This chapter analyzes the recent trade in the US bond market and provides an overview of the current state of the fixed income market. It discusses the initial bets made by bond managers, the jump in funds for some investors in November, and the rally in defensive haven bonds. The chapter also explores factors that could determine if the current trend continues, including the market's view on the Fed's interest rate policies and potential rate cuts in the future.
Bloomberg News Rates Reporter Michael MacKenzie and Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explain how in a year in which little has gone right in the US bond market, November turned out to be a month for the record books. Ge Bai, Professor of Health Policy and Management at Johns Hopkins Bloomberg School of Public Health, talks about middlemen pocketing 70% of Medicare spending on widely used generic drugs. Bloomberg Businessweek Editor Joel Weber, Businessweek Technology Editor Joshua Brustein and Bloomberg News AI Reporter Rachel Metz share the details of the Businessweek Magazine story Sam Altman Won the War for OpenAI. Now Comes Winning the Peace. And we Drive to the Close with John Augustine, CIO of Huntington Private Bank.
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