Bloomberg Businessweek cover image

Bloomberg Businessweek

Biggest Boom in Bonds Since 1980s Sparks Everything Rally

Nov 30, 2023
41:00
Snipd AI
In this podcast, experts discuss the record-breaking boom in the US bond market. The role of pharmacy benefit managers in the prescription drug market is explored, with suggestions to save costs. The surprising firing and rehiring of Sam Altman as CEO of a tech and AI company is discussed. The correlation between water use and greenhouse gas emissions is highlighted, emphasizing the need for efficient water management. The podcast also provides insights on the current state of the market and investment strategies for the upcoming year.
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Podcast summary created with Snipd AI

Quick takeaways

  • The US bond market experienced a record-breaking month in November, despite a challenging year overall.
  • The yield curve correction and decreased risk of recession are expected to benefit the banking sector in 2022.

Deep dives

Consumers Split

The consumer market is split, with a stressed credit consumer and a cash customer. While higher interest rates have put pressure on credit consumers, the job market remains strong, providing stability for the cash customer segment.

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