IBKR Podcasts
Who Wants to Buy The Debt?
Nov 7, 2023
A wide ranging discussion on economics, interest rates, and volatility featuring Senior Economist Jose Torres, Head of Global Fixed Income Trading Joe Burke, and Chief Strategist Steve Sosnick. Topics covered include US economics, job growth, wage gains, soft landing or recession, politics affecting the bond market, Apple's stock, upcoming data points and auctions, concerns and risks in the bond market.
11:23
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Quick takeaways
- The labor market is showing signs of slowing down with downward revisions in job growth and a decline in wage gains, indicating a potential soft landing or recession.
- Political dysfunction in the US is affecting the bond market with long-term rates increasing due to the country's divided nature and inability to make good policy decisions, posing a challenge for economic strength and stability.
Deep dives
Labor market slowdown and soft landing
The labor market is showing signs of slowing down, with downward revisions in job growth and a decline in wage gains. The unemployment rate has increased as well. Moving forward, the focus is on stable data that neither signals an overheating nor a weak economy. This suggests a potential soft landing or recession.
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