Surveillance: Economy Weighs on Midterms
Bloomberg Surveillance
00:00
Bond Yields and Risk Assets - Is That Good News?
There's a very strange confluence of bad news is good news for markets right now. It's good when we get bad data because that means yields will go down and perhaps they'll cap inflation. At what point does that run out and people start to think, okay, wait a second, this isn't going to support the economy? And that is negative broadly for the dollar and for risk assets.
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