Bloomberg Surveillance Single Best Idea with Tom Keene: Ed Yardeni & Angela Stent
May 20, 2025
Insightful discussions reveal how rising bond yields intersect with the U.S. economy. The S&P 500 index shows surprising resilience, even amid fears of a mini debt crisis. Experts weigh in on geopolitical tensions, especially the implications of Russia's actions in Ukraine. This episode offers a deep dive into current financial landscapes and their potential impact on markets.
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Normalized Bond Yields
- Bond yields have normalized at about 4.5%, reflecting the right level for the U.S. economy post-financial crisis.
- Higher yields have not hurt the global bull market in stocks, signaling resilience in equities.
Debt Crisis as Wake-Up Call
- A mini debt crisis now could serve as a wake-up call for politicians in Washington to improve fiscal responsibility.
- Ed Yardeni hopes for such a crisis to prompt necessary political action.
Putin Blocks Ceasefire Talks
- Putin refuses ceasefire talks despite interim agreements, hindering peaceful conflict resolution.
- This stance worsens the situation in Ukraine and delays negotiations on post-conflict outcomes.
