Debate Over Timing of First Rate Cut | Bloomberg Real Yield 07/26/2024

Sonali Basak highlights the market-moving news you need to know. Today's Guests: Columbia Threadneedle Global Rates Strategist Ed Al-Hussainy, Wells Fargo Macro Strategist Erik Nelson, Barings High-Yield Portfolio Manager Kelly Burton, TCW Fixed Income CIO Bryan Whalen

00:00 Real Yield
03:13 Columbia Threadneedle's Ed Al-Hussainy, Wells Fargo's Erik Nelson
13:29 Barings' Kelly Burton, TCW's Bryan Whalen
21:31 Week Ahead
--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[nakerinzhkheranite]

I started developing an interest in binary trading over the weekend. I found your video's and can't stop watching ever since. I'm currently living in Reunion Island, but I'm originally from South Africa. I am currently studying your strategies and practicing it on my demo trading account. Thank you very much for sharing such valuable information. You have no idea how much you are contributing to my life. Once again thank you very much. I hope we could have a chat sometime.

[stevenheaver]

Love the show and the focus on bonds. Thanks Sonali 👍

[noremacmada]

This comment is opinion and is meant for entertainment purpose only.
5:22 - Questioning expectations
5:32 to 6:54 - Watch this whole interview. Never directly answers the question, but talks so slick. Not sure why they are talking about both curve steepening and adding duration, seems inconsistent to me.
7:32 - I wonder how much recent political events have impacted these expectations
7:57 - Theory: Scenario weightings
14:44 to 16:26 - Watch this whole interview. I thought it was good. I would describe it as "Risk On" as it sounds to me like she, boldly, I think, was using junk to trade rates risk, but, now, assuming only 1-2 cuts, still gets to collect significant credit spread in a soft landing scenario. Also, can someone get this lady an office with better lighting? In winter time, on a clear day, she'll likely be backlighted. I know you can see Grandfather Mountain from some of those towers' northwestern exposures (on a clear day)
15:20 - Time series chart with ominous caption. I'd like to understand its correlation with the unemployment rate.
15:55 - I wonder if consumer sensitive junk CLOs can "struggle" in a low unemployment environment?
16:37 - Defining credit grades, their deterioration factors (KPIs), and those factors' current and expected future states
18:12 - Had cash on hand, wanted risk, only expecting 1-2 cuts (I paraphrase)

[jorgeponce]

Sonali Soup-of-Tacks-and-Pushpins Basak

[titusp]

Sonali Basak is such an airhead ... if you can tell the future ... you would be god? No one can tell you what the risk level is for the future!!