CNBC's "Fast Money" A Big Call On Yields… And Databricks CEO On New Funding Round 12/17/24
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Dec 17, 2024 Could the 10-year yield soar to 6%? Experts discuss its implications for market dynamics and investor behavior. There's a spotlight on CVS shareholders and how rising healthcare concerns affect their outlook. The podcast also delves into the exciting $10 billion funding round for Databricks and the CEO's vision for the company's future. Plus, a potential merger between Honda and Nissan reveals the competitive landscape of the electric vehicle market. Strap in for insights that could shape your investment strategies!
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Bold Bond Market Prediction
- T. Rowe Price predicts the 10-year yield could reach 6%, a level last seen in 2000.
- This prediction is based on fiscal risks like growing federal deficit and potential tariffs.
5% vs 6% Yield
- A 5% 10-year yield is fairly consensus for next year, but 6% would be more concerning.
- While a 5% yield could be manageable, 6% raises concerns about the government's ability to fund itself.
Rate Hike Concerns
- A rate hike, combined with inflationary pressures from tariffs and immigration policies, would be negative.
- This scenario would signal uncontrolled inflation and significant labor pressure.