andach, priya misra michael buchanan. Were you shaking this week . I dont think so. There were a couple of stories or under this week that said yields higher. Obvious
About inflation showing up in the u. S. , the risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, what we have seen from the boj, they are making changes, which we extrapolate, slow purchases as well. Is poised to take its foam of the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past 45 years. That appears to be close to an end. The bond market is not dead, it is just dealing in a bearish trend that a lot of people in the market have not seen before. They have to learn how to do it. We have put in a structure, secular low in yields, 130, 140 on the 10year. To say we are in a bond bear market is still premature. Jonathan joining me is Matthew Hornbach, priya misra, and michael buchanan. The bond bull, were you sh
Potentially selling treasuries but more about inflation showing up in the u. S. , the risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, we have seen from the boj that they are making changes, which we extrapolate, slow purchases as well. The fed is poised to take its off the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past four to five years that appears to be close to an end. The bond market is not dead, it is just dealing in a bearish trend that a lot of people in the market havent seen before. They have to learn how to do it. We have put in a structure, secular low in yields, 130, 140 on the 10year. But i think to say we are in a bond bear market is still premature. Jonathan joining me is Matthew Hornbach,
The risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, we have seen from the boj that they are making changes, which we extrapolate, slow purchases as well. The fed is poised to take its thumb off the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past four to five years that appears to be close to an end. The bond market is not dead, it is just dealing in a bearish trend that a lot of people in the market havent seen before. They have to learn how to do it. We have put in a structure, secular low in yields, 130, 140 on the 10year. But i think to say we are in a bond bear market is still premature. Jonathan joining me is Matthew Hornbach, priya misra, and michael buchanan. The bond bull, were you shaking this wee