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app. We begin this out with stocks creeping kire following another AI scare. The latest

bout of risk aversion helping to drive bond yields down towards new lows for the year. Bob Michael of JPMorgan

Asset Management writing, the US economy continues to operate at trend with continuing disinflation,

tax refunds and AI capex and nice tail wins. All of this is good for the bond market. Bob joined us

now for more. Bob, good morning.

Happy to be here. Bon yields. New lows for the year. Very close to those levels right now.

What's driving yields that much lower? I feel that the bond market is sitting here with a growing

stack of chips. We're getting all the chips from private capital and from equities where a lot

of investment by clients

...