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Surveillance: Hawkish Fed Sparks Recession Fears

Bloomberg Surveillance

00:00

What Do You Think the Market Will Look Like Next Year?

I think the price action right now is not reflective of what we should expect next year. The front end has a lot more room to rise unless we expect the Fed to hike beyond 5.25%. But on the long end, the dynamics are very different. You're going to see a lot of corporate issuance come into the market. Typically, those tend to at least support a little bit of a bearish momentum.

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