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Surveillance: Fed Game Plan with Dudley

Bloomberg Surveillance

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Is There Still a Bear Market Rally?

I'm heartened that maybe our clients are taking our cautionary view to heart. There are also embracing for the first time a livable fixed income yield, which may be sub 4% gives them a positive real yield and they don't need to take any duration risk. So, you know, we've got folks piling into things like certificates of deposit, like money market funds,. I know in many eras, we're not considered sexy products, but our satisfactory for a lot of investors right now.Lisa: Do you think it's wise to take on a product that maybe you have to think about where to deploy capital in a year or two where yields just aren't at this level?

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