An auction of 10-year and 30-year US treasuries lured decent appetite from investors demanding more compensation to finance the US government. The sales followed a subdued core inflation print, easing pressure on the Federal Reserve to raise interest rates next month. But with soaring government spending, a swelling budget deficit and an investment boom driven by AI demand showing no sign of slowing, investors are questioning whether elevated yields can be sustained. The Opening Trade spoke to guests about the outlook for the US bond market.
Chapters:
00:00:00 – OT Markets Snapshot: Yields
00:00:15 – Sree Kochugovindan Aberdeen
00:00:32 – Mark Cudmore, Bloomberg MLIV
00:00:45 – Henry Allen, Deutsche Bank
00:01:19 – Peter Schaffrik, RBC Capital Markets
00:01:32 – Marc Seidner, PIMCO
00:01:51 – Fabiana Fedeli, M&G Investments
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