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Surveillance: Hawkish Fed Sparks Recession Fears

Bloomberg Surveillance

00:00

Bond Story Next Year - Is the Jump-Out Rate Hikes Over?

I think we're in a very different environment relative to the 2008 time frame or the great financial crisis. Corporate profit margins are still very, very healthy. Our corporate strategies don't think the default rates rise in this cycle. We see more potential for the Treasury bond spread to narrow. I just never, ever thought they'd go this far.

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