Surveillance: Tight Labor with Richardson
Bloomberg Surveillance
00:00
The Challenge Is Growth Momentum
The global economy is kind of accelerating actually, the US is not decelerating as much as anticipated. The challenge is that where we are on the cycle to your statement with regards to state variables, we're still late. That just creates a bit of a tension between momentum and where you are. We've kept the underweight at this juncture because we feel like it's a hedge for the portfolio. But we have to be clear, the yields that we're starting to see in the front end look much more symmetric.
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