UBS Head of Credit Strategy Matthew Mish believes a red sweep in the upcoming elections would be beneficial for credit spreads, indicating a positive outlook overall. Meanwhile, CreditSights Global Head of Strategy Winnie Cisar advises investors to look beyond the election noise. They shared these insights during an interview with Sonali Basak on "Bloomberg Real Yield."
Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, stated that if Donald Trump wins and Republicans sweep, the 10-year yield could rise to around 5%. Subadra Rajappa, Head of US Rates Strategy at Societe Generale, warned that a selloff in bond yields might negatively impact risky assets overall. They shared these insights in an interview with Sonali Basak on Bloomberg Real Yield.
The Kyrgyz Republic is gauging interest from investors for its potential debut in the dollar bond market. This move marks a significant step for the country as it seeks new funding avenues. Officials are optimistic about attracting foreign investment and enhancing its financial standing through this initiative.
Treasuries are headed for their worst month in over two years due to signs of economic strength and heavy supply of new notes and bonds. This comes as the market braces for next week’s US presidential election, adding to the volatility. Investors are closely watching the situation as interest rates and government policies hang in the balance.
In a recent discussion on "Bloomberg Real Yield," Richard Bernstein Advisors' Michael Contopoulos and Bloomberg's Ira Jersey analyzed how a potential election win by either Kamala Harris or Donald Trump could impact the 10-year yield. They highlighted that significant policy differences between the two candidates could lead to varied market reactions, especially in the bond market. Contopoulos noted that investor sentiment and expectations around fiscal policy will play a crucial role, while Jersey emphasized the importance of monitoring economic indicators in the lead-up to the election.
