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Bloomberg Surveillance

Euro Weakness vs. Dollar Strength with Rosenberg

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 29 May 2018

⏱️ 36 minutes

🧾️ Download transcript

Summary

Jeff Rosenberg, BlackRock Chief Fixed Income Strategist, says his EM view has changed quite a bit in the past few months.Stefan Selig, BridgePark Advisors Managing Partner & Former Under-Secretary of Commerce for International Trade, says it makes no sense to think of our trade deficit as a scorecard. Dean Curnutt, Macro Risk Advisors CEO, says there's certainly a risk that the dollar continues to rise.Diane Swonk, Grant Thornton Chief Economist, is concerned about the accumulation of debt in the U.S. economy.

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Transcript

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0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.5

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

0:11.4

Radio that turns down the volume a bit to give you some space to think.

0:16.5

I'm Wes Kossova.

0:18.0

Each weekday I dig into one important story and talk about why it matters.

0:23.7

Listen to the big take on the I Heart Radio app,

0:26.6

Apple Podcasts, we bring you insights. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.

0:43.4

Daily, we bring you insight from the best in economics, finance, investment,

0:47.8

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud,

0:53.8

Bloomberg.com, and of course, on the Bloomberg. We've got an expert in the in the studio right now. Jeff Rosenberg, he is Black Rocks

1:08.2

chief fixed-income strategist and Gina you know one of the things I want to understand is are people really willing to buy

1:16.8

that 30 year at 3.02% Jeff because unless you're going to it, you're going to get stuck with a pretty low

1:24.6

yield for a long time. And if you are going to trade it, you have to find someone else that's

1:29.2

willing to get stuck with that low yield. So there's a couple of perspectives there, PIM, and it's a great question,

1:34.0

it's a question we get a lot,

1:35.0

but you're seeing the reason why people want to own that 30 year

1:38.0

on a day like today,

1:40.0

duration, having something in your portfolio that moves in the opposite direction of risky assets like equities

1:46.7

is really the reason why people own that so it's less about the absolute level of yield you're not

1:52.0

really thinking about the 30-year Treasury as an income

1:54.7

source you're thinking of it as a stabilizer and on days like today it's really showing

...

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