Bloomberg Daybreak: Asia Edition Traders Weigh US Shutdown Risks, Gaza Peace Proposal
Sep 30, 2025
Bill Campbell, a Global Bond Portfolio Manager at DoubleLine, discusses looming US government shutdown risks and its potential impact on labor market data, emphasizing the market's flight-to-safety responses. Kirstin Fontenrose, a security and foreign policy expert, analyzes Trump's ambitious Gaza ceasefire proposal, detailing Hamas's likelihood to reject it and the pivotal role of Qatar and other regional players in supporting governance. Both guests provide insights into how these issues intertwine with global economic and political stability.
AI Snips
Chapters
Transcript
Episode notes
Plan Presents Ultimatum To Hamas
- Trump's Gaza proposal ties immediate conflict end to Hamas surrender and hostage release, backed publicly by the US and some Arab states.
- The offer functions as an ultimatum and repeats elements Hamas has previously rejected.
Shutdown Raises Data And Yield Risk
- A US government shutdown would delay key economic releases like the employment report and potentially CPI data, raising policymaking uncertainty.
- That lack of data could boost term premia and keep long-end yields elevated as investors demand compensation for uncertainty.
Inflation Outlook Has Widened Uncertainty
- The inflation outlook is more uncertain now with diverging Fed views and new structural risks like tariffs and trade policy.
- That uncertainty increases the premium investors demand and complicates Fed rate decisions.