Bloomberg Surveillance Market Unpredictability and Congestion Pricing
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Jan 6, 2025 Janno Lieber, CEO of the MTA, sheds light on New York City's congestion pricing initiative, aiming to alleviate traffic woes and improve taxi services. He discusses the potential benefits for public transport and the need for inclusive solutions for low-income commuters. Lieber also addresses urban safety concerns, linking public fears with necessary subway infrastructure improvements. The conversation unpacks innovative strategies for managing urban congestion while enhancing commuter experiences, making for a riveting discussion on future transport challenges.
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Bond Market Signals
- Bond markets indicate potential risks in 2025.
- Investors seek income, capital preservation, and diversification.
Steepening Yield Curve
- A steepening yield curve suggests the market expects Fed cuts and higher inflation risks.
- This contrasts with the inverted yield curve, which often precedes recessions.
Credit Risk Management
- Take calculated credit risks.
- Focus on investment-grade bonds due to their stronger cash flow and earnings.